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Free timing solutions skippy forex3/8/2023 ![]() "The intentional balance we have built across our portfolio has once again enabled us to generate stable cash flows in a very dynamic time period, even as we absorbed significant incremental costs in our supply chain due to the COVID-19 pandemic." "We had an excellent third quarter with strength across our retail and deli businesses, along with a rebound in our foodservice business," said Jim Snee, chairman of the board, president and chief executive officer. Operating free cash flow 1 of $242 million, up 72%.Cash flow from operations of $330 million, up 59%.Diluted earnings per share of $0.37, flat to last year.Effective tax rate of 21.6%, compared to 23.6% last year. ![]() ![]() Operating margin of 10.5%, compared to 11.2% last year.Pretax earnings of $259 million, down 1%.Record net sales of $2.4 billion, up 4% organic net sales 1 up 2%.Volume of 1.2 billion lbs., up 4% organic volume 1 up 3%.The impact of the Sadler's Smokehouse acquisition ( March 2020) is excluded in the presentation of the third quarter of fiscal 2020 non-GAAP measures of organic volume and organic net sales. Operating free cash flow is also presented as a non-GAAP metric.
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