Organic Net Revenue increased by 4.2% year-over-year, primarily driven by higher net pricing, partially offset by unfavorable volume/mix.

The divestiture of the developed market gum business in 2023 resulted in a year-over-year reduction in net revenues of $147 million.

The company's strategy focuses on accelerating consumer-centric growth and driving operational excellence, with an emphasis on pricing and growth in emerging markets.

Adjusted EPS increased by 10.5% year-over-year, driven by operating gains, lower interest expense, and fewer shares outstanding, partially offset by unfavorable currency impacts and higher taxes.

The Simplify to Grow program continues to impact results, with restructuring and implementation costs affecting operating income.

Management continues to proactively manage the business in response to the evolving global economic environment, related uncertainty, and business risks, while prioritizing employees and customers.

The company acknowledges significant market and geopolitical uncertainty, inflationary pressures, supply constraints, and exchange rate volatility as ongoing risks.

The company highlights the significant increase in cocoa bean prices and the potential impact on profitability due to supply chain disruptions and other factors.

The company continues to evaluate the situation in Ukraine and Russia, and the potential impact on its operations and assets, while complying with international sanctions.

While higher net pricing drove revenue growth, the company experienced unfavorable volume/mix across several regions, indicating potential competitive pressures or shifts in consumer demand.

Geopolitical events in the Middle East and Southeast Asia impacted volume/mix in the AMEA region.

Unfavorable volume/mix in Europe was driven by customer price negotiation disruptions.

The company saw lower manufacturing costs driven by productivity improvements, partially offsetting higher raw material costs.

Implementation costs for the Simplify to Grow program, which aims to transform the supply chain, continue to impact operating results.

The company experienced higher advertising and consumer promotion costs, indicating increased investment in brand building and marketing.

The 10-Q does not provide specific details on R&D investments or technological developments during the quarter.

The company's Simplify to Grow program aims to transform the supply chain and implement new product manufacturing processes, indicating a focus on operational technology.

The 10-Q does not provide specific details on digital transformation efforts.

The company repurchased $563 million of common stock during the quarter, with $3.9 billion remaining under the current authorization.

The company paid dividends of $578 million in the first quarter of 2024, reflecting a commitment to shareholder returns.

The company expects capital expenditures to be up to $1.5 billion in 2024, including investments in the Simplify to Grow program and strategic priorities.

The 10-Q does not provide specific details on environmental, social, or governance initiatives during the quarter.

The Simplify to Grow program includes a focus on transforming the supply chain, which may have implications for sustainability.

The 10-Q does not provide specific details on sustainability risks and opportunities.

Unfavorable currency translation rate changes negatively impacted net revenues and operating income, due to the strength of the U.S. dollar relative to several currencies.

The company continues to observe significant market and geopolitical uncertainty, inflationary pressures, and supply constraints impacting operating costs.

Geopolitical events in the Middle East and Southeast Asia impacted volume/mix in the AMEA region.