Filippo Falorni

you had a 40 basis points of gross margin expansion in the quarter. Is the expectation for the year of still seeing some gross margin expansion on a full year basis?

can you expand a little bit more in kind of the European weakness?

do you see any risk that there might be like a negative impact or like you feel like you're going to exit the year with a more normalized basis?

it seems like it was a pretty significant contributor to organic sales in this quarter. And if I look on a segment basis, it looks -- it was mainly in emerging markets

you showed us the chart that shows the value part of laundry outperforming the premium. Like it's been going on for a couple of quarters

Did you see any impact in Q3 and you're assuming no impact in Q4?

What are really the countries that are getting impacted within the $30 million?

within the organic sales guidance of 0% to 2%, can you give us a sense of what you're assuming for the full year for volume and price

you mentioned the €30 million net tariff impact after the mitigation -- is that what is embedded in the gross margin and EPS guidance?

I was hoping you can give a little more color on the cost inflation that is currently embedded in guidance

can you first talk a bit about what you're seeing from a macro standpoint, especially in big countries like Brazil, Mexico

you mentioned the GST tax change, obviously, impact on India. Any sense of quantifying that impact also

Can you give us a sense within the raw material cost, what is driving the increase?

how you think the pricing contribution to organic sales can evolve

building flexibility not only on the P&L but also on the balance sheet. So just curious on capital allocation

I was hoping you can talk about the shelf space gains that you realized so far versus expectations

how are you thinking in terms of order of importance between cost savings, potential from pricing and any other levers

So should we think how should we think about pricing in the second half of the year? Do we still see a flattish for the total company, or could could it be some more price intervention?

Can you give us a little bit more color on what categories the innovation is going, what's differentiated?

Can you tell us a little bit about what category growth are you assuming within that guidance from an organic sales standpoint?

On the tariff front, what are your expectations in terms of tariff impact for fiscal '26.

how should we think about like your underlying opportunity from an organic sales standpoint if we think about exiting fiscal '25 and into '26?

can you give us a sense of, like, what the gross impact from tariff that you're expecting and your plan to mitigate that impact?

is this increasing promotional activity more than what you were expecting? Like does it -- does it require incremental spending from you guys in the back half?

on the Q2 organic sales, the beat relative to your guidance, was that entirely driven by the Kingsford shipment or any size of the benefit from the Kingsford shipment?

In Glad, it seems if you look at track channel data, it seems you've recovered a lot of your shelf space with their introduction of the large pack sizes

where you see the biggest opportunity in terms of improvement in market share

I was hoping you could expand a bit on the Travel Retail business, if you can give us a state of the union of the total Travel Retail business

Can you just discuss your outlook for the year? Is it broadly unchanged, both at the gross and operating margin

what are your expectation for savings for fiscal 2025 relative to your total program

Can you comment a bit on the shelf space gains that you're realizing in the spring resets?

when, based on your hedging, should we start to see some more relief, from the commodity? Is it really late in 2026?

I wanted to get your perspective just on the protein beverage space. You talked in the past as an area of opportunity

I was wondering if you can provide a little bit more color on kind of the cadence of coffee going forward

I wanted to ask about the puts and takes for gross margins in 2025? Obviously, we talked a lot about green coffee

I was hoping you can touch a bit more on the North America business, solid performance on volume to start the year

you have incremental fairlife capacity coming in early in the year

I wanted to ask about the refranchising efforts given this morning announcement on CCBA

any thoughts on the outlook as you move forward in the back half especially on two points, the QSR and the away from home channel

what are the portion of your business where you're actually seeing the tariff implication impacting your business

I wanted to ask you your thoughts on just the global trade environment, obviously, with tariff coming more into play here

Is the expectation of a continuation of this low single-digit declines in the back half or could you see a return to positive

can you talk about like the benefits that you saw from the high incidence in the US causing flu

in terms of like the negative impacts that you saw in Q4 both on cold and flu and essential health, can you give us a sense of like what is the contribution of the drag in Q1

can you walk us through like what impact are you expecting going forward and how long it would take you to fix the disruptions that you called out

Hilton, I'd love to get your perspective on the U.S. energy drink category for 2026

How should we think about those contributions going forward? And then on the aluminum side, clearly the Midwest premium has gone up quite a bit

how should we think about the relative size of distribution gains and the contribution from innovation in Q2 versus Q1

Can you walk us through like the drivers of the acceleration throughout the year

can you give us a sense of the health of the consumer in some of those countries

Can you give us a sense of how big is away-from-home, both for the beverage side and the food side

could talk a bit about the expectations for the international business going forward; clearly, solid 5% growth in the quarter

Can you comment how much is the international contribution versus the North America expectations

I wanted to ask about your enterprise market business. I think you mentioned 5% growth in the quarter

For the second half of the year, is it the right expectation to think that we should see an improving margin trajectory

why do you think we've seen this more pronounced deceleration over the last 2 quarters

Wanted to ask a broader question around brand sentiment towards American brands around the world.

Maybe can you give a little more color on Latin America? How is the consumer general health there in key countries

you're thinking about 9.5% of sales on marketing. How should we think about the cadence throughout the year

you have also some negative mix from package types. Can you discuss like how you're thinking that would evolve going forward

Any sense of what's the target for the year, and if you can give a little bit more color on the opportunities there on the beer cost saving front

Are you seeing -- how are you seeing the pricing implemented this year being taken in the market

I assume there's a little bit less fixed cost leverage, although still positive. So can you help me understand what are the offset

as you look a little bit ahead in terms of the beer margin opportunity, can you talk a little bit about the opportunities from pricing, commodities and also some of the FX consideration

How should we think about those savings in the second half of the year, and maybe other drivers

Just what are your expectations as we move forward into the summer, especially with the World Cup and the Americas 250?

Should we expect more initiatives like that from also causing in the future, to your point, as a way to fill some gaps in a capital-efficient way?

can you talk about like the other drivers of the big margin contraction that is embedded in your guidance in terms of volume deleverage, SG&A for the back half of the year?

Do you think like a decline more in the 3% to 4%? It's possible for a category that's like more of a down 1 or 2

can you provide some context of the puts and takes in terms of pricing, mix benefits and commodity inflation