Market RisksKey risks include weaker-than-expected consumption, volatility in raw material prices, keen competition, and execution risks on mergers and acquisitions.
Sales PerformanceManagement anticipates flat or slightly higher year-over-year sales in the second half, resulting in a mid-single-digit decline for the full year.
Sales ResultsFirst half results fell below expectations due to weaker-than-expected sales, despite an expansion in gross margin from lower raw milk prices.