Flowers Foods, Inc.

Good day and thank you for standing by. Welcome to the Flowers Food fourth quarter and fiscal year 2022 results conference call. At this time, all participants are in a listen-only 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 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, J.T. Rick, Executive Vice President of Finance and Investor Relations. Please go ahead.

Thank you, Tanya, 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 disclosure and reconciliations are provided in the earnings release and 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, JC. Good morning, everybody. Thanks for joining the fourth quarter call. I'm really proud of our accomplishments in 2022 and would once again like to thank our Flowers team for their hard work in making that performance possible. Despite the challenging macroeconomic environment, we generated record sales, we advanced our innovation pipeline, and we made important progress with our digital and supply chain initiatives. And we expect to build on that progress this year in 2023. We'll be making additional investments in digital and supply chain, as well as marketing support for the DKB bar launch. Although these investments alongside continued inflationary pressures will impact our near-term results, I'm confident by enhancing our already strong foundation we're positioning the company for future long-term success. So with that, Tonya, we're ready to take questions.