Net Sales Growth
For the quarter, net sales increased 0.7%, driven by a balance of improving volume and price realization.
Gross Margin Expansion
Gross margin for the quarter was 29.4%, a 90 basis point increase versus last year.
EBITDA Growth
EBITDA grew 27.5% in the quarter versus prior year.
Market Share Gains in Canada
For the year, Canada increased their market leading position by 110 basis points to 38.8%.
U.S. Brand Performance
5 of the Core 6 brands grew or maintained share, with Frosted Flakes and Raisin Bran being among the fastest-growing brands.
Successful Halloween Innovation
The 'Wednesday' cereal was the highest velocity innovation item in the category during the third quarter.
Supply Chain Improvements
Significant improvements in service levels and supply chain performance were noted.