“In terms of key assumptions, inflation is still expected to increase double-digit for 2023, driven by elevated cost in packaging energy ingredients and labor while lapping favorable hedges in 2022.”

In context

“equal combination of an outright sale and options at an only net discount of 2% to 3% versus the JDE stock price at the time of the transaction. Options had maturity, which is about six months. Both transactions, put us in a good spot in terms of our leverage and debt profile, and together with the expected proceeds of developed market gum, pretty much balanced the outflows related to the acquisition of Clif and Ricolino. Turning to our outlook on page 20, given the strength of our Q1 results and the overall operating environment across our business we are raising our full-year outlook for revenue growth and EPS. We now expect top line growth of 10% plus, versus our original outlook of 5% to 7%. EPS growth is expected to be 10% plus versus our previous outlook of high-single-digit growth. In terms of key assumptions, inflation is still expected to increase double-digit for 2023, driven by elevated cost in packaging energy ingredients and labor while lapping favorable hedges in 2022. In terms of interest expenses, we now expect $400 million for the year, given recent coffee transactions. We now expect $0.09 of EPS of headwinds related to ForEx impact for the year versus $0.04 in our previous outlook. The outlook revision reflect our increased confidence in another exceptionally strong year given the resilience of consumer consumption in our categories, more benign elasticities than we planned and share dynamics in enough to, as well as lower actual disruption and better environment in Europe. Having said that, we might have some more disruption for the remaining pricing, which will potentially affect Q2. Finally, continued strength in our emerging markets is what supports our improved guidance. This current outlook does not consider a material deterioration of geopoli”