“On the bottom-line, our core EPS guidance range for fiscal 2025 remains at growth of 5% to 7% versus fiscal 2024 core EPS of $6.59.”

In context

“tom-line growth and value-creation. With that, I'll hand it back to Andre to discuss guidance. Andre Schulten: Thank you, Jon. So with half of the fiscal year complete, our guidance ranges for fiscal 2025 are unchanged and remain consistent with our long-term algorithm. We've highlighted, we continue to expect the environment around us to remain volatile and challenging from input costs, to currencies, to consumer, competitor, retailer and geopolitical dynamics. On the top-line, we are maintaining our organic sales growth guidance in the range of 3% to 5%. We continue to expect the markets in which we compete to deliver local-currency sales growth in the range of 3% to 4% for the year and our objective remains to grow organic sales modestly ahead of the underlying growth of these markets. On the bottom-line, our core EPS guidance range for fiscal 2025 remains at growth of 5% to 7% versus fiscal 2024 core EPS of $6.59. This guidance equates to a range of $6.91 to $7.05 per share. Our outlook for commodity costs remains consistent with our most recent guidance, expecting a commodity cost headwind of approximately $200 million after tax, which equates to a headwind of $0.08 per share for fiscal 2025. Since last earnings, foreign-exchange rates have moved sharply against us, we are now expecting a headwind of approximately $300 million after tax, which equates to a headwind of $0.12 per share for fiscal 2025. We continue to expect lower non-operating income benefits this fiscal year and a somewhat higher tax-rate versus the prior year. Combined, these additional headwinds amount to $0.10 to $0.12 to core EPS on-top of the commodities and FX headwinds I mentioned. With projected softer market growth and str”