Quarterly guidance

Quarterly guidance
Top-line expectations hold robust, but margin performance is expected to be below previous expectations due to higher input costs and mix headwinds.

Annual guidance

Annual guidance
No complete view for full-year 2027 expectations was provided; details will be shared in February.

Outlook

Input costs
Input costs are trending higher as 6-to-12-month hedges roll off, creating cost pressures in the fourth quarter and into the first half of next year.
Consumer environment
The consumer environment remains challenged, requiring a continued focus on value, affordability, and appropriate price points.
Investment strategy
Management intends to sustain key investments in advertising and marketing to build momentum entering 2027.
Structural productivity
The company is identifying structural cost reduction areas and utilizing revenue management tools to mitigate margin pressure.