Adjusted Gross Margin Expansion
Adjusted gross margin increased by approximately 20 basis points year-over-year, driven by strong productivity.
Fuel and Productivity Improvements
The company drove a 20 basis point improvement in trade rate and extended payables by 18 days since fiscal 2023, reducing inventory levels by 2 days.
Growth in E-commerce and Away From Home Channels
Away From Home net sales grew double digits in North America and international markets, while e-commerce saw strong growth driven by Celestial Seasonings tea, Garden Veggie snacks, and Earth's Best.
International Adjusted EBITDA Growth
International adjusted EBITDA increased by 17% compared to the prior year, with an adjusted EBITDA margin up approximately 190 basis points year-over-year.