Shares rose 7.1% following better-than-expected top-line growth driven by strong emerging markets performance and accelerating momentum in North America, supported by disciplined promotional execution and successful innovation.
- Emerging markets revenue grew 4.4% with strong volume expansion, benefiting from widened distribution (e.g., +100,000 stores added in India) and stable consumer confidence in key countries like India, Brazil, and Mexico.
- North America showed sequential acceleration in net revenue growth and positive volume/mix, gaining share across all categories despite ongoing consumer affordability concerns and inflationary pressures.
- The ventures portfolio, including Perfect Snacks and States You, delivered mid-to-high single-digit growth, particularly in value channels and away-from-home segments.
- Innovation continues to contribute, with new product launches such as Ritz Drizzled, Sour Patch Kids chews, Oreo innovations, and Zbar fueling growth and share gains.
- Management is increasing reinvestment behind promotional activities and innovation, projecting a strong second half driven by sustained channel momentum and pricing discipline.
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