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1、Financial presentationto accompany management commentaryFY25 Q2The following guidance reflects the Companys expectations for the third quarter and fiscal year 2025 and is provided on a non-GAAP basis as the Company cannot predict certain elements that are included in reported GAAP results,such as th

2、e changes in fair value of the Companys equity and other investments.Growth rates reflect an adjusted basis for prior year results.Third QuarterThe Companys fiscal third quarter guidance is based on the following FY24 Q3 figures:Net Sales:$159.4 billion,operating income:$6.2 billion,and adjusted EPS

3、1:$0.51.Guidance contemplates the impact of timing of festive events in the Companys international segment and the timing of planned expenses.MetricQ3Consolidated net sales(cc)Increase 3.25%to 4.25%Consolidated operating income(cc)Increase 3.0%to 4.5%Adjusted EPS$0.51 to$0.52Fiscal Year 2025The Comp

4、anys fiscal year guidance is based on the following FY24 figures:Net sales:$642.6 billion,adjusted operating income1:$27.1 billion,and adjusted EPS1:$2.22.The Companys full year guidance assumes a generally stable consumer and continued pressure from its mix of products and formats globally.MetricFY

5、 2025(updated)FY 2025(original)Consolidated net sales(cc)Increase 3.75%to 4.75%Increase 3.0%to 4.0%Consolidated adj.operating income(cc)Increase 6.5%to 8.0%Increase 4.0%to 6.0%Interest,netIncrease approximately$100MIncrease approximately$100M to$200MEffective tax rateLower-end of original guidanceAp

6、proximately 25.0%to 26.0%Non-controlling interestUnchanged from original guidanceRelatively flatAdjusted EPS$2.35 to$2.43$2.23 to$2.37Capital expendituresUnchanged from original guidanceApproximately 3.0%to 3.5%of net sales1For relevant reconciliations,see Q3 FY24 and Q4 FY24 earnings releases furni