Rafael Oliveira : Sure. Carlos, has been already said about our bright spot of foodservice. And I guess you’ll see next week on CAGNY, we’re going to go deeper on the reasons for success. But I would say two things that are adding up on the international front where we are winning. And indeed, they are growing a lot and winning big timeshare in foodservice. One is global partnerships. We’re really leveraging our scale and then global capabilities to offer our partners like more insights and customized solutions. Remember, many times, we compete with local players, but we’re having this global insight makes a big difference for us to test innovation on market and when successful scale up to additional markets. And we’ve been building this model and replicating consistently across the globe and it’s working really well.
The second point is what we call the chef-led model. I mean that could be called our secret sauce, let’s say, in foodservice. The strategy evolves around like talent chefs. I mean, basically, if you don’t have a chef it’s very easy to be on a discussion of price-led discussion basically transactional only. And when we bring our chef to the conversation, we’re really partnering with the customers in different needs identifying menu concepts fit for their specific projects. And those two things, although sometimes basic, like the execution, the perfect execution of it is what’s driving the foodservice. And just to remind within international foodservice still, although growing very strongly, it’s 1/3 smaller as a percentage of the faced attrition than in the U.S. So although like we say size of the business comparable, we mean like we have a lot of room to grow in foodservice.
So definitely, we hope we’re going to continue to see very good strong success with this within the next quarters and years.
Miguel Patricio : Thank you, Rafael. On a nutshell, I would say that on foodservice, I think in the past, we were very transactional, and we define this as one of the strategic pillars for us for growth, and we’ve been investing on talent, with technology, on people, on portfolio and it’s paying off. I mean we are very excited with that. Anne-Marie?
Anne-Marie Megela : Yes. So that will wrap up our Q&A session. Thank you all for your call. I am going to turn it over to Miguel for some closing comments.
Miguel Patricio : I just want to say that we continue to be very excited about what we are doing. We see our transformation evolving. The journey still very far from finishing but we are evolving every day. And why are we so excited? We are excited because we see the momentum building service level up, market share, especially in the growth platform is growing. Foodservice and emerging markets are gaining market share and with a great momentum. Second, we see a very different level of agility in our company. We have today a very agile organization that is able to change, to adapt, to predict much better than in the past. We are investing to grow. Gross margin expansion feeds investments in technology, in people, in marketing, in R&D.
We are excited as well because we anticipated pricing and today, we have 99% of all our pricing for 2023 already announced. We have about 95% of our pricing already accepted, and we have about 90% already implemented. And so the way we see it, we’ll continue delivering quarter-after-quarter year-after-year. With that, thank you so much for your attention, and I expect to see you on CAGNY next week. I think we have a lot of excitement to share with you. Thank you.
Operator: Ladies and gentlemen, this does conclude today’s presentation. You may now disconnect, and have a wonderful day.
