“So I think the narrowing of the corridor is really the second half maybe the first few months of next year, but we're basically gonna get through that.”

In context

“Clearly, that's moderating slightly from Q1 and prior year. But we still expect to get volume growth in the second half, again, although moderating, as we wait for the capacity to come online. I think the team has done a great job of creating some space this year to keep growing. As you point out, the New York facility will come online at the beginning of 2026, obviously. That doesn't all turn on with a flick of the switch on day one as much as one would wish it would treat so. And that will ramp up over 2026, but it will steadily debottleneck our constraints on capacity across all the different Fairlife variants and package sizes. So we have that coming online in 2026. We also have over the time priority going into the future options to expand capacity at some of the existing facilities. So I think the narrowing of the corridor is really the second half maybe the first few months of next year, but we're basically gonna get through that. And doing really well with Fairlife so far. Secondly, as it relates to international, having made some investments in dairy which were unhappy in small countries and with small investments, it is worth pointing out that Santa Clara in Mexico also had a strong performance. It's now the number one value-added dairy business in Mexico. So not under the Fairlife brand, but actually a big market with a good position in value-added dairy there. And we continue to look at other international opportunities as you rightly point out. The structure of the dairy industry in the US is differential relative to other parts of the world. But protein is very on trend. We know that Fairlife and CorePower are strongly differentiated and preferred as products and brands. And we are, of course, looking to see”