Hostess Brands, Inc.

ladies and gentlemen thank you for your patience we will begin momentarily again we thank you for your patience we will begin momentarily thank you Thank you. Greetings. Welcome to the Hostess Brands, Inc. Year-End 2022 Earnings Q&A. At this time, all participants are on a listen-only mode. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. I will now turn the conference over to your host, Andy Callahan. You may begin.

Terrific. Thanks, and good afternoon, and welcome, everybody, to the Q&A portion of Hostess Brands' fourth quarter 2022 Earnings Conference call. I'm Andy Callahan, Hostess Brands President and CEO, and I'm joined by Travis Leonard, our Chief Financial Officer. Hopefully, you've all had a chance to review the earnings release for the period ending December 31, 2022, along with the investor presentation, which was published today at 4 p.m. Eastern Time. That is available still and will be on the Hostess website at www.hostessbrands.com. A replay of the webcast and our subsequent Q&A will also be available on the investor relations section of our website. During the course of the call, we may make a number of forward-looking statements, including expectations and assumptions regarding the company's future performance. Action results may differ material from these forward-looking statements, and we undertake no obligation to update or revise these forward-looking statements. A detailed list of these risks and uncertainties can be found on today's earnings release and in our SEC filings. Management will make a number of references to non-GAAP financial measures that we believe provide useful information to investors. A full reconciliation of these non-GAAP measures to the most comparable GAAP measures is included in the earnings release. So with that out of the way, with that, we're available for the Q&A.

Thank you. At this time, we will be conducting the Q&A session. If you would like to ask a question, please press star 1 on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star 2 if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment, please, while we poll for questions. Our first question comes from the line of Ben Bienvenu with Steven Inc. Please proceed with your question.