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1、Financial presentation to accompany management commentaryFY25 Q4The following guidance reflects the Companys expectations for the first quarter and fiscal year 2026 and is provided on a non-GAAP basis as the Company cannot predict certain elements that are included in reported GAAP results,such as t

2、he changes in fair value of the Companys equity and other investments.Growth rates reflect an adjusted basis for prior year results.Additionally,the Companys guidance assumes a generally stable consumer and continued pressure from its mix of products and formats globally.First quarterThe Companys fi

3、rst quarter fiscal 2026 guidance is based on the following Q1 FY25 figures:Net Sales:$159.9 billion,adjusted operating income1:$7.1 billion,and adjusted EPS1:$0.60.Consolidated metricQ1 FY26Net sales(cc)Increase 3.0%to 4.0%Including approximately 100 bps headwind from lapping leap yearIncluding appr

4、oximately 15 bps tailwind from acquisition of VIZIOAdj.operating income(cc)Increase 0.5%to 2.0%Including approximately 250 bps headwind from lapping leap yearIncluding approximately 70 bps headwind from acquisition of VIZIOAdjusted EPS$0.57 to$0.58,including approximately$0.02 headwind from currency

5、Fiscal year 2026The Companys fiscal year guidance is based on the following FY25 figures:Net sales:$674.5 billion,adjusted operating income2:$29.5 billion,and adjusted EPS2:$2.51.Consolidated metricFY26Net sales(cc)Increase 3.0%to 4.0%Including approximately 20 bps headwind from lapping leap yearInc

6、luding approximately 20 bps tailwind from acquisition of VIZIOAdj.operating income(cc)Increase 3.5%to 5.5%Including approximately 70 bps headwind from lapping leap yearIncluding approximately 80 bps headwind from acquisition of VIZIOInterest,netIncrease approximately$100M to$200MEffective tax rateAp