PepsiCo Inc (PEP) CEO Indra Nooyi on Q3 2018 Results - Earnings Call Transcript

Oct. 02, 2018 2:18 PM ETPepsiCo, Inc. (PEP)
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PepsiCo Inc. (NASDAQ:PEP) Q3 2018 Results Earnings Conference Call October 2, 2018 7:45 AM ET


Jamie Caulfield - Senior Vice President, Investor Relations

Indra Nooyi - Chairman and Chief Executive Officer

Hugh Johnston - Chief Financial Officer


Dara Mohsenian - Morgan Stanley

Kevin Grundy - Jefferies

Bryan Spillane - Bank of America/Merrill Lynch

Ali Dibadj - Bernstein

Judy Hong - Goldman Sachs

Lauren Lieberman - Barclays

Bonnie Herzog - Wells Fargo

Caroline Levy - Macquarie

Andrea Teixeira - JPMorgan

Steve Powers - Deutsche Bank

Vivien Azer - Cowen

Amit Sharma - BMO Capital Markets

Pablo Zuanic - SIG

Robert Ottenstein - Evercore ISI

Laurent Grandet - Guggenheim


Good morning and welcome to PepsiCo’s Third Quarter 2018 Earnings Conference Call. Your lines have been placed on listen-only until the question-and-answer session. [Operator Instructions] Today’s call is being recorded and will be archived at

It is now my pleasure to introduce Mr. Jamie Caulfield, Senior Vice President of Investor Relations. Mr. Caulfield, you may begin.

Jamie Caulfield

Thank you, operator. With me today are Indra Nooyi, PepsiCo’s Chairman and CEO and Hugh Johnston, PepsiCo’s CFO. We'll lead off today’s call with a review of our third quarter performance and full year 2018 outlook and then we'll move on to Q&A.

Before we begin, please take note of our cautionary statement. This conference call includes forward-looking statements, including statements regarding 2018 guidance based on currently available information.

Forward-looking statements inherently involve risks and uncertainties that could cause our actual results to differ materially from those predicted. Statements made on this conference call should be considered together with cautionary statements and other information contained in today’s earnings release and in our most recent periodic reports filed with the SEC.

When discussing our financial results on today’s call, we will refer to

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