Alexia Howard

“You talked earlier about winning with customers that are growing more rapidly in North America. Can you talk about how you identify those customers that are likely to do better in this current environment?”

“Can I focus in on the U.S. consumer business once again? You mentioned a couple of actions that you're taking, and maybe you could just provide a little more elaboration there.”

“So you've talked about the three times being the long-term target, and I think it increased a little bit this quarter, just close to four times. I think you're saying that you'll still probably be at four times by the end of the year, or you've said through fiscal 27 it will remain at this four times.”

“Can I just start with the marketing spend question? And the – you said that the marketing spend was up significantly this quarter. How much is it up year on year?”

“I mean, it's obviously had incredible momentum over the last few years. 23% growth this quarter is obviously still incredibly impressive, although it's a bit of a slowdown, I think, from where we were a couple of quarters ago.”