“We talk very much in February about how we expected to be able to focus on having volume growth continuing to build the franchise of our beverages across the whole year, but expecting to see pricing moderate from what was similar levels to Q4, which is what we see in Q1, back down to some more normal levels by the end of the year.”

In context

“from home as much as it seems incredible to remember, Q1 last year was -- we were still talking about Omicron and not everywhere was opened up. So we are seeing in the first quarter this year additional strength in the away-from-home business, so take the U.S. as an example, immediate consumption packages grew ahead of future consumption packages. The away-from-home channels, for example, QSR restaurants, had a good strong quarter the first quarter this year, in part because we're cycling a partially open first quarter. And that will logically moderate that as we get into the rest of the year because now we're starting to cycle the opening. So hopefully, that does the 2 pieces. Look, overall, first quarter was strong. It was certainly within the bounds of our expectations and our plans. We talk very much in February about how we expected to be able to focus on having volume growth continuing to build the franchise of our beverages across the whole year, but expecting to see pricing moderate from what was similar levels to Q4, which is what we see in Q1, back down to some more normal levels by the end of the year. And so good, strong start. And we're maintaining guidance, we still feel confident in our guidance, and we're well equipped. The outlook has a degree of uncertainty in it that's, I think, more elevated than pre-COVID, obviously not COVID-driven. But there's plenty of uncertainty out there in terms of the direction of travel, of inflation, both the consumers' reaction to it and the input side. So we have a set of guidance out there that sees both input costs, our own costs and pricing moderating through the year, but there's still a long way to go. So I think take it as we feel good about our guidance. There's a lot left to manage. We have a good strategy, and we're certainly focused on this kind of all-weather results as we go into the rest of the year. Operator: Our next question come”