“And while recent consumer trends and FX rates make the balance of the year more challenging, we continue to expect stronger results in the second half.”

In context

“on. Jon Moeller: Thanks, Andre. Our team continues to execute our strategy with excellence, enabling strong results over the past six-plus years, pre-COVID, during COVID, through a historic inflationary and pricing cycle and through geopolitical tensions. They've now delivered 26 consecutive quarters of 2% or better organic sales growth, averaging 5.5% organic sales growth over those 6.5 years. We've now delivered 8.5 fiscal years of 2% or better core earnings per share growth, averaging nearly 8% over that period. This is the type of long-term -- sorry, turning to my page here, balanced top and bottom-line growth we strive to deliver, solid consistent growth overtime. As we expected, heading into the fiscal year, first-half results were below the guidance ranges we set for the full-year. And while recent consumer trends and FX rates make the balance of the year more challenging, we continue to expect stronger results in the second half. Andre will discuss this more in the guidance update. We remain committed to the integrated strategy that has enabled our strong results and that is the foundation for balanced growth and value-creation. We highlighted many of the reasons we're confident in this strategy at our Investor Day in November. If you weren't able to attend, I encourage you to listen to the replay on our IR website. To recap, we remain very disciplined in our portfolio choices, including some moves over the past year to strengthen our ability to generate US dollar-based returns. We're doubling down on superiority across all five vectors. No single vector of superiority can carry the day itself. It's all five together. The innovation plans to create and extend superiority across the business are very strong and we”