Exceptional Revenue Growth
Revenue increased 17% year-over-year, driven entirely by customer demand, marking 9 successive quarters of average 15% volume growth.
Strong Performance in Plant-Based Beverages
Plant-based milk volumes increased at a high teens rate in Q3. The plant-based beverage category grew 9% in foodservice.
Broth and Tea Growth
Broth volumes increased high single digits, and tea was the fastest-growing product category in both retail and foodservice during the quarter.
Better-For-You Fruit Snacks Success
Achieved 21st consecutive quarter of double-digit revenue growth in better-for-you fruit snacks.
Increased Operating Income
Operating income rose $6.1 million to $6.9 million, driven by lower employee variable compensation costs and lower professional fees.