- Net revenue increased 8.5% and organic revenue2 increased 2.6% • Earnings per share (EPS) increased 27%
- Core2 EPS increased 9%
- Core constant currency2 EPS increased 5%
- Company affirms fiscal 2026 financial guidance
“We are pleased with our first-quarter results, which featured an acceleration in both net revenue and organic revenue growth – with a notable improvement in convenient foods organic volume. An extensive commercial agenda, which includes the restaging of large global brands, innovation activity and certain affordability initiatives, is being executed well and business performance improved,” said Chairman and CEO, Ramon Laguarta.
Laguarta continued, “We are encouraged with the resilience of the International business while North America continued to make progress in the first quarter. As we look ahead, we aim to successfully execute our commercial plans and tightly manage costs to help fund investments to accelerate growth. Therefore, we are affirming fiscal 2026 financial guidance and expected cash returns to shareholders – including the previously announced 4 percent increase in the annualized dividend per share beginning with the June 2026 payment, which will represent our 54th consecutive annual increase.”
For the full earnings release, please go here.