“I think the way to think about the year ahead is I think it's going to be another year out of our typical algorithm.”

In context

“n comes from Andrea Teixeira from JPMorgan Chase. Andrea Teixeira : So I wanted to go back to John's comment on growing EPS in dollar terms next year. And along with that, James, you mentioned that you're looking at pricing above algorithm, which makes sense. But given the volume loss, I was just hoping if you can comment, in general, as we stand right now, that operating income would probably grow faster than EPS in order to absorb some of the unfavorable hedges and any issues in the financial expenses. Is that the way we should be thinking of next year, to a more muted EPS growth? Or you still think you can grow above low single next year in EPS? John Murphy : So, Andrea, thanks. I'll take that. As we said on the earlier, I think it's too early to get into those specifics for next year. I think the way to think about the year ahead is I think it's going to be another year out of our typical algorithm. We continue to build greater visibility around how -- what to expect in the -- particularly in the first half of the year when we'll be looking for that fast start. What each line item of the income statement looks like is -- it's just too early. We'll come back in February with that detail. I think the key takeaway is that as we sit here, we do see a path to generating U.S. dollar EPS growth in 2023. As I said earlier, there's many variables to bring that path to fruition. And we know that top-line driven smart investments and effective management of our cost structure, those thee will deliver. And below the operating income line, as I said, there's a lot that still needs to play out in the next few months to give you a clearer picture on what to expect. And we'll come back in February w”