morning and joining Thank good today. you, to everyone John, us
Lifeway be our First, interest your as am in results. earnings and today regarding I thank you to you always, fourth year XXXX with Foods. pleased full quarter for speaking
and industry-wide into their Before for thank happy whole and to the I'd efficient allowed our like the presented. to first family operations keep customers results, which despite deliver and Lifeway us roadblocks efforts, dedication XXXX the have partners diving
staff are country thoughts surrounding trauma customers begin to the the our the by Lifeway, have situation. support like in by I'd who with family friends and sending and and been At stress those of the many impacted our and have to conflict dealing Ukraine. and in
Ukrainian employees and we and people. assessing the best and support rapid can our resolution a for of partners praying actively are We all how
of needs cause. situation support efforts. the by specifically kefir to million, over also and help stand are solidarity $X.X distribution with critical affected and our of for bottle We and the the that relief those we In a completed the in rebuilding year, dedicated raise raised money of to continue first a Ukraine charity of fundraiser began we for marked half people this
I the Foods, like father. true year $XXX.X to reflect, this net taken XXXX how quickly at XXth Lifeway I'm To perspective, is staying and million my of proud all have would had of for my CEO while business, in we of also so this XXXX. year we as sales values fiscal million $XX.X compared goals to put the in and of things to far
share as $X.XX price In as price June closing our was a addition, XXXX. compared XX of of $X.XX to in
products, basis. compound a XX.X% the of nationwide these on increased the rate annual expanded distribution benefits revenue brand a Lifeway years, on grown have increased recognition the have We Throughout kefir. of and new growth we of and
a Overall, year customers for sales relationships XXXX Year-over-year, enhanced a on increasing quarter old quarter capture was in we year, on grew our the of fourth retail consecutive partners very growth the new strong every as Throughout and quarter we both retain marking and net Lifeway. investments advertising business. while our single ninth our and our a basis, with products. marketing eyes to with
placed driving has see of and our the we priorities our remain strategic focused new are year, on the deliver momentum and are for by continuing goal In strong we GlenOaks addition, encouraged some our primary date. to shareholders. execute to and This of on and we growth value Farms that introduced products. on us completed exciting acquisition and This a we trajectory, demand
Likely, customer compared driven $XXX.X branded the was to GlenOaks of the in This million strategies of extent, higher kefir year. favorable our business, ended completed will of glad from the to third by impacts I for demonstrate increases full prior of is off lesser Farms acquisition were a or by to which sales success kefir year-over-year the core. XX, quarter. $XX XXXX, were growth. core volumes acquisition the volumes continued kefir net our and, results, the capped quarter ninth drinkable consecutive year I'm an XXXX year and and of in sales primarily our increase Net our our branded reiterate, the Now million December review increase our the of strength of XX.X%
addition, year reported costs price incurred ended XXXX, industry, In for margin freight. profit packaging December a increases we the of and the we materials, many others have inflationary raw XX, XX.X%. Like on the incremental gross in from
our maintain without erosion. with these line continue fluctuate, our expect and As follow to prices to bottom margins to our continue we own growth suit prices
will comfortably of Our a operations any monitor we industry shortages, issues. positioned against trends has team Lifeway and is to sure potential worked to any make stay ahead continue tirelessly to step
year year Moving expenses $XX.X had million million XXXX, a ended to marginal the expenses. to $XX.X was programs. for XXXX. $XX.X primarily XXXX, to XX, in marketing ended increased million million from from Selling investments XX, in for XXXX. of advertising on million G&A the expenses in due to The December December and $XX.X $X.X $XX,XXX increase increased decrease
basic of In income XX, year $X.XX basic and per during of X.X% common during or reflecting the $X.X XXXX, to in summary, million $X.XX net our diluted EPS period share increased and share per million, to compared ended $X.X the December diluted XXXX. same net common income
continue our on on to metric strategy, As progress profitability, we X.X continue important see Lifeway our should to to outlined an us. execute we
million $X.X Capital in to $XX,XXX spending approximately increased XXXX.
growth spending is capital cost areas: on facility X focused core and capital, reduction improvements. Our
supports and safety product support cost and capital reduction innovation enhancements. facility on manufacturing growth and Spending efficiencies, improvements new productivity. our Our
our commitment growing business continued goals and continue Our as improving to efficiencies. reflects our internal a capital
our XXX,XXX XX to maximum at to repurchased in of open at a market quarter, a corporate On XXX,XXX shares repurchase within of general $X.X and XX, to shares authorized we price $XX shares stock for the share. common per the all a June months treasury XXXX, In our in plan of common a purposes. repurchased stock third Board intend of million hold up
grocery growth results our store our sales. stronger have numbers results strong That even COVID XXXX, in XXXX. financial with from very in stay-at-home XXXX lapped are in we the In being trend, certainly said, proud to benefited primarily
and protein gut Our customer firm to that strategy. and will focused continue healthy belief tailwind acquisition and retention and demonstrate strong results Lifeway's demand our be market grow to for customer a addressable health products on
is drink multiple global by supported and data, will sources the reach $XX.X research. market probiotics reports to objective by of from According market belief research Our billion XXXX.
XXXX. Additionally, for power forecast according market those health individuals. and lactose-sensitive the research consciousness the is global Intelligence, global of compound to of kefir's The raising of a coming Mordor increasing at X.X% many XXXX health kefir drivers to of from COVID-XX, annual out this rate specifically grow growth purchasing during growth including are period to benefits, projected
kefir positioned well and on capitalize enhanced leader in industry, Lifeway As growing this market. very is the global to interest consumer
they kefir and can used Our recipes. products extremely dynamic be are delicious healthy as in numerous are and
social on snack swaps, the healthy Lifeway's With ideas variety, across website. we've recipes focus platform chefs nutrition continued work to ingredient with product and notable and to suggest experts media and
year, buyers. advertising customers selling focus commitment to which XX, aimed Throughout million to year consistently was spend past with this to through expenses, on primarily marketing December increased and dedicated can ended strategy, seen increased $X.X programs, the our the we existing XXXX. acquisition new million our or reiterated be Lifeway's and reengage targeted This customer and $XX.X connect for
attendees. music, U.S. media initiated of through major movement showcases over that the XXXX, large Van over the and exhibition kefir samples and we XXX,XXX light, to imagination with we program In given national Van date, Immersive Gogh's have XXX the experience in Gogh cities. marketing Gogh artwork has a XX million Van a garnered middle To out experience, impressions,
connect proud of particularly this us deeper to We are this level opportunity program marketing an a is experiential customers wellness. while emphasizing with in-person on that allows as
In Joe worked Amabile, potential in famous XXXX, many with Lifeway local Paradise; company's the XXX,XXX on such the Lifeway in followers author registered received artist, Hsieh. over as Zach offering. XXX X Elana on featured nearly on Show Lifeway Barrymore branded also over including many million of Milstein; has Lifeway star social XXXX. XXX The of accounts, audience newest for combined was segments ambassadors reach Oat, media best-selling million and over TV and our placements and dietitian, with Drew Bachelor
of am our In partnership and announce, we back the launch News beginning I and marketing NBC market the campaign, comprehensive with create Telemundo, second the strong. programs at We U.S. advertising millions parallel pleased customers. push to the in launched Apple Lifeway targeted a our early XXXX, language potential areas adding television Kefir we campaign to new introduce ever with campaign. came to with XXXX, of the Telemundo, launched to with of Spanish-speaking through results a strategically first key
efforts We in the engaging velocity. are marketing to and new designed creating and increase to and promotional brand customers bring
and numbers successful. Our been that growth strong our show efforts sales have
been distribution We to rotation awarded these a that share Midwest we As opportunities fresh result, a Costco proud X-year market on have have at look regained the I'm absence. and at nearly stores. recently capitalizing forward after to a
additional bolstered would date, their to to On our in $X.X presence the I integration GlenOaks United In into like our brand, platform promotional our operational our give brand. with Fresh discuss complement And strategic Farms umbrella further addition the August regional efforts, commitment extension of our to that from the we of year California-based for States is to Made an XX, Western dominant events all has been the business probiotic the growth. testament the and to are acquisition under completed million. to to some of strength very seamless. drinkable Eastern-focused a yogurt, GlenOaks us represents national Lifeway
growth performance help of the key area is Since of retailers. expand the pleased area. with acquisition, and important the us GlenOaks in for a our California this its should we Western base West presence partners amongst us, in Coast U.S. have retail been and crucial brand's
strongly its will customers aligned previously a retailers own, and our strategically strategically acquisition to acquire business per and Alongside to drinkable that the customers, to into accretive supports to they earnings proud so fermented a efforts product. marketing channels new business yogurt as great probiotic tastes could still were benefits, We the also of bring we health, immunity be very they to mental table our through we forward, but not Moving GlenOaks well-being gut share. with this reach grasp. expect integrate
major our I'd Oat We cultured it shelves new at on delicious and X oat Oat. like product, has to partners. retail in now launched probiotic also discuss acceptance Lifeway December,
product bullish the strategically are it multiple as of categories. fast-growing center at on is the We very positioned
net shine majority to of products, our year strength addition a in like of kefir the backbone line XX% kids would XXXX, kefir light to and represents I year-over-year increased new ongoing core of sales remains our a year-over-year. business our our XXXX, increased the products. XX% of our our on ProBugs strong Kefir In the in Kefir for After sales. drinkable very sales and
for does growth. and products are reasons these stated on optimistic our As before, this the continue grow, we business, to so very
today's on provide target our customer, has probiotics, XXXX, precise Lifeway's protein health-focused In immunity efforts maintained and vitamin kefir business strategy mental dividends. customers gut products well-being. health, support paying and that marketing help with and and it a been their D
to and the and the in microbiome's know in kefir the the XX% defense now emotional anxiety. of happiness the products probiotics axis, XX% gut comes gut. brain with that brain support depression a related focus and healthy cells, research of to of microbiome, approximately gut comes serotonin such in intense of from well-being. intestinal a from the The as major are and We kefir Probiotic the role up stress, function, immune body plays role cognitive links our centers and which
in facts more of today's and will these focus benefit and portfolio. Lifeway's gut, on they which their health, As their should culture be to great about product learn even care the probiotic consumers more
in kefir to have and GlenOaks innovation I new months. look our addition a strong coming more and forward In announcements Farmers the our pipeline, exciting to and we Cheese best-selling yogurt, drinkable
exceptionally well XXXX. these we Lifeway our prospects. are encouraged very based in performed And results, towards on
long-term healthy that value on the we improve remains products to to Our nutritious to our serving for delivering focus and provide our our customers. and I unchanged, of and self-care, on remain customers' health excited the health. to immunity strategic our and while to and best-in-class growth well-being the primary target creation mission path continue are growth confident gut probiotic improved furthering We're investors. profitable foods
We for to today in you our day. To will your call listening safe, we hope This earnings the call. momentum in everyone business a look Lifeway for nice our progress remain you on to ongoing concludes for our and XXXX. all forward next to and interest Foods. close, thank updating Have continue year overview the and fiscal
