“we commented just on the peso we did call out FX headwinds in 2025, but they have taken on a different nature that we're not expecting large impacts to come from the intense inflation countries we're expecting the house headwinds that come from some of the more normal, let's say, emerging markets like Mexico”

In context

“y then moderate the mix. So much more normalization of U.S. price/mix in 2025. And then Mexico, I mean, unpacking the Mexican playbook is a longer conversation, but I think is a play where par excellence, we have had a dedicated and consistent execution of the play -- the overall playbook, whether it's [ great ] quality marketing, great quality innovation, great quality execution, great quality RGM. So pricing options. I mean the one place you can go and find a package at almost every price point is Mexico. It's one of the broadest beverage portfolios in the world in terms of covering off all the categories. So it's been a long-term dedication by the system in Mexico to build the total beverage company with a product and a package and a price point for everyone, everywhere. And of course, we commented just on the peso we did call out FX headwinds in 2025, but they have taken on a different nature that we're not expecting large impacts to come from the intense inflation countries we're expecting the house headwinds that come from some of the more normal, let's say, emerging markets like Mexico, and that's part of the headwind you see on the peso conversion to the U.S. dollar for 2025. Operator: Our next question comes from Peter Grom from UBS. Peter Grom: So James, I was hoping to follow up on your response to Dara's question. And I apologize if I misheard this, but I think you mentioned organic growth to be a bit more weighted to price relative to volume, which isn't entirely surprising. And not to get too granular, but I wasn't sure if you were implying that you were expecting volume growth to kind of fall short of the 2% to 3% growth we typically see or just at the lower end of that range. And I'd just ask that in the kind of 2% unit case volume growth hitting the year. You touched on a lot of these more challenged markets getting better in the quarter. So it would seem that”