PepsiCo, Inc. (NASDAQ:PEP) Q1 2024 Earnings Conference Call April 23, 2024 8:15 AM ET

Company Participants

Ravi Pamnani - Senior Vice President, Investor Relations
Ramon Laguarta - Chairman & Chief Executive Officer
Jamie Caulfield - Executive Vice President & Chief Financial Officer

Conference Call Participants

Dara Mohsenian - Morgan Stanley
Bonnie Herzog - Goldman Sachs
Bryan Spillane - BofA
Lauren Lieberman - Barclays
Andrea Teixeira - JPMorgan
Peter Grom - UBS
Filippo Falorni - Citi
Kaumil Gajrawala - Jefferies
Robert Moskow - TD Cowen
Robert Ottenstein - Evercore ISI
Chris Carey - Wells Fargo Securities
Steve Powers - Deutsche Bank
Brett Cooper - Consumer Edge Research
Gerald Pascarelli - Wedbush Securities

Operator

Good morning and welcome to PepsiCo's 2024 First Quarter Earnings question-and-answer session. Your lines are being placed on listen-only until it's your turn to ask the question. 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. Mr. Pamnani, you may begin.

Ravi Pamnani

Thank you, operator and good morning everyone. I hope everyone has had a chance this morning to review our press release and prepared remarks, both of which are available on our website.

Before we begin, please take note of our cautionary statement. We may make forward-looking statements on today's call, including about our business plans and 2024 guidance. Forward-looking statements inherently involve risks and uncertainties and only reflect our view as of today, April 23rd, 2024, and we are under no obligation to update them.

When discussing our results, we refer to non-GAAP measures, which exclude certain items from reported results. Please refer to our first quarter 2024 earnings release and first quarter 2024 Form 10-Q available on pepsico.com for definitions and reconciliations of non-GAAP measures and additional information regarding our results, including a discussion of factors that could cause actual results to materially differ from forward-looking statements.

Joining me today are PepsiCo's Chairman and CEO, Ramon Laguarta; and PepsiCo's Executive Vice President and CFO, Jamie Caulfield. We ask that you please limit yourself to one question.

And with that, I will turn it over to the operator for the first question.

Question-and-Answer Session

Operator

Thank you. [Operator Instructions] Our first question comes from Dara Mohsenian with Morgan Stanley. Your line is open.

Dara Mohsenian

Hey guys, good morning.

Ravi Pamnani

Goof morning Dara.

Dara Mohsenian

So, really strong international profit results for the third quarter in a row here. Can you just take a step back, Ramon, and maybe give us some perspective on that international performance over the last few quarters?