PepsiCo, Inc. (PEP) CEO Ramon Laguarta on Q1 2019 Results - Earnings Call Transcript

Apr. 17, 2019 7:42 PM ETPepsiCo, Inc. (PEP)
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PepsiCo, Inc. (NASDAQ:PEP) Q1 2019 Earnings Conference Call April 17, 2019 7:45 AM ET

Company Participants

Jamie Caulfield - Senior Vice President of Investor Relations

Ramon Laguarta - Chairman, President and Chief Executive Officer

Hugh Johnston - Vice Chairman, Executive Vice President and Chief Financial Officer

Conference Call Participants

Lauren Lieberman - Barclays

Judy Hong - Goldman Sachs

Bryan Spillane - Bank of America

Ali Dibadj - Bernstein

Andrea Teixeira - JPMorgan

Bonnie Herzog - Wells Fargo

Vivien Azer - Cowen & Company

Caroline Levy - Macquarie

Steve Powers - Deutsche Bank

Robert Ottenstein - Evercore ISI

Amit Sharma - BMO Capital Markets

Bill Chappell - SunTrust

Laurent Grandet - Guggenheim

Kevin Grundy - Jefferies

Sean King - UBS


Good morning and welcome to PepsiCo's First Quarter 2019 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 and good morning everyone. I'm joined this morning by PepsiCo's Chairman and CEO, Ramon Laguarta and PepsiCo's Vice Chairman and CFO Hugh Johnston. We'll begin today's call with some brief prepared comments from Ramon and Hugh and then we'll open the call up to your questions.

Before we begin, please take note of our cautionary statement. This conference call includes forward-looking statements, including statements regarding 2019 guidance and long-term targets, 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

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