“There might be more selective price that we will be doing in light of height and cocoa, but no major deviations are expected on this front.”

In context

“and the share pressure that we see are clearly giving us an indication of what has to change. And we truly believe that hitting those price points is going to result in positive outcomes. And again, we start seeing some green shots in the category and in our brands. The third element is that while I do not like to talk much about lapping, last year for the second part of the year, we discontinued some product lines that were material in volume for the give and go business. And I think from now we will be comparing more to a clean base. And so I think that's the third element to bear in mind. I think all in all we have at this point, line of sight to the upper end of our revenue guidance for the year. As far as EPS goes, importantly, we have landed the price in line with our expectations. There might be more selective price that we will be doing in light of height and cocoa, but no major deviations are expected on this front. Our commodity cost for the year is almost 100% locked, so no surprises expected on that front either. As I mentioned a few times, just bear in mind that we bought cocoa quite well for this year and that year-to-date cocoa costs are meaningfully better than the 2024 average. So there is more cost coming in the second half [although] (ph) the EPS guidance being kept in line despite the very strong results here today. We will continue to invest in working media in line with the first part of the year, but we will also start optimizing as we discussed a few times the non-working media which is still an opportunity in this outlook. And finally, we will continue to pursue cost measures and productivity. So all in all, we believe reaffirming guidance is the right thing to do. And again, July is”