Kaumil Gajrawala

what gives you the confidence that inventory shouldn't bounce back or that there should be a restock

for how long can that continue? Maybe there's a little promotional activity

There's been some kind of debate about the category, the pet food category in general on -- if it had been fading

do you feel like you have a sense of the sort of why behind the slowdown in February

If you could just talk a bit about the what's going on with volumes, particularly in Europe, is this something cyclical

Can you maybe just talk about what you should be able to do now, what you see, maybe some cadence of benefits that flow through

When you're making adjustments for it, how do you feel about your market shares? Are they trending in a direction that you prefer the opposite?

when I look between divisions, and I see that how much more it seemed to impact households than some of the other divisions

Can you maybe just give some more details on this 1% to 2% from turning ERP on, just -- I just don't -- I guess, I don't understand how it works from a practical perspective.

I was asking about ERP and what you've learned so far from Canada and what the timeline looks like for the U.S.

as you're thinking about how to get the consumer to come back, promos is a piece of it, but I suppose marketing is also quite a large piece of it

Is that total company guidance? Or is it, I guess, legacy KDP?

Why were they the best partners? I believe they have a Board member coming on

Do you have as much infrastructure as is necessary to be able to take on a brand of that size?

Blackberry is already 1% market share and was only lost in February. How big of a contributor will it be for the year?

the new, at least big, hot thing seems to be around modern soda. There's been some transactions in the place

Can we dig a little more maybe on the consumer and CPG, particularly in the U.S. and Europe

Can you maybe just talk about the operating leverage across the P&L given how much has changed so far

since John and James your arrival, it's been about dollar based growth and worked very hard to be able to grow earnings in dollar terms

can you maybe just talk about how you think about cash or capital allocation when you're on the other side of it

A question on the contribution of affordable energy around the world and its sort of impact on margins

You mentioned a bit about supply chain optimization and maybe some purchase timing from bottlers having an impact on the Q1 number

you had mentioned the very substantial increase in the number of occasions. Can you maybe dig into that a little bit more

is this within the salty-snack aisle, or with the incremental shelf space, maybe in other parts of the store

To what degree are you open to the idea of franchising some of these operations on the beverage side

that was quite the tease on the big launch in protein. There is anything you could add

what do you think about the launch of GLP-1 oral medications coming to market next year

I just wonder if these restructurings are maybe a prelude to something bigger down the road or maybe what's your appetite for that

we're starting to see some public companies, especially in their filings, talk about potential tariff refunds

it's not just commodity costs, but all the other sort of things that come with it as part of that $1 billion

to the extent that you're able to calculate what actual usage is in the households, has that sort of trended off

Was there anything onetime in there as it relates to sort of a near-term benefit from flipping

is there a bit of a philosophical pivot or shift in any way that would be related to the timing of this

is it slowing your, you know, the pace of innovation rollouts or expectations from contribution of those innovations

if we can maybe dig in a little bit more on consumer health or healthcare, it's -- the comp was a bit easier

what can you do about it if they don't have as much money, they're not as willing to go out

now that you're there, what the appetite is for more aggressively repurchasing shares

Are there any sort of big risks or big sort of things that you're thinking about, you really want to sort of go for in this first 12 months?

we're maybe getting the earliest signs of maybe increased promotional activity or increased focus on value in some way