Scott Drake

“I'll cover our results for the quarter and the year. As we are in the midst of a transition, we won't be introducing specific guidance today, but our Interim CFO, Brad Bollner, will provide some color on how we see the business unfolding this fiscal year.”

“Net sales in the fiscal third quarter of 2023 were $124.2 million, an increase of $4.8 million, or 4%, compared to the prior-year period. The revenue growth reflected pricing increases to date.”

“Net sales in the second quarter of fiscal 2023 were $132.7 million, up 12% year-over-year. Growth in sales primarily reflects traction with new customers and higher per pound pricing in both our DSD and direct ship sales.”

“My comments today will focus on the first quarter fiscal 2023 financial performance, our margin and how we're managing the balance sheet, along with some more color on the key initiatives you mentioned.”

“Overall, net sales in fiscal 2022 increased by $71.3 million or 18% to $469.2 million from $397.9 million in fiscal 2021.”