Good growth, together with strong margin improvement in every division, drove us to another record in both dollar profit and profitability, ... Every geographic area met or exceeded our volume expectations despite economic problems in some areas of the developing world.
Every operating division achieved strong volume growth and increased operating profits both absolutely and as a percent to sales, ... It is especially encouraging to see dollar operating profits rise strongly even in Latin America and Europe despite currency pressures.
Operating profits will be up nicely. We expect another good quarter, with unit volume up in every operating division, solid upward movement in gross profit margin and a worldwide increase in advertising support.