H1 2025 Earnings Call August 1, 2025 4:30 AM ETCompany ParticipantsMatthew Gregory - CFO & Executive DirectorPeter G.

Background The evidence on associations between ultra-processed foods (UPF) and lung cancer risk is limited and inconsistent.

Revenue of $5.25 billion increased 8.1% year-over-year or 7.2% in constant currency1, above the high end of our guidance range Operating margin of 15.6% increased 100 basis points year-over-year ...