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Kellogg (K) Q2 2018 Results - Earnings Call Transcript

Aug. 02, 2018 1:59 PM ETKellogg Company (K)
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Kellogg Co. (NYSE:K) Q2 2018 Earnings Call August 2, 2018 9:30 AM ET


John Renwick - Kellogg Co.

Steven A. Cahillane - Kellogg Co.

Fareed A. Khan - Kellogg Co.


Michael S. Lavery - Piper Jaffray & Co.

Ken Zaslow - BMO Capital Markets (United States)

Eric J. Larson - The Buckingham Research Group, Inc.

Kenneth B. Goldman - JPMorgan Securities LLC

Robert Moskow - Credit Suisse Securities (USA) LLC

David Cristopher Driscoll - Citigroup Global Markets, Inc.

David Palmer - RBC Capital Markets LLC

Bryan D. Spillane - Bank of America Merrill Lynch

Pablo Zuanic - SIG


Good morning. Welcome to the Kellogg Company Second Quarter 2018 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer period. Thank you. Please note this event is being recorded.

At this time, I will turn the call over to John Renwick, Vice President of Investor Relations and Corporate Planning for the Kellogg Company. Mr. Renwick, you may begin your conference call.

John Renwick - Kellogg Co.

Thank you, Gary. Good morning and thank you for joining us today for a review of our second quarter 2018 results. I am joined this morning by Steve Cahillane, our Chairman and CEO; and Fareed Khan, our Chief Financial Officer.

Slide 2 shows our usual forward-looking statements disclaimer. As you are aware, certain statements made today, such as projections for Kellogg Company's future performance including earnings per share, net sales, profit margins, operating profit, interest expense, tax rate, cash flow, brand building, upfront costs, investments and inflation, are forward-looking statements. Actual results could be materially different from those projected. For further information concerning factors that could cause these results to differ, please refer to the second slide of this presentation as well as to our public SEC filings.

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