“I said it a few times, we continued to be obsessed with dollar growth in cash and there might be some pressure in percentage terms, particularly in the next couple of quarters, but sequentially we will be much better throughout the year and we plan to end, clearly on the gross margin percentage positivity.”

In context

“I think it is very early for us to guide you to something that is materially better than what we are saying at this point, but if everything plays out we might have further opportunities. I think the other one I want to hit briefly on which is the assumptions that we're making around commodities. We still see double-digit inflation rate in 2023, with obviously energy sugar ingredient posing most of the pressure. A good part of these inflationary pressures as I reminded these audience a few times, it is due to the favorable coverage we had in 2022. But in general, overall cost are not coming down materially. The most recent spikes in terms of cocoa and sugar prices are offsetting some of the other benefits that we see. I think you might have in the back of your mind percentage margins too. I said it a few times, we continued to be obsessed with dollar growth in cash and there might be some pressure in percentage terms, particularly in the next couple of quarters, but sequentially we will be much better throughout the year and we plan to end, clearly on the gross margin percentage positivity. But reality is we've driving a strategy that has being proven to be compelling for everyone. I said this about dollar growth. Andrew Lazar: Great, thank you so much for that. Dirk Van de Put: Thank you, Andrew. Operator: And we'll take our next question from Ken Goldman with JPMorgan. Ken Goldman: Hey, thank you. I wanted to ask you, most companies that we cover or at least that I cover now, pricing is exceeding their COGS inflation. For you it's still not a full offset. I think you mentioned that it was only a partial offset to the inflation. So I'm just curious, is there point this year when you do get pricing ahead of inflation? Is there any way to kind of forecast that? I just wanted to kind of get a sense of how we think about some of those potential tailwinds ahead, from that perspe”