Keurig Dr Pepper, Inc. (KDP) CEO Robert Gamgort on Q2 2019 Results - Earnings Call Transcript

Aug. 08, 2019 3:07 PM ETKeurig Dr Pepper Inc. (KDP) StockKDP
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Q2: 2019-08-08 Earnings Summary

EPS of $0.30 beats by $0.01
 | Revenue of $2.81B misses by $45.14M

Keurig Dr Pepper, Inc. (NASDAQ:KDP) Q2 2019 Earnings Conference Call August 8, 2019 9:00 AM ET

Company Participants

Tyson Seely - VP
Robert Gamgort - Executive Chairman President, CEO
Ozan Dokmecioglu - CFO

Conference Call Participants

Bryan Spillane - Bank of America Merrill Lynch
Lauren Lieberman - Barclays Bank
Judy Hong - Goldman Sachs Group
Amit Sharma - BMO Capital Markets
Kevin Grundy - Jefferies
Stephen Powers - Deutsche Bank
Clay Crumbliss - Guggenheim Securities
Bonnie Herzog - Wells Fargo Securities
Brendan Metrano - Evercore ISI
William Chappell - SunTrust Robinson Humphrey

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Keurig Dr Pepper's Earnings Call for the Second Quarter of 2019. This conference is being recorded. [Operator Instructions].

I would now like to introduce your host for today's conference, Keurig Dr Pepper Vice President of Investor Relations, Mr. Tyson Seely. Mr. Seely, please go ahead.

Tyson Seely

Thank you, and hello, everyone. Thanks for joining us. Earlier this morning, we issued our press release for the second quarter of 2019. If you need a copy, you can get one on our website at keurigdrpepper.com in the Investors section.

Consistent with previous quarters, today we will be discussing our results -- our performance on an adjusted basis excluding items affecting comparability and with regard to the year ago period. Our financial performance also takes into account pro forma adjustments due to the merger. The company believes that adjusted and adjusted pro forma basis provide investors with additional insight into our business and operating performance trends. While these pro forma adjustments and the exclusion of items affecting comparability are not in accordance with GAAP, we believe that the adjusted and adjusted pro forma basis provide meaningful comparisons and an appropriate basis for a discussion of our performance. Details of the excluded items are included

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