Keurig Dr Pepper, Inc. (KDP) CEO Robert Gamgort on Q2 2021 Results - Earnings Call Transcript

Keurig Dr Pepper, Inc. (NASDAQ:KDP) Q2 2021 Earnings Conference Call July 29, 2021 8:00 AM ET

Company Participants

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

Conference Call Participants

Bonnie Herzog - Goldman Sachs Group
Kevin Grundy - Jefferies
Bryan Spillane - Bank of America Merrill Lynch
Lauren Lieberman - Barclays Bank
Andrea Teixeira - JPMorgan Chase & Co.
Steve Powers - Deutsche Bank
Sean King - UBS
Christopher Carey - Wells Fargo Securities

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Keurig Dr Pepper's Earnings Conference call for the Second Quarter of 2021. This conference call is being recorded, and there will be a question-and-answer session at the end of the call.

I would now like to introduce Keurig Dr Pepper's 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 2021. 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. The company believes that the adjusted basis provides investors with additional insight into our business and operating performance trends. With the exclusion of items affecting comparability is not in accordance with GAAP, we believe that the adjusted basis provides meaningful comparisons in an appropriate basis for discussion of our performance. Details of the excluded items are included in the reconciliation tables included in our press release and our 10-Q, which will be filed later today. Due to the inability to predict the amount and timing of certain impacts outside of the company's