Quest and OWYN Double-Digit Growth
Quest and OWYN, which represent 70% of net sales, grew 12% and 57% respectively in the first half, driving overall company growth.
Quest Salty Snacks Expansion
Quest's Salty Snacks platform grew 45% in the quarter, now representing 35% of total Quest retail sales, with a successful national test at a key club customer.
OWYN Retail Takeaway Growth
OWYN's retail takeaway increased 52%, driven by ready-to-drink shakes growing 53% and a 22% increase in distribution.
Debt Repayment and Repricing
The company repaid $100 million of its term loan since the beginning of the fiscal year and repriced the term loan, saving nearly $2 million annually.