Financial Performance - Q1 2025 - Net sales decreased by 1.4% year-over-year to $1.554 billion, influenced by softer volumes and negative price/mix, but partially offset by the Simple Mills acquisition[8, 11] - Net income decreased by 27.4% year-over-year to $53.0 million, primarily due to lower operating income, higher net interest expense, and a higher income tax rate[8, 14] - Adjusted EBITDA increased by 1.6% year-over-year to $162.0 million, driven by improved gross margin and lower adjusted SD&A, partially offset by decreased net sales[8, 14] - GAAP diluted EPS decreased by $0.09 to $0.25, while adjusted diluted EPS decreased by $0.03 to $0.35[8] Sales Breakdown - Branded Retail net sales declined by 0.4% due to volume declines and unfavorable price/mix resulting from increased promotional activity, partially offset by the acquisition contribution[11] - Other net sales decreased by 3.3% due to softer volumes across most categories as inflationary pressure on consumers resulted in weaker away-from-home category sales[11] - Price/Mix had a -0.3% impact on total net sales, Volume had a -2.7% impact, and the Acquisition contributed +1.6%[8, 13] Fiscal Year 2025 Guidance - Net sales are projected to be between $5.297 billion and $5.395 billion, including $218 to $225 million from Simple Mills[19] - Adjusted EBITDA is expected to be between $534 million and $562 million, including $30 to $33 million from Simple Mills[19] - Adjusted diluted EPS is forecasted to be between $1.05 and $1.15, including a negative impact of ($0.08) to ($0.07) from Simple Mills[19]