Coca-Cola Company (KO) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

April 24, 2023 8:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks：

Operator

At this time, I'd like to welcome everyone to The Coca-Cola Company's First Quarter 2023 Earnings Results Conference Call. Today's call is being recorded. If you have any objections, please disconnect at this time. All participants will be on a listen-only mode until the formal question-and-answer portion of the call.

I would like to remind everyone that the purpose of this conference is to talk with investors, and therefore, questions from the media will not be addressed. Media participants should contact Coca-Cola's Media Relations department, if they have any questions.

I would now like to introduce Mrs. Robin Halpern, Vice President & Head of Investor Relations. Mrs. Halpern, you may now begin.

Robin Halpern - Vice President and Head of Investor Relations

Good morning, and thank you for joining us. I'm here with James Quincey, our Chairman and Chief Executive Officer; and John Murphy, our President and Chief Financial Officer. We posted schedules under Financial Information in the Investors section of our company website at cocacolacompany.com. These schedules reconcile certain non-GAAP financial measures, which may be referred to by our senior executives during this morning's discussion to our results as reported under Generally Accepted Accounting Principles. You can also find schedules in the same section of our website that provide an analysis of our gross and operating margins.

In addition, this call may contain forward-looking statements including statements concerning long-term earnings objectives, which should be considered in conjunction with cautionary statements contained in our earnings release and in the company's periodic SEC reports. Following prepared remarks, we will turn the call over for questions. Please limit yourself to one question. If you have more than one, please ask your most pressing question first, and then re-enter the queue.

Now, I’ll turn the call over to James.

James Quincey - Chairman and CEO

Thanks Robin, and good morning everyone. 2023 is off to a good start. We continue to execute well and grow amidst the dynamic macro environment. We like to say we have an all-weather strategy one that enables us to thrive no matter what's happening in the world. We pursue excellence globally with an eye towards winning locally as a system and our brand investments continue to create value for our customers and consumers leading to our ability to drive quality growth for our stakeholders.