date:Mar 26, 2020
HMM) cost savings and favourable net price realization and mix.
Operating profit totalled $651 million, essentially in line with the prior year. Operating profit margin of 15.6 per cent increased 10 basis points. Adjusted operating profit of $675 million was down eight per cent in constant currency, primarily driven by higher selling, general, and administrative (SGA) expenses, including higher media investment.
Lower contributions from ice cream net sales in Asia in February reduced third-qu