Middleby Corp Q2 2023 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Tami Zakaria - JPMorgan Chase & Co, Research Division - Analyst : So my first question is for the Food Processing segment margin, I think it was lower sequentially on the higher revenues. Anything unexpected happened there? How should we think about margins for Food Processing for the next 2 quarters?

Question: Tami Zakaria - JPMorgan Chase & Co, Research Division - Analyst : Got it. That's very helpful. And then I'm not sure I missed it, but where does your backlog stand for the Commercial Food and Food Processing segments today? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 03, 2023 / 3:00PM, MIDD.OQ - Q2 2023 Middleby Corp Earnings Call

Question: Brian Christopher McNamara - Canaccord Genuity Corp., Research Division - Analyst : I just want to circle back on grills. I know, Bryan, I think you had mentioned, I guess, sell-in is a little bit below kind of what you were expecting -- or sell-through. I'm just curious, do you think that's just primarily driven by simply brand awareness? Like the checks that we perform, you talk to some of your retail partners in grills and half of the associates don't even know of the brand or know that they're in the store. I'm curious -- to me, that sounds like an opportunity, but I'd love to hear your thoughts on that.