Keurig Dr Pepper, Inc. (KDP) CEO Robert Gamgort on Q3 2019 Results - Earnings Call Transcript

Keurig Dr Pepper, Inc. (NASDAQ:KDP) Q3 2019 Earnings Conference Call November 7, 2019 10:00 AM ET

Company Participants

Tyson Seely - VP, IR
Bob Gamgort - Executive Chairman President, CEO
Ozan Dokmecioglu - CFO
Maria Sceppaguercio - Chief Corporate Affairs Officer

Conference Call Participants

Bryan Spillane - Bank of America
Lauren Lieberman - Barclays Bank
Steve Powers - Deutsche Bank
Nik Modi - RBC
Sean King - UBS
Kevin Grundy - Jefferies
Amit Sharma - BMO Capital Markets
Laurent Grandet - Guggenheim
Peter Grom - JP Morgan

Operator

Good morning ladies and gentlemen, and thank you for standing by. Welcome to Keurig Dr Pepper's Earnings Call for the Third Quarter of 2019. This conference is being recorded and there will be a question-and-answer session at the end of the call.

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 third 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 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 the 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