
Q1 2022 Financial Performance - Net sales decreased by 9% compared to Q1 2021[6] - Adjusted net sales growth was approximately 0%[6,9] - Adjusted EBITDA decreased by 14% compared to Q1 2021[6] - Adjusted gross margin decreased by 24 bps compared to Q1 2021[6] - Adjusted EPS was $025 in Q1 2021 and $008 in Q1 2020, but increased to $027 in Q1 2022[20] Segment Performance - North America net sales decreased by 54%[41] - International net sales decreased by 131%[41] - North America adjusted EBITDA was $24102 thousand[47] - International adjusted EBITDA was $32434 thousand[47] Growth and Strategy - US growth brands experienced strong consumption momentum, with growth of +176% compared to two years ago[16] - The company is reaffirming full year FY22 guidance, expecting mid-to-high single digit sales growth[5,21,25] - The company is actively addressing global supply chain challenges, labor shortages, and a highly inflationary environment with strong productivity and pricing[5]