“Our EPS outlook also now factors in $0.26 of headwinds related to ForEx impact.”

In context

“indicate stronger underlying results. We continue to expect broad-based growth in our core categories and markets. We also expect a significant contribution from pricing, and we continue to plan for double-digit cost inflation. We have just announced another round of pricing in the U.S. to reflect continued inflation and positive impact of our commodities coverage in 2022 seizing current spot levels in 2023. While we successfully concluded our European pricing with disruption below our anticipated levels, inflation continues to be a concern in Europe, particularly with energy, that despite some EU-driven measures is still a significant headwind. Energies has broad repercussions, both on pack cost and other raw materials. We expect another round of pricing in Europe as we enter next year. Our EPS outlook also now factors in $0.26 of headwinds related to ForEx impact. $0.19 of this amount have already been included in our first three quarters. At current ForEx levels and outlook, EPS in reported dollars would be positive year-on-year, which shows the resilience of our business. With that, let's open it up for questions. Shep Dunlap: Operator, we're ready for the first question. Luca Zaramella: Operator? Operator: Our first question comes from Bryan Spillane of Bank of America. Bryan Spillane : All right. Great. Maybe just to start off, Dirk, we've -- obviously, there's been a lot of questions in our world around just current events, current affairs. So could you just give us maybe a little bit of a -- as-you-see-it-now kind of the state of the union in some of your key markets and just how the consumer is holding up and just how all these macro pressu”