“Having said that, we might have some more disruption for the remaining pricing, which will potentially affect Q2.”

In context

“s 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 geopolitical environment surrounding some areas of our business. With that, let's open the line for questions. Operator: Thank you. [Operator Instructions] And we'll take our first question from Andrew Lazar with Barclays. Andrew Lazar: Thanks. Good afternoon, everybody. Dirk Van de Put: Hi, Andrew. Luca Zaramella: Hi, Andrew. Andrew Lazar: I guess first-off, Dirk. I was hoping you could double click a little bit on the emerging markets performance, which was obviously dramatically better than I think most certainly modeled and were expecting. Organic sales were up 25% and I guess I'm just looking for some color on some key drivers”