Third Quarter Fiscal 2023 Earnings Conference Call

6 Near-Term Actions Being Taken Pursuing near-term profitability improvement measures while longer-term progress is made to structurally enhance efficiency and growth trajectory Action SG&A Savings Administrative Structure Efficiencies SKU Optimization Contract Term Review Benefits Lower SG&A spending, enhanced operational knowledge Reduced organizational complexity, enhanced adaptability, lower SG&A Better Food. Better Future. Opex efficiencies in distribution centers Greater contract consistency, improved gross margins Total run-rate savings of over $100 million identified to help offset near-term profitability pressure.

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