“But we also don't assume that that inventory that we lost in Q3 will come back because we believe it's an outcome of the consumer shifting into channels that are more inventory efficient.”

In context

“onfidence that things might accelerate a bit in Q4 versus Q3? Thanks. Andre Schulten: Good morning, Bonnie. You're right. We are planning for a wide outcome in Q4, which is reflective of the comments I just made in terms of market growth assumptions. That really is the highest level of variability that we see. In the current guide, as I had in the prepared remarks, has a wide range from 0.5, I think, to 4.5 in the next quarter. Is indicative of the uncertainty we see from a consumer behavior standpoint. The one uncertainty we believe that has impacted us in Q3 that is no longer part of the range that we're providing is inventory. We feel that consumption is now moving again in line with inventory consumption is moving in line with shipments. So no inventory destabilization in the quarter. But we also don't assume that that inventory that we lost in Q3 will come back because we believe it's an outcome of the consumer shifting into channels that are more inventory efficient. So the guide for the quarter is wide. We believe it appropriately reflects the range of outcomes we see and appropriately has risk protection for that range. Operator: Our next question will come from Mark Astrachan of Stifel. Please go ahead. Mark Astrachan: Jeff, thanks and good morning, everybody. I wanted to go back to your commentary, Andre, about the shifting consumer in terms of where they're purchasing. You called out club. You called out more mass channels. I don't think that's especially new. But I guess are you seeing acceleration in the most recent quarter as sort of one and then two, if not directionally new, meaning that the consumer has been shifting to Walmart or Costco or club channels, in general, does that change the way that the company approaches selling into those ch”