Net revenues decreased 0.6 percent, driven by currency headwinds. Organic Net Revenue increased 0.6 percent, with growth in all regions except North America.
Gross profit margin was 39.4 percent, an increase of 10 basis points driven primarily by lower Restructuring Program implementation costs.
Adjusted Gross Profit margin was 40.3 percent, a decrease of 20 basis points, driven by unfavorable mix impacts and higher input costs, partially offset by strong net productivity and improved pricing.
Operating income margin was 13.1 percent, up 190 basis points, reflecting the Adjusted Operating Income gains and the benefit from the settlement of a Cadbury tax matter.
Adjusted Operating Income margin increased 90 basis points to 16.8 percent due primarily to continued reductions in overhead costs and supply chain productivity savings.
Diluted EPS was $0.41, up 17 percent, driven primarily by operating gains and the benefit from the settlement of a Cadbury tax matter.
Adjusted EPS was $0.53 and grew 6 percent on a constant-currency basis, driven primarily by operating gains.
Capital Return: The company repurchased over $470 million of its common stock and paid approximately $300 million in cash dividends.