“We believe this dynamic will begin to moderate in the second quarter and the remainder of the year.”

In context

“sure our offers and activations continue to provide value to this consumer's cohort. And we continue to build that into our plans moving forward. We remain encouraged by our activation plans in key products such as OREO, TDP expansion and growth channels as we move through the year. North America OI increased by 2.1%. AMEA grew 5.9% for the quarter. China delivered another strong quarter with low double-digit growth fueled by initiatives to enhance brand equity in OREO, Chips Ahoy! and Stride. India grew high single digits driven by continued strength in chocolate and distribution gains. While Australia, New Zealand and Japan also delivered a robust quarter for growth, coupled with strong share gains. Like last quarter, volume cost in the Middle East and Southeast Asia impacted results. We believe this dynamic will begin to moderate in the second quarter and the remainder of the year. AMEA increased OI dollars by 20.2%, continuing a strong track record of top and bottom line growth. Latin America grew 7.1% with strong price execution and a slight volume/mix decline of minus 1.2%. It's important to note that Argentina is now capped at 26%. And this is not reflected in the base year comparison for Latin America. Argentina contributed more than 11 points to Latin America growth in Q1 '23 but only 1.8 points in Q1 '24. So we expect the underlying growth rate in Lat Am to appear understated for this year. Having said that, reported dollars growth continue to be strong for this segment. Volume/mix was softer in the quarter primarily due to some product availability in Mexico associated with the Ricolino that resulted in some production temporary slowdowns. These issues are”