Health · 8 dimensions
Enterprise Health Scorecard
8-dimension scorecard
Cash conversion, Walmart ramp, EU DPP and Plant OEE are the four watch items this week
Revenue vs plan
QTD $2.21B / Plan $2.18B
+1.4%
On track; Walmart cat-2 LIVE lifts H2 confidence.
Op margin vs plan
13.4% / Plan 13.2%
+20 bps
Pricing AI + restructuring landing as guided.
Cash conversion
82% QTD / Target 100%
-8 pts
EU DSO drift on H&M, Inditex; finance to escalate.
Walmart ramp pacing
88% of plan
-12 pts
2 SKU lines = 70% of variance; intervention this week.
atma.io growth
28.4B items, +18% YoY
+1.4B Q
adidas Infinite Play + apparel pulling demand.
EU DPP positioning
5 of top-10 apparel won
+2 QoQ
Inditex RFP open; outcome decides 2026 EU narrative.
Plant OEE (top-10)
OEE 74% vs target 82%
-3 pts
Querétaro + Suzhou drag; CV-QC retrofit decision pending.
Safety (TRIR)
0.42 vs target 0.55
-12% YoY
Best in 8 quarters; maintain rigor through restructuring.
Revenue driver decomposition · FY24 → FY25
RFID volume (+$180M) and HVC mix (+$110M) more than offset FX (-$90M) and divestitures (-$100M)
$8.76B
FY24 revenue
+0.05
Volume (core MG)
+0.18
Volume (RFID)
+0.06
Price
+0.11
Mix (HVC shift)
-0.09
FX
-0.05
Vestcom comparable
-0.1
Divestitures
$8.86B
FY25 revenue
Bridge from FY24 reported revenue to FY25 reported revenue, driver decomposition.
Op margin driver decomposition · FY24 → FY25
HVC mix (+60 bps) and productivity (+50 bps) drove the full 120 bps margin expansion
12.0%
FY24 op margin
+60 bps
Mix (HVC)
+50 bps
Productivity
+20 bps
Pricing
-10 bps
Plant inefficiency
-5 bps
FX
+5 bps
Investment in IL
13.2%
FY25 op margin
Operating margin bridge in basis points.