Keurig Dr Pepper Inc. (KDP) CEO Bob Gamgort on Q1 2022 Results - Earnings Call Transcript

Keurig Dr Pepper Inc. (NASDAQ:KDP) Q1 2022 Earnings Conference Call April 28, 2022 8:00 AM ET

Company Participants

Steve Alexander - Vice President of Investor Relations

Bob Gamgort - Chairman & Chief Executive Officer

Ozan Dokmecioglu - Chief Financial Officer & President

Conference Call Participants

Bryan Spillane - Bank of America

Bonnie Herzog - Goldman Sachs

Lauren Lieberman - Barclays

Kevin Grundy - Jefferies

Chris Carey - Wells Fargo Securities

Andrea Teixeira - JPMorgan

Brett Cooper - Consumer Edge

Operator

Good morning, ladies and gentlemen and thank you for standing by. Welcome to the Keurig Dr Pepper’s Earnings Call for the First Quarter of 2022. This conference call is being recorded. [Operator Instructions] I would like to introduce Keurig Dr Pepper's; Vice President of Investor Relations, Mr. Steve Alexander. Mr. Alexander please go ahead.

Steve Alexander

Thank you and hello everyone. Thanks for joining us. Earlier this morning, we issued our press release for the first quarter of 2022. If you need a copy, you can get one on our website in the Investors section. Consistent with previous quarters, today we'll be discussing our performance on an adjusted basis, excluding items affecting comparability.

Beginning with this quarter we will also exclude the impact of foreign currency translation from our adjusted results. The company believes that the adjusted basis provides investors with additional insight into our business and operating performance trends. While the exclusion of items affecting comparability is not in accordance with GAAP, we believe that the adjusted basis provides meaningful comparisons and an appropriate basis for discussion of our performance. Details of the excluded items are provided 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 control, we do not reconcile our guidance.

Here with us today to discuss our first quarter 2022 results are; KDP Chairman and CEO, Bob Gamgort; our CFO, Ozan Dokmecioglu; and our Chief Corporate Affairs Officer, Maria Sceppaguercio.

And finally, our discussion this morning may include forward-looking statements which are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially and the company undertakes no obligation to update these statements based on subsequent events. A detailed discussion of these risks and uncertainties is contained in the company's filings with the SEC.