Third Quarter Fiscal 2023 Earnings Conference Call
4
Results Summary
$ in Millions, except for per share data.
ā
ā
Net Sales
Gross Profit
Adjusted EBITDA
1
Adjusted EPS
Q3 FY23
Better Food. Better Future.
$7,507
$1,000
$159
$0.54
Q3 FY22
1) Definitions and reconciliations for non-GAAP measures are provided at the end of the presentation.
$7,242
$1,012
$196
$1.10
% Change
Net sales growth primarily driven by inflation, new customer wins, and deeper sales penetration with existing customers, partially offset
by a decline in units.
4%
1%
19%
51%
Adjusted EBITDA decline primarily reflects lower gross profit rate, which was partially offset by the reversal of incentive compensation
accrual.
Adjusted EPS decline primarily reflects lower Adjusted EBITDA, higher D&A and lower non-cash pension income.
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