“Now that pricing is implemented, we expect improvements in Europe too.”

In context

“in the quarter by customer disruption are on a solid trajectory. For both we expect good volume momentum as we move forward in the year now that negotiations in Europe are behind us. Gum and Candy grew more than 30% with trends across our business units especially in emerging markets. Now let's review market and share performance on slide 13. We held or gained share in 70% of our revenue base. The US continues to make service-level improvements and ended Q2 with good on-shelf availability and inventory levels. Moving to page 14. We deliver more than $540 million in gross profit growth or 20% in Q2 driven by top-line productivity and cost discipline. This also resulted in year-over-year gross margin expansion in all regions except Europe, which was impacted by expected customer disruption. Now that pricing is implemented, we expect improvements in Europe too. This growth provides significant fuel to invest behind our brands as well as significant earnings flow through. Moving to regional performance on slide 15. We delivered double-digit revenue growth in all regions, while also delivering volume mix increases in all regions, but Europe that got impacted by pricing-related disruption. This growth translated into operating leverage, NOI dollar growth across the board. Europe grew plus 13.1% with double-digit OI growth. Importantly, pricing has now been lending and we expect that this will lead to a better second half volume and margin performance. Overall, the consumer remains resilient with elasticity is holding up relatively well in chocolate and biscuit, while we saw some incremental elasticity in part of our cheese and grocery business. Nor”