Investor Presentaiton
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Key Takeaways
Strong production performance: On track to re-fill trade inventory by the end of April
Capacity additions are on-track:
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Kitchens 2.0 roll line produced saleable product slightly ahead of schedule
• On track to add shifts in Q2
Second line in Kitchen South on track for Q3 start-up
Strong advertising program: Heavy advertising begins in late April to re-accelerate growth
Year-on-year Nielsen consumption comparisons not indicative of shipment performance:
Due to out-of-stocks in Q1 and COVID surge/trough in March-June, year-on-year
comparisons will not be meaningful. Period-to-period Nielsen will be best measure from
January-June.
Adj. gross margin progress: Will track with increased throughput
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