we’re margin growth. that earnings strong year top our satisfied but expansion We're and good and delivered afternoon. Thanks, another double-digit adjusted growth, we of with not pleased Dirk, line
Let's net the for which incident. year X.X%, a growth malware basis start points the performance. from our revenue negative with Organic June was revenue XX included impact
Brands’ our X%, growth, of Brands, than than half a Power rates markets, Southeast across growth continued our improving performance increased revenue growth Asia key category such overall as Emerging of up. increasing Mexico. number X% was Power as more delivering picked driver for we as Second markets be and to markets India, more see an and year. emerging the fundamentals X.X% Russia, have
well, grow of In addition, the net continues as growth perform ecommerce our XX% revenue year. for we to than more business
incident ecommerce Our our quarter, and have X.X% supports malware billion In fourth prior to we of by the India. of lapped the we demonetization the progress move XXXX. grew beyond we in as impact in business impact the XXXX $X commitment
revenue mid our pricing chocolate and positive with X.X%, strong our X.X% results For and regional Europe markets X.X% both. well and exceptionally X.X% a year, Southeast On AMEA the biscuits. in continued in Power grew strengthened by in and good grew and growing in India, volume X.X% Mexico, quarter, with for as in as Australia. driven the were Latin growth by revenue driven increased in growth Brands Asia both Brazil for single-digit growth of results currency chocolate volume basis growth respectively emerging solid results driven Argentina. America and behind
and environment biscuits malware tough as mixed Our we North related from losses, America business, resulting saw our a operating revenue X.X% in execution. declined challenges
plans, we've have While the realizing positive advantage. the challenges business said, believe competitive share is progress us we kept U.S. some year. in we DSD our service our during a our challenges and expected system areas our seen DSD the continue That service all in from addressing biscuits of are gains to we gain
over Now, executed points XX.X%. margin another adjusted let's XXX review our to four year margin basis growing basis during delivered growth expansion, now the of margin We've We of performance. well OI years. past XXX points
by net Our productivity strong XXXX and driven SG&A. results were lower
trade priority year. offset down year XX.X%; gross basis productivity. markets. spending contributor but outlook. funding regions; margin this points Gross our XX.X%; This select margins basis our America and for expecting XX.X% to limited for strong of of strong be will select increased and America improvements basis points Latin drove margin revenues growth, of down points up margin in regional several lower were margin delivered posting XXX OI an We're three investments space increased increase we productivity net in XXX programs, in XX.X%; North execution AMC margin a to of the commodity a to white as was aggregate in and slightly delivered to growth points expansion, total we investments expansion and X% XXXX in basis, four down discuss AMEA which our still investing and trade continued On launches pressure growth. As I'll margin the as XX XXX year cost to slightly improvement, is with Europe strong by basis approximately a
our provide overall growth while performing Now, year category the X.X% Snacking highlights. first, than some category were the with second the share let half mixed. at results better finished me
revenue excluding of held X.X% the weakness offset share grew Europe business of across results our grew in year-to-date in and biscuits our X%. growing Approximately global share. in This Asia. in our for In U.S. UK, India, XX% year held exceptional strong, the with category. Southeast the North as Germany, included America Brazil. Highlights revenue chocolate, solid was about growth our And business well biscuits, XX% as Our and our was this grew by strength
In of mid share impact category. addition, of to Gum in U.S. was XX% and or this candy and this our year-to-date declined of to China of chocolate revenue About headwinds. in full business single-digits face in year important the expansions or the Approximately the an the revenue first held category XX% as gum continued our contributor our held gained growth. share. grew
per We from performance, XXXX was results in non-core several as in capital well to full EPS shareholders. $X.X part return currency $X.XX, shares to earnings XX% adjusted total JVs. constant to of billion year coffee by basis, returned delivered repurchased of related primarily and another we of $X.X year divestitures. billion as substantial a good proceeds of our share. our operating Turning on from driven We up strong
our raised our In forward. July, commitment significantly going dividends to addition, in announcing we than grow earnings faster dividend our while
spend Let flow. moment me cash a free on also
we year, in remained confident of the and of in delivered the impact timing to customer beyond. For below which divestitures. primarily flow improving outlook, cash was our performance year-end $X.X collections We billion, and the due XXXX
with spending is continues restructuring and is year. negative performance XX now cycle days best-in-class our down of of As revenue, improve, cash working X% conversion the the spend CapEx coming for capital our below to
the We these impacts implementation update our in Now, give adjusted quarter significant I'd onetime to tax reform fourth recorded as to entries out reported results. XXXX an like of of relates results. and we relating the the impact non-GAAP law, tax new on the two you it our to of U.S.
from re-measured First, XX%, by the liability, benefit P&L. one-time U.S. differed $X.X in of our we rate the tax driven to tax to billion U.S. reduction resulting XX% the non-cash
XXXX. due in billion to tax we’re results liability our we’ll historical Second, through accumulated a liability $X.X earnings. pay tax recording which This a out, need cash foreign pay on
on any know, the cash and you these As amounts overseas repatriating information a we limited accumulated items. XX-K upcoming filing result material of tax not Please have cash more see as change. our for of are
provide to announce the I week. few to Dr. outlook, this want Before Keurig transaction move a Pepper comments I on the earlier
performance that been past, of resulted As with the our we've XXXX July investments the of we've from very our business. divestiture equity the coffee pleased in said
We XXXX Gamgort private take you've in Green significant is in under confirmed of seen and the and the our the Keurig. This leadership With appreciation by results our in team, the JDE to believe strong. this of March value the Keurig be Mountain brands synergies we've at We of Similarly, seen XX% and Bob strong financial the investment financial stake. as think has significant are very transaction their and and the strong also rationale is platforms together. value long-term done well. the created near term through brought compelling of there’s these two in strategic
them to with as impressed well this positioned entity. new and very team management run We’re the see current
XX% our and the grow to Board with an play stake to seats. in terms In new into continue XX% XX.X in we’ll entity details, stake the two of will a active company, in Keurig new we key role
In accretive for have this no terms expect increase also a investment to year method, to through one in this equity continue us, we in financial plans the We'll of impact, while significant be to exit. cash account and providing dividends. for
value three to to in We JDE less the years our pleased continue value has and well. than in as the Overall, creation very company. investing XXXX from and that platform transaction see we're brings evolved that additional July also with it coffee be how
based Let see some on think balanced for our more environment is on we a the we XXXX, me now details today. provide plan outlook which
we growth some revenue X% improvement delivered growth the to includes return net XXXX. we to versus X% North global expect to in category growth in modest range the improve, This organic revenue growth this could X.X% if in the We And in see outlook. America. continues
Our performance. as of first at have America outlook revenue to quarter our total stabilize end North the year continue growth low to work is likely our we to
net margin as deliver expect of and focus productivity to spend We adjusted strong XX%. trade planning We're management approximately key OI area. for continued a
addition, OI of of expecting we we'll line the by which of significant effectively about OI the as continued of will new to reduction no on be another the XXXX, move accounting new as move our $XX In pension In this below chain margin lines reflect year the million of as growth reinvention production margin. supply driven more and is impact to rules, future. JV deliver points share cash repurchases. impact another year our with or about well earnings flow. OI XX double-digit This expansion, We're in growth, earnings primarily earnings basis adjusted margin to
In efforts interest addition, I our for lower our would note our expense due optimize to to structure. expectations ongoing debt
tax years. free outlook approximately flow past which the significant billion, step relating the $X.X include the taxes additional from outlook Our cash for represents now up is to two This cash U.S. reform. a does
reform. about the Now, the talk briefly let XXXX me enacted U.S. of impact tax recently
you As know, very we're company. a global
of given have and generated lower rate of outside with tax geographic U.S. rates. most the us tax with models earnings a past, our operating jurisdictions the significantly in footprint Our low in
there're The these we impact items overall I've elements our that Aside recorded XXXX already QX is zero, items effective ongoing law of in from discussed, tax new now. in impact know the basically rate of that several we that based two what on tax on effective the rate. our one-time
in rate the to strategy be this rate. In the you term XXXX provide low tax we're all possible expect, our tax as likely on in very we effective ensure to reviewing update opportunities and guidance As adjusted to close outlook, when year. longer XXs, structured XXXX standpoint. efficiently We'll our to mid later as from our expect would a actively we're we tax
me few concluding to a it remarks. Dirk for let back Now, turn
