Molson Coors Beverage Company (NYSE:TAP) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET

Company Participants

Greg Tierney - Vice President of FP&A, Commercial Finance & Investor Relations

Gavin Hattersley - President & Chief Executive Officer

Tracey Joubert - Chief Financial Officer

Conference Call Participants

Lauren Lieberman - Barclays

Bryan Spillane - BofA Securities

Andrea Teixeira - JPMorgan

Peter Grom - UBS

Bonnie Herzog - Goldman Sachs

Filippo Falorni - Citigroup Inc.

Vivien Azer - TD Cowen

Robert Ottenstein - Evercore ISI

Nadine Sarwat - Sanford C. Bernstein

Eric Serotta - Morgan Stanley

Christopher Carey - Wells Fargo Securities

Operator

Good day, and welcome to the Molson Coors Beverage Company Third Quarter Fiscal Year 2023 Earnings Conference Call. You can find related slides on the Investor Relations page of the Molson Coors website. Our speakers today are Gavin Hattersley, President and Chief Executive Officer; and Tracey Joubert, Chief Financial Officer.

And with that, I'll hand it over to Greg Tierney, Vice President of FP&A, Commercial Finance and Investor Relations.

Greg Tierney

All right. Thank you, Brita, and hello, everyone. Following prepared remarks today from Gavin and Tracey, we will take your questions. In an effort to address as many questions as possible, we ask you to -- we ask that you limit yourself to one question. If you have technical questions on the quarter, please pick them up with our IR team in the days and weeks that follow.

Today's discussion includes forward-looking statements. Actual results or trends could differ materially from our forecast. For more information, please refer to the risk factors discussed in our most recent filings with the SEC. We assume no obligation to update forward-looking statements. GAAP reconciliations for any non-U.S. GAAP measures are included in our news release. Unless otherwise indicated, all financial results the company discusses are versus the comparable prior year period in U.S. dollars and in constant currency when discussing percentage changes from the prior year period. Also, U.S. share data references are sourced from Circana.

Further, in our remarks today, we will reference underlying pretax income, which equates to underlying income before income taxes on the condensed consolidated statement of operations.

And with that, I'll hand it over to Tracey.

Tracey Joubert

Thank you, Greg, and hello, everyone, and thank you for joining us. We will be doing things a little bit differently this quarter. I will open and address our results, our guidance and importantly, our fourth quarter expectations at the start of the call, and then Gavin will close.