Financial PerformanceVolume declined 3.1% year-over-year in North & Central America, reversing previous trends due to economic pressure on lower-end consumers and continuing softness in the US domestic beer market.
Market ConditionsSouth America shipments fell 10.0%, primarily due to disruptive economic and operating conditions in Argentina, affecting overall performance.
Strategic ChallengesThe cups business has not performed well, prompting management to explore strategic alternatives such as a sale, joint venture, or right-sizing, to mitigate a significant financial loss.