Good day, and thank you for standing by. Welcome to the John B. Sanfilippo and Son second quarter fiscal 2026 operating results conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, we'll open up for questions. To ask a question during the session, you will need to press star one one on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. I will now hand it over to your first speaker today, Jeffrey Sanfilippo, Chief Executive Officer. Please go ahead. Thank you, Victor, and good morning, everyone, and welcome to our 2026 second quarter earnings conference call. Thank you for joining us. On the call with me today is Jasper Sanfilippo, our COO, and Frank Pellegrino, our CFO. We may make some forward-looking statements today. These statements are based on our current expectations, and they involve certain risks and uncertainties. Factors that could negatively impact results are explained in the various SEC filings that we have made, including Forms 10-K and 10-Q. We encourage you to refer to the filings to learn more about these risks and uncertainties that are inherent in our business. Turning to results, we delivered record-breaking top-line growth and achieved approximately 32% increase in diluted earnings per share for the quarter, driven by executing our ongoing strategic initiatives of disciplined cost management, operational efficiencies, and strategic pricing actions. While these results are encouraging, we continue to navigate headwinds from shifting consumer behavior, emerging health and wellness trends, and elevated retail selling prices, which weigh on overall sales volume. However, we have a strong and diverse set of products that align with these emerging health and wellness trends and priorities. We are further expanding our pipeline with new innovations to capitalize on these trends and growth opportunities. We believe that the recent reduction in trade tariffs on most imported nuts, primarily cashews, should help lower selling prices of certain products over time and support future demand. I'm confident that we have the right team, capabilities, and focus to navigate this dynamic environment successfully and capitalize on growth opportunities. We remain committed to driving growth and profitability to deliver long-term value to our shareholders. At the start of the third quarter, we distributed a special dividend of $1 per share, reflecting our strong financial position and disciplined capital allocation strategy. This return of capital to our shareholders occurred concurrently with one of the largest capital expenditure initiatives in our company's history. These strategic investments position us to enhance operational efficiency, expand production capacity, and capture emerging market opportunities to support sustained growth and profitability. Our management team has set clear priorities as we finish out the back half of fiscal 2026 and start to build our financial plan for fiscal 2027. One of those crucial priorities, which we have talked about on previous calls, is to accelerate our snack and energy bar business. While the industry is experiencing softness in certain segments of the bar category, including fruit and grain and granola, the protein-forward bar segment is very strong. The investments we've made in new bar manufacturing capabilities align well with this shift in consumer behavior to healthier, protein-forward snacks. Approximately 85% of the new equipment we have purchased is now on-site or in transit. We are on schedule to begin production in July this year, utilizing our new bar equipment. Our R&D and insights teams have done an extraordinary job building out our bar innovation platform. Our sales and marketing teams have started engaging with customers. We are already receiving positive interest in our offerings. This is a transformational time for our company. I'm excited about the future growth we will build with our customers, and I'm extremely proud of the hard work, dedication, and tenacity of the team members across our company who are so committed to our success. Common themes are emerging among CPG leaders as they discuss priorities and performance on earnings call. One is margin and productivity. Many continue to see pressure from inflation, rising input costs, and supply chain complexity. At JBSS, we remain sharply focused on cost optimization while evolving our structure and processes to support sustainable growth. We are driving efficiency improvements across our operations, supply chain, pricing, trade spending, and formula development. There are key leaders across the organization working on what we call OFG initiatives, Optimize for Growth, which impacts how we do business and how we go to market. I'm excited about the margin enhancement projects that these teams are executing. Another key theme is volume stabilization. Volumes have declined or remained flat across many food companies over the last 12-24 months, and we've experienced similar softness in our nut and trail mix and bar categories this past fiscal year. Our commercial teams are focused not only on stabilizing the business, but on returning to volume growth. We are allocating resources to strengthen programs with existing partners, while also diversifying our customer base and product portfolio through innovative programs, products, and packaging. Our portfolio is well balanced between everyday snack and higher growth platforms, and for those consumers looking for lower cost options in the snack category.... I will now turn the call over to Frank Pellegrino, our CFO, to provide additional information on our financial performance for our first quarter. Thank you, Jeffrey. Starting with the income statement. Net sales for second quarter of fiscal 2026 increased by 4.6% to $314.8 million, compared to net sales of $301.1 million in the second quarter of fiscal 2025. The increase in net sales was due to a 15.8% increase in the weighted average sales price per pound, which was partially offset by a 9.7% decline in sales volume or pounds sold to customers. The increase in the weighted average sales price primarily resulted from higher commodity acquisition costs across all major tree nuts and peanuts. While our core business of walnuts, almonds, and pecans achieved volume growth, overall sales volume decreased during the quarter. This decline was primarily from a reduction of opportunistic granola volume sold in the contract manufacturing channel. Sales volume decreased 8.4% in the consumer distribution channel, primarily driven by a 7.9% decline in private brand sales due to lower volume in private label bars and, to a lesser extent, nuts and trail mix. Nuts and trail mix sales were impacted by higher retail prices, soft demand, including customer downsizing and reduced distribution at a major mass merchandiser. These declines were partially offset by new business with an existing customer and improved performance at another mass merchandiser. Bar sales declined as prior year's volume were elevated by low industry-wide inventory levels and the lingering impact of a national brand recall, which temporarily boosted private label bars demand. A strategic reduction in sales to one grocery retailer also contributed to the bar decline. Brand net sales were negatively impacted by lost distribution of Orchard Valley Harvest at a major customer in the non-food sector, and the timing of Fisher Snack promotions at a major non-food customer. Sales volume in the commercial ingredients channel remained relatively unchanged, with a decline of 1.1%. Sales volume in the contract manufacturing channel decreased 26.5% due to decreased granola volume processed at our Lakeville facility, which was partially offset by increased snack nut sales to a customer added during the second quarter of the prior year. Gross profit increased by $6.9 million, or 13.2% to $59.2 million, compared to the second quarter of last year, driven by higher net sales during the quarter, with selling prices more closely aligned to commodity acquisition costs compared to the second quarter of the prior year. Additionally, reduced manufacturing spending and operational efficiencies contributed to the overall increase in gross profit. Gross profit margin increased to 18.8% of net sales, compared to 17.4% for the second quarter of fiscal 2025, due to the reasons previously mentioned. Total operating expenses were substantially flat compared to the prior year's second quarter, increasing by $300,000. The slight increase was primarily driven by higher incentive compensation, which was largely offset by lower marketing, freight, third-party warehouse, and compensation costs. Total operating expenses as a percentage of net sales for the second quarter of fiscal 2026 decreased to 10.5% from 10.9% in the prior comparable quarter, reflecting the factors noted previously and a higher net sales base. Interest expense was $500,000 for second quarter of fiscal 2026, compared to $800,000 for second quarter of fiscal 2025. Net income for the second quarter of fiscal 2026 was $18 million, or $1.53 per diluted share, compared to $13.6 million, or $1.16 per diluted share for the second quarter of fiscal 2025. Now taking a look at inventory. The total value of inventories on hand at the end of the current second quarter increased $29.6 million, or 14.4%, compared to the total value of inventories on hand at the end of the prior year comparable quarter. The increase was due to higher commodity acquisition costs across all major nut types, except for peanuts and in-shell walnuts, as well as greater on-hand quantities of work in process and finished goods inventory to support forecasted demand. The weighted average cost per pound of raw nut and dried fruit increased 11.8% year-over-year, mainly due to higher acquisition costs for all major nut types, except for in-shell walnuts, partially offset by lower acquisition costs of peanuts and lower on-hand quantities of almonds and cashews. Moving on to year-to-date results. Net sales for the first two quarters of the current year increased 6.3% to $613.5 million, compared to the first two quarters of fiscal 2025. The increase in net sales was primarily attributable to a 12.2% increase in the weighted average selling price per pound, which was partially offset by a 5.3% decrease in sales volume. The sales volume decrease was due to lower sales volume in the consumer and contract manufacturing channels, partially offset by year-to-date growth in the commercial ingredients channel. Gross profit margin increased to 18.5% of net sales, compared to 17.1% in the prior period. The increase was mainly attributable to the factors noted previously in the quarterly comparison, along with a one-time pricing concession in the prior year first quarter to a bar customer that did not recur in this fiscal year. Total operating expenses for the current year to date increased $2.1 million to $60.3 million, compared to $62.4 million for the first two quarters of fiscal 2025. The increase in total operating expenses was mainly driven by lower marketing and insights spending, reduced third-party warehouse costs, decreased freight expenses, lower compensation, and lower third-party recruitment expenses. These savings were partially offset by an increase in incentive compensation. Interest expense was $1.5 million for the first two quarters of fiscal 2026, compared to $1.3 million for the first two quarters of fiscal 2025. Net income for the first two quarters of fiscal 2025 was $36.7 million, or $3.12 per diluted share, for a net income of $25.3 million, or $2.16 per diluted share for the first two quarters of fiscal 2025. Please refer to our Form 10-Q, which was filed yesterday, for additional details regarding our financial performance for the second quarter of fiscal 2026. Now I'll turn the call over to Jeffrey to provide additional comments. Thanks, Frank, for the financial update. It's important to note how our long-range plan defines our future growth priorities, focused on accelerating our private brand business with key customers and high-growth snacking categories, most notably private brand bars, while expanding branded distribution behind Orchard Valley Harvest this year via insight-driven product and packaging innovation. Execution of this plan is anchored in delivering value-added solutions and high-quality, innovative products based on our extensive industry and consumer expertise. Growth in private brand bars will be supported by capacity expansion and a robust innovation pipeline, with continued focus on nutrition bars. For our branded nut and trail mix business, we are focused on attracting new consumers through product innovation, broader distribution across traditional and alternative channels, and expanded purchasing occasions, including club stores, e-commerce, and the non-home food service segment. Promotional and advertising investments are being prioritized to drive volume growth, supported by an omni-channel strategy across recipe nuts, snack nuts, and trail mix. Now we'll turn to category updates. I'll share some category and brand results with you for our second quarter. All the market information I'll be referring to is Circana panel data, and for today, it is the period ending December 28, 2025. When I refer to Q2, I'm referring to the 13 weeks of the quarter ending December 28, 2025. References to changes in volume are versus the corresponding period 1 year ago. For pricing commentary, we are using Circana's MULO+ scan data, and we are referring to average price per pound. We are using the nuts, trail mix, and bar syndicated views of the category as defined by Circana. In the second quarter, we continued to see modest growth in the broader snack aisle, as defined by Circana. Volume and dollars were up 2% and 4%, respectively. This is consistent with the performance we saw in Q1. In Q2, the snack nut and trail mix category was down 4% in pounds and up 3% in dollars, which is generally consistent with the performance from the last quarter. Snack nuts prices rose 8%, with increases across nearly all nut types. Prices rose 6% for trail mixes. Our Southern Style Nuts brand performed better than the category, with a 5% increase in pound shipments, driven by an increase in sales in our e-commerce channel. Fisher snack nut and trail mix performed worse than the category, with pound shipments down 15%. This was primarily driven by some lost distribution and less promotional activity. Our Orchard Valley Harvest brand, which primarily plays in trail mix, was down 42% in pound shipments, driven by discontinuation at a national specialty retailer. Commodity increases, including cocoa and some tree nuts, are resulting in higher prices for Orchard Valley Harvest. But we continue to focus on innovation and renovation opportunities to mitigate this commodity pressure. Our private label consumer snack and trail shipments performed generally similar to the category, with pound shipments down 5% versus last year. Now let me turn to the recipe nut category. In Q2, the recipe nut category was up 2% in pounds and up 14% in dollars, driven by the seasonality impact of the holiday season, paired with higher prices. The recipe category experienced a 13% price increase, driven particularly by walnuts, although all nut types experienced price increases. Our Fisher recipe pound shipments were down 3% in Q2 due to some lost distribution, although we performed very well at our current retailers. Now let's look at the bar category. In Q2, the bars category continued to rebound as a major player continued to reenter the market after a major recall in the winter of 2023. The category grew 6% in pounds and dollars, driven by branded player growth. Private label was down 1% in pounds and up 2% in dollars. Our private label bar shipments were down 12% versus a year ago due to softness at one major mass merchandiser. In closing, as we look ahead to the second half of fiscal 2026, we do so with cautious optimism, driven by recent commercial momentum across the organization. Our consumer team has recently secured new and expanded business with several important customers. Our food service team is expanding distribution with strategic partners, and our contract manufacturing team continues to build scalable growth platforms for customers. Together, these efforts position us well as we execute our growth strategies and invest in infrastructure to support the next phase of our business transformation. As always, we'll continue to respond to challenges, including the current economic and operating environment and the risk of declining demand. But I am confident we have the right team, initiatives, and strategies to overcome these challenges to provide differentiated value to our customers and consumers. We are committed to creating long-term shareholder value through these strategic initiatives and continued operational excellence. I want to extend my heartfelt thanks to all our employees for their hard work and dedication, which have been instrumental in achieving these milestones. Our management team and all our associates continue to work hard to expand our business, to build stronger brands, to build more innovative product platforms, and to provide higher levels of quality and service. JBSS is positioned well for strong results in the future. We appreciate your participation in the call, and thank you for your interest in our company. We'll now open the call to questions. Thank you. Please queue up the first question. To ask a question, you need to press star one one on your telephone and wait for your name to be announced. To withdraw your question, please press star one one again. Please stand by. We'll apply the Q&A roster. One moment for our first question. Our first question will come from the line of Hamed Khorsand from BWS Financial. Your line is open. Hey, good morning. So the first question is, where do you stand on this equipment? You're saying it's 85%, and you're going to be on time for this year. Is it going to be calendar this year or fiscal this year? And then how do you know the quality will be there, that you've already started engaging with customers? Sure. Hamed, this is Jasper. So we already have equipment being delivered now in the building and at our Huntley warehouse. All the other product or equipment from Europe is either on water or getting created to come on the water. We are very familiar with the manufacturers that we selected for our processing equipment. So we know that the quality, the build, and the efficiency of the equipment is really what we're looking for. It's very similar to equipment we already have in terms of size and layout. And so we're very comfortable with the fact that the equipment will perform well. When we're talking about having it installed, we're talking about install and running in July of 2026. I would add that Jasper and several of our engineers have been to Europe and visiting the manufacturing equipment manufacturers several times during the course of this past year. So they viewed the production of the equipment. They've tested it while they've been there. We're confident once it gets on the water and installed here, that it will be working as we expect. Okay. And then the other question is just about the pricing. Yeah, how fast are you able to pass through pricing that you're incurring on the higher cost of nuts? Sure. So, two things. One, typically, with most retailers, we have a 6-month price review, depending on whether commodities are going up or down. And then once those 6-month price reviews hit, or we need to take pricing, for example, on our brands, there's typically a 60-90-day timeline to initiate those price changes. Okay, great. Thank you. Thank you. And star one one. And I'm not showing any further questions in the queue at this time. I would now like to turn it back over to Jeffrey for closing remarks. Great. Thanks, Victor. Appreciate your support. Again, thank you all for being on the call today and your interest in JBSS. This concludes the call for our second quarter fiscal 2026 operating results. Have a great day. Thank you for your participation in today's conference. This concludes the program. You may now disconnect. Everyone, have a great day.