“I think we will have a very good situation in terms of profitability at the end of the year in terms of GP dollars and that will put us in a good position to grow earnings into 2026.”

In context

“impacted. But importantly, we are sitting down with suppliers and trying to negotiate a more benign impact than we see. That impact is going to get into the P&L in Q4, specifically in North America as a driver. But in the big scheme of things, I would say, not a major deal, and something that most likely we'll be able to manage through several things that we are working on. Cadence wise, I remind you that percentage margins in this context is quite misleading. I think you saw that pricing in chocolate is up meaningfully. Total revenue was up 10%. So percentage margins as we price away absolute dollars will get diluted. But importantly, as we mentioned many, many times, we will be looking at chocolate margin per kilo as we exit 2025. And if we have done a good job in managing elasticities, I think we will have a very good situation in terms of profitability at the end of the year in terms of GP dollars and that will put us in a good position to grow earnings into 2026. Megan Clapp: Great. That's really helpful. And maybe just a follow-up for you, Dirk, on biscuits in the US. Clearly, probably a theme that we've heard and we'll continue to hear throughout the earnings season as it relates to softness in the US. But you did -- you have made a lot of progress over the last couple of quarters on your share. But at the same time, you're a category leader. So just wondering if you could expand a bit about how you saw the quarter play out in the US. Maybe what you've seen as we've moved through Easter and whether you think there's further things you need to do to address just the category softness in particular. Thank you. Dirk Van De Put: Yes. So I think what's going on is that the consumer feels very uncertain about the future. And as a consequence, they are”