Flowers Foods, Inc.

Good day, and thank you for standing by. Welcome to the Flower Foods first quarter 2026 results conference call. At this time, all participants are in 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'll then hear an automated message advising your hand is raised. To address your question, please press star 11 again. Please be advised that today's conference is being recorded. I'd like to hand the conference over to your first speaker today, J.T. Rigg, Executive Vice President of Investment Relations. Please go ahead.

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 earlier on our Investment 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, Chairman and CEO, and Anthony Scaglione, our CFO. Riles, I'll turn it over to you.

Okay. Thanks, JT. Good morning, everybody. Our team continued to execute against a challenging backdrop and softer top-line trends in the quarter, delivering bottom-line results ahead of expectations. We advanced the comprehensive review of our brand portfolio, supply chain, and financial strategy, and I'm very encouraged by the progress we're making there. We sharpened our focus on our core brands, including our nationwide relaunch of Nature's Own, while continuing to strengthen our position in better-for-you segments. We also saw positive trends in premium bread and cake categories, helping us offset some of the ongoing softness in the traditional loaf category where we underperformed in the quarter. In addition, we took initiatives to drive efficiencies across our supply chain while further strengthening our balance sheet and our financial flexibility. Together, these efforts are positioning us to deliver more consistent and sustainable growth and profitability over the long term. Looking ahead, we'll remain focused on executing this strategy and positioning the business to drive value for shareholders. And I want to thank our team for their continued focus and commitment. And so with that, Marvin, we can open it up for questions.