Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. The reported figure decreased by 18.5% from the year-ago quarter owing to lower net sales, partially offset by share repurchases. A commodity price deflation of 9.1% of net sales and a decline of 1.6% due to one fewer selling day were partially offset by contributions from acquisitions of 2.9%.