Ravi Pamnani | Senior Vice President, Investor Relations |
Ramon Laguarta | Chairman & Chief Executive Officer |
Hugh Johnston | Vice Chairman & Chief Financial Officer |
Dara Mohsenian | Morgan Stanley |
Bryan Spillane | Bank of America Merrill Lynch |
Bonnie Herzog | Goldman Sachs |
Nik Modi | RBC Capital Markets |
Andrea Teixeira | JPMorgan |
Kaumil Gajrawala | Credit Suisse |
Lauren Lieberman | Barclays |
Rob Ottenstein | Evercore |
Vivien Azer | Cowen |
Steve Powers | Deutsche Bank |
Laurent Grandet | Guggenheim |
Sean King | UBS |
Bill Chappell | SunTrust |
Good morning, and welcome to PepsiCo’s First Quarter Earnings Question-and-Answer Session.
Your lines have been placed on listen-only until it is your turn to ask a question. [Operator Instructions] Today’s call is being recorded and will be archived at www.pepsico.com.
It is now my pleasure to introduce, Mr. Ravi Pamnani, Senior Vice President of Investor Relations.