“I can tell you that sequentially the gross margin percentage albeit, I don't like talking about it, should improve throughout the year.”

In context

“ng about pricing and percentage margins, in the quarter. I think it was an $81 million hit to operating income from currencies, which it was like $0.06 of the $0.09 for the year. I'm assuming it's a little bit of a bigger hit at the gross profit line. We were thinking somewhere between 90 to a 100 basis points, maybe a gross margin. So I guess as we're thinking about margin progression, percentage margins and gross profit dollars. It seems like this is the worst of it, right, unless things change in this quarter in terms of the FX piece and like one tailwind we should see, assuming other things hold is it just that drag from foreign exchange should become a lot less severe as we move through especially the second half. Just want make sure I'm thinking about that correctly. Luca Zaramella: I can tell you that sequentially the gross margin percentage albeit, I don't like talking about it, should improve throughout the year. Obviously today, if I look at gross margin and gross profit dollar growth throughout North America, Latin America, and as I said a good portion of AMEA, I'm very happy with the numbers I'm seeing. Europe is still impacted by the fact that there is 20% of pricing to go. And as we implement that the situation should sequentially improve. Bryan Spillane: Okay, but the FX drag should -- again assuming things don't change from here, the FX drag should become less of a -- much less of an impact that it has been? Luca Zaramella: Absolutely, it should. Bryan Spillane: Okay, all right. Cool, thanks. Dirk Van de Put: You’re welcome. Luca Zaramella: Thank you. Operator: And we'll take our next question from David Palmer with Evercore ISI. David Palmer: Thank you. Strong results in so many areas, but”