The concentrate-based business model insulates the Company from manufacturing cost volatility while enabling pricing initiatives to flow through to margin expansion. Because bottlers bear production and distribution costs, higher commodity costs can be partially offset by pricing actions without the Company absorbing the full input cost increase itself.
the thesis · admitted · the reason above is the thesis, not printed twice
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedthree sentences · whole, uncut
the claims it rests on · in our words, not the filing’s