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Achieved sixth consecutive quarter of organic net sales growth, driven by the strategic positioning of the protein-centric portfolio across retail and foodservice.

Delivered double-digit adjusted earnings growth through successful pricing actions, favorable product mix, and significant productivity gains in the supply chain.

Realized meaningful margin expansion in the foodservice segment by implementing market-based pricing and capturing operational efficiencies.

Strengthened the retail segment's profitability through a second wave of strategic pricing and growth in high-value platforms like Jennie-O and Applegate.

Improved manufacturing performance, particularly within vertically integrated turkey operations, benefited from favorable growing conditions and enhanced throughput.

Mitigated elevated logistics and fuel costs through a more connected and responsive supply chain organization and disciplined cost management.

Appointed the company's first Chief Technology Officer to accelerate digital modernization and improve organizational agility and speed to market.

Reaffirmed full-year guidance with a trend toward the upper half of the earnings range, supported by strong first-half momentum and visibility into growth levers.

Anticipates Q3 adjusted earnings to be roughly flat year-over-year due to a full quarter of elevated fuel costs and targeted inventory rebalancing actions.

Planned inventory rebalancing for ambient products will temporarily lower plant utilization in Q3 but is expected to drive long-term operational efficiency.

Guidance assumes continued volatility in pork and beef markets, with pork costs projected to remain near prior-year levels rather than providing expected relief.

Expects double-digit bottom-line growth in Q4, driven by the absence of prior-year one-time items and sustained momentum in priority branded businesses.

Completed the divestiture of the whole bird turkey business to reduce volatility and sharpen focus on higher-value branded offerings.

Identified structural pressures in the Planters brand, specifically in premium nut types like cashews, prompting a shift toward new pack-size strategies and digital investment.

Acknowledged a temporary promotional 'darkness' for Skippy following a prior-year facility fire, with a full return to promotional activity planned for the second half.

Noted that while logistics costs were less of a headwind than initially feared in Q2, they remain a persistent year-over-year pressure for the remainder of fiscal 2026.

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Management noted that while Q3 faces discrete headwinds like fuel and inventory adjustments, the underlying business strength supports second-half growth.

The upper end of the range is achievable through foodservice over-delivery, continued turkey strength, and potential favorability in commodity markets.

SG&A efforts are on track, with Q2 growth limited to 2% despite headwinds from higher incentive compensation compared to the prior year.

Savings are being reinvested into new capabilities and talent, while some structural improvements are being realized as lower costs of goods sold at the plant level.

Management is implementing revenue growth management tactics, including enhanced promotions and new price-pack architecture to address consumer trade-outs.

The company is shifting marketing spend toward lower-funnel digital tactics and e-commerce to better capture demand in the substantial snacking category.

The proactive rebalancing is a result of improved visibility from new integrated business planning systems, targeting long-shelf-life ambient items like canned goods.

The action will result in lower plant utilization and near-term cost pressure specifically in Q3, but positions the company for a more efficient operating model.