“I believe that you will see some very good results coming from China in the second half of the year.”

In context

“d better on our digital commerce. And I think the gum category will really rebound in the coming months, and that will be a boost to our growth there. As it relates to the consumer, the consumer is clearly -- the confidence is going up. But certainly, they are not yet to the bullishness that they had pre-pandemic. They're not cutting back on volumes, but they are clearly shopping around more, trying to find better deals, and they're also trading up and down as it relates to the pack size. We also see a shift to smaller stores because the quantity that they buy is smaller and they shop with more frequency. So I would say we are very encouraged by our China business. We have several fronts that allow us to grow. We've done that in the previous years. Those fronts have not been affected. And I believe that you will see some very good results coming from China in the second half of the year. Michael Lavery: That's great color. Thanks so much. Michael Lavery: Okay. Well, thank you. With that, I think we can conclude the call for the second quarter. Thank you so much for assisting and thank you for the confidence in the company. Luca Zaramella : Thank you, everyone. Operator: This does conclude today's program. Thank you for your participation, and you may disconnect at any time.”