Investor Presentaiton slide image

Investor Presentaiton

Inflation continues at a very high rate and has necessitated a 2nd price increase Chicken Beef Packaging Labor Freight Key cost element Potential cost impact Priced annually in December; significant increases necessitated 2nd price increase Priced quarterly; assumed in plan; in 2022, we will be able to lock pricing for 6 months Floats with resin price; increases seen in all materials Labor market tightness is driving cost increases at virtually every supplier Assumed inflation but exceeding expectations; fuel costs have skyrocketed We need increased pricing and elimination of temporary operating inefficiencies to restore adj. gross margin Implemented a 4.8% price increase on 11/29/21 and announced a second price increase that will be effective on 2/28/22 26
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