Financial Data and Key Metrics Changes - Net sales increased by 3% in the second quarter, with comparable net sales rising by 5% after excluding prior year sales related to divested businesses and foreign currency exchange [21] - Adjusted gross profit decreased by $90 million, or 10%, compared to the prior year, primarily due to higher commodity costs and unfavorable volume mix [22] - Adjusted earnings per share was $2.10, a decrease of 24% versus the prior year [23] Business Line Data and Key Metrics Changes - Uncrustables brand net sales grew by 7% at the total company level, with significant household penetration potential remaining [4][5] - Café Bustelo brand net sales increased by 41% in the U.S. retail coffee portfolio, driven by distribution expansion and marketing investments [8] - Milk-Bone brand showed sequential improvement in net sales growth, with expectations to return to growth in the latter half of the fiscal year [9] - Meow Mix brand outpaced the dry cat food category, growing sales nearly three times the category rate [11] Market Data and Key Metrics Changes - U.S. retail coffee segment net sales increased by 21%, driven by higher pricing to recover increased commodity costs [23] - U.S. retail frozen handheld and spreads saw a net sales decrease of 5%, primarily due to declines in peanut butter and fruit spreads [24] - U.S. retail pet foods net sales decreased by 7%, reflecting a decline in dog snacks [25] Company Strategy and Development Direction - The company is focused on three strategic priorities: accelerating organic growth, embedding transformation, and fostering a be-bold mindset [3] - The company aims to position the Uncrustables brand to generate over $1 billion in net sales by the end of the fiscal year [7] - The Hostess brand strategy includes reducing SKU count by 25% to simplify offerings and prioritize high-velocity products [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating a dynamic environment, focusing on elements within their control to drive long-term growth [20] - The company anticipates full-year net sales guidance to increase by 3.5%-4.5%, reflecting challenges from divested businesses [29] - Adjusted earnings per share guidance range is narrowed to $8.75-$9.25, maintaining the previous midpoint [33] Other Important Information - Free cash flow for the second quarter was $280 million, down from $317 million in the prior year [28] - The company plans to prioritize debt reduction, aiming to pay down $500 million of debt annually [28] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is omitted.