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Performance was significantly bolstered by an $0.84 per share benefit from tariff refunds, which management is partially reinvesting into brand support and operational scaling.
Coffee volume growth remained resilient despite higher pricing, though management maintains a 'prudent' low single-digit volume decline outlook due to volatile green coffee commodities and consumer environment uncertainty.
The Uncrustables brand continues to serve as a primary growth engine, prompting an upward revision of full-year growth expectations to high single digits driven by retail and Away From Home momentum.
Dog snacks saw a solid recovery, specifically with Pup-Peroni growing 5% in net sales following a brand reset and sharper marketing execution at major retailers.

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4 days ago

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