There’s another piece as well, which is a cascade from away from home to in-home. And some of the surveys that I’ve looked at recently is if you are pinched — these are consumer surveys, if you’re pinched, what do you give up first? And what the consumer gives up first is dining out of home and travel. And so, I think that what happens is that moves those occasions in home where we benefit from them. And if you could take a look at the broad portfolio across all formats, but also specifically within coffee, we’ve been working really hard to provide similar options to produce specialty coffee, cold coffee, coffee any form that they get out of home in home. And so, I actually think that’s a benefit for the category going forward. So, the conclusion is nothing as we sit here today.
Very possible in the future and certainly in our range of planning, but lots of flexibility for us to deal with it and potentially some upside on certain segments, including coffee. With regard to GLP-1, we’ve had the opportunity to look at every trend possible from a consumer perspective for opportunities and risk. We’ve spent a lot of time digging into the most robust data that’s available, and I would caution everybody that the data that is actually available is really limited at this point. What we would want to see as an industry, before you go with any conclusions, is you’d want to see known GLP-1 users and be able to match their behavioral data over time. Self-reported data, survey data, trying to figure out who might be a GLP-1 consumer is really dangerous.
The data that we’re able to get into, which is quite limited on actual GLP users and their known consumption for us is neutral, may even be different than that by meaning more positive, but let me just say neutral right now. And here are the facts, and I think it actually makes sense with just playing good sense, which is there’s no evidence that people drink less in terms of beverages. So, unless you believe the consumption of tap water is going up, there’s no indication of that, and somebody in the beverage industry is picking up those sales. Are mix shift possible? Absolutely, but we haven’t seen anything significant in the data that we have in front of us within the world of beverage. And I would remind you that we have a very, very broad portfolio.
And in fact, more than 60% of our products as in our corporate responsibility portfolio are classified as positive nutrition. So, it’s very similar to the conversation on recession. Consumers don’t drink less if they change their mix in terms of which formats and types of beverages they consume. We have one of those occasions. And also, we have the ability to innovate should we choose to. We’ve had some questions on coffee. Specifically, all the data that we can see right now, there’s no impact on coffee consumption as a result of that. So, when we step back, we are surprised by the reaction. And quite honestly, we’re surprised that the conversation is about food and beverage. We don’t participate in the food industry, but I can tell you in the beverage industry, I really think that there’s little to be concerned about here.
Having said that, we’re going to continue to study. We’ll get more robust data. We’ll be able to see what I said before, which is known GLP-1 users and their actual consumption patterns over time. And I think the picture will become much clearer, but that’s our conclusion today.
Operator: Our next question will come from Robert Ottenstein with Evercore. Your may now go ahead.
