Flowers Foods, Inc.

Good day, and thank you for standing by. Welcome to the Flowers Foods first quarter 2022 results conference call and webcast. At this time, all participants are in a listening mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, J.T. Rick, Senior Vice President of Finance and Investor Relations. Please go ahead.

Thank you, Shannon, and good morning. I hope everyone had the opportunity to review our earnings release, listen to our prepared remarks, and view the slide presentation that were all posted yesterday evening on our Investor Relations website. After today's Q&A session, we will also post an audio replay of this call. Please note that in this Q&A session, we may... make forward-looking statements about the company's performance. Although we believe these statements to be reasonable, they are subject to risks and uncertainties that could cause actual results to differ materially. In addition to what you hear in these remarks, important factors relating to Flowers Foods' business are fully detailed in our SEC filings. We also provide non-GAAP financial measures for which disclosures and reconciliations are provided in the earnings release at the end of the slide presentation on our website. Joining me today are Riles McMullen, President and CEO, and Steve Kinsey, our CFO. Riles, I'll turn it over to you.

Thanks, JT. Good morning, everybody. Appreciate you joining our first quarter call. I am very proud of our team's performance in a tough environment. Their perseverance drove record quarterly results in sales and adjusted EPS. Our leading brands continue to gain share, and we're successfully implementing strategies to further that growth. Inflation and supply chain disruptions are impacting virtually all companies, and we're not immune from that. Our team is working diligently to offset those pressures, and we do call out a five-cent impact to our 22 results, but we expect those headwinds to be resolved in the third quarter. The fundamentals of the business are strong, and I've never been more optimistic about our prospects. And no matter the environment, our team is focused on delivering results in line with or better than our long-term financial targets. So with that, Shannon, we're ready to start the Q&A, please.