Says volume shares "holding globally." Seeing acceleration of volume share in U.S. Says U.S. consumer "steady." Says seeing "strong growth" on top end of portfolio. Says has "high confidence" in growth potential. Says no one really understands the recovery rate in China. Says China continues to be an important market, but recovery process "uncertain." Says India business "continues to accelerate." Says overall current ad spend "sufficient" to support brands. Says not counting on major reductions in SG&A expenses. Says continues to see more favorable price elasticity than history would suggest.
Published first on TheFly
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