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Management attributed the 7% revenue growth in the first half to robust international performance and a strategic pivot toward volume growth in the U.S. food business.
The U.S. turnaround is being driven by two primary pillars: targeted affordability investments and the expansion of the 'permissible' and portion-control portfolio.
A significant slowdown in U.S. impulse channels, particularly convenience and gas, was linked to higher gasoline prices impacting consumer conversion rates.
International business has reached a scale of approximately $40 billion, providing critical diversification and margin accretion that offsets domestic volatility.
Management attributed the 7% revenue growth in the first half to robust international performance and a strategic pivot toward volume growth in the U.S. food business.
The U.S. turnaround is being driven by two primary pillars: targeted affordability investments and the expansion of the 'permissible' and portion-control portfolio.
A significant slowdown in U.S. impulse channels, particularly convenience and gas, was linked to higher gasoline prices impacting consumer conversion rates.
International business has reached a scale of approximately $40 billion, providing critical diversification and margin accretion that offsets domestic volatility.
18 days ago
