Says sees FY net interest expense $140M, effective tax rate around 35.5%, CapEx $550M, which may increase moving through the year. Priorities for excess cash include additional CapEx, acquisitions, repurchases, dividends. Says food service demand should stay steady this year. Says food service to be flat, maybe up 1%, driven by population growth. Says finding food bought on value menus has been declining. Comments made on the Q1 earnings conference call.
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