Maybe it wasn’t the most impressive first official reporting period for Glanbia’s new CEO…though it’s not always about how you start that’s important, but how you finish, right? Glanbia Performance Nutrition is one of two wholly-owned segments of Glanbia plc (LON:GLB), a multibillion-dollar global nutrition company. The brands in the Glanbia Performance Nutrition portfolio include; Optimum Nutrition, BSN, think!, Isopure, Amazing Grass, and SlimFast. I'll use the recent earnings report, earnings call, and associated news to update you on how Glanbia Nutritionals and Glanbia Performance Nutrition is performing against the complex operating environment. Glanbia Performance Nutrition had 2024 first quarter revenue that decreased 1.9% compared to last year. The brand portfolio had volume growth of 1.4%, but that was more than offset by price decline of 3.3% YoY. Additionally, I'll dive deeper into Glanbia Performance Nutrition geographical and product categorial performance (performance nutrition, healthy lifestyle, and weight management). BTW I’m thinking about the creation of a change.org petition for the Glanbia Performance Nutrition division name to be amended to The Optimum Nutrition Company. This one brand alone now accounts for 64% of the total GPN revenue. In 2024 Q1, Optimum Nutrition had 5.6% growth coming from both pricing and volume gains…and U.S. market retail consumption growth in tracked channels was basically flat over the 13-week period ending March 23, 2024. Additionally, Optimum Nutrition generated over $1.1 billion in revenue last year...which makes it the number one sports nutrition brand in the world and also the top sports nutrition brand in 18 different countries. Finally, I talk through a collection of hot takes or things I’m left pondering about Glanbia at this current time. These include where the struggling legacy brand SlimFast sits inside of an evolving weight management category that has seen huge spikes in GLP-1 weight loss solutions (e.g. Ozempic, Wegovy, Zepbound, etc.), think! protein bars and Girl Scouts collaboration, recent marketing strategic partnerships (McClaren F1, Spartan Race, and Sky Sports), dry whey and cocoa commodity pricing, and ISOPURE picking up momentum.