Reports Q1 revenue $663M vs. $707M last year. “Despite the lower than expected first quarter performance which resulted in revising our 2025 outlook, we continue to make great progress on our strategic priorities, including the supply chain modernization initiative,” said Gary Pilnick, Chairman and Chief Executive Officer. “We remain on track to deliver ~500 bps of margin improvement as we exit 2026.” Pilnick continued, “In the first quarter, we saw consumers continue to focus on health and nutrition, which we view as a positive development for the category. We believe our portfolio is well positioned to meet the needs of our consumers, and we are taking further actions to accelerate our plans in this area.”
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