Jamie Caulfield | PepsiCo, Inc. |
Indra K. Nooyi | PepsiCo, Inc. |
Hugh F. Johnston | PepsiCo, Inc. |
Dara W. Mohsenian | Morgan Stanley & Co. LLC |
Lauren R. Lieberman | Barclays Capital, Inc. |
Bryan D. Spillane | Bank of America Merrill Lynch |
Vivien Azer | Cowen & Co. LLC |
Caroline Levy | Macquarie Capital (NYSE:USA), Inc. |
Ali Dibadj | Sanford C. Bernstein & Co. LLC |
Amit Sharma | BMO Capital Markets (United States) |
Mark David Swartzberg | Stifel, Nicolaus & Co., Inc. |
Andrea F. Teixeira | JPMorgan Securities LLC |
Robert Ottenstein | Evercore ISI |
Pablo Zuanic | Susquehanna Financial Group LLLP |
Nik Modi | RBC Capital Markets LLC |
Bonnie L. Herzog | Wells Fargo Securities LLC |
Stephen Robert Powers | Deutsche Bank Securities, Inc. |
Kevin Grundy | Jefferies LLC |
Brett Cooper | Consumer Edge Research LLC |
Good morning and welcome to PepsiCo's First Quarter 2018 Earnings Conference Call.
Your lines have been placed on listen-only until the question-and-answer session. Today's call is being recorded and will be archived at www.PepsiCo.com. It is now my pleasure to introduce Mr. Jamie Caulfield, Senior Vice President of Investor Relations.