Company is acquiring facilities from Tyson Foods.

The Upcycled Certified label was introduced in 2021.

Company is a contract manufacturer of salty snacks, cookies and crackers.

Greater physical and digital scale seen fueling company growth.

Intention is to give the company a strong position in customizable beverages.

Company is still trying to crack the afternoon daypart code.

Hostess acquisition seen boosting company sales by $650 million during the rest of fiscal 2024.

Terms of both acquisitions were not disclosed.

Management calls fiscal 2024 ‘year of investment.’

Consumers trading down to private label affects ready-to-eat cereal business.