1、Financial presentationto accompany management commentaryFY25 Q3The following guidance reflects the Companys expectations for 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 the changes in fair valu
2、e of the Companys equity and other investments.Growth rates reflect an adjusted basis for prior year results.Fiscal Year 2025The Companys 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
3、 full year guidance assumes a generally stable consumer and continued pressure from its mix of products and formats globally.Consolidated MetricFY 2025 as of Nov.19,2024FY 2025 as of Aug.15,2024FY 2025 as of Feb.20,2024Net sales(cc)Increase 4.8%to 5.1%Increase 3.75%to 4.75%Increase 3.0%to 4.0%Adj.op
4、erating income(cc)Increase 8.5%to 9.25%Increase 6.5%to 8.0%Increase 4.0%to 6.0%Interest,netApproximately flat to last yearIncrease approximately$100MIncrease approximately$100M to$200MEffective tax rateApproximately 24.5%Lower-end of original guidanceApproximately 25.0%to 26.0%Non-controlling intere
5、stUnchanged from original guidance Unchanged from original guidance Relatively flatAdjusted EPS$2.42 to$2.47$2.35 to$2.43$2.23 to$2.37Capital expendituresUnchanged from original guidance Unchanged from original guidance Approximately 3.0%to 3.5%of net sales1For relevant reconciliations,see Q4 FY24 e
6、arnings release furnished on Form 8-K on February 20,2024.Per share amounts have been retroactively adjusted to reflect the February 23,2024 stock split.cc=constant currencyGuidance2Total revenues(cc)1$170.8 billion,up+6.2%Amounts in billions,except as noted.Dollar changes may not recalculate due to