Progress continues on inventory rebuild.

Adjusted operating income strong.

Adjusted EPS lifted to at least $11.50.

Operating income in N. America up 55% in quarter.

Quaker Foods North America registers 11% revenue growth.

Net revenue increases 9% as consumers adjust to inflation.

Profit buoyed by higher demand and tight supplies.

Today’s new normal seems surprisingly old with soaring prices.

War in Ukraine adds to higher input costs.