Campbell Soup Company (CPB) CEO Mark Clouse on Q3 2022 Results - Earnings Call Transcript

Campbell Soup Company (NYSE:CPB) Q3 2022 Results Conference Call June 8, 2022 8:00 AM ET

Company Participants

Rebecca Gardy - Senior Vice President, Investor Relations

Mark Clouse - President & Chief Executive Officer

Mick Beekhuizen - Chief Financial Officer

Conference Call Participants

Andrew Lazar - Barclays

Ken Goldman - JPMorgan

Peter Galbo - Bank of America

David Palmer - Evercore

Nik Modi - RBC Capital Markets

Jason English - Goldman Sachs

Operator

Greetings ladies and gentlemen and welcome to the Campbell Soup Company Third Quarter 2022 Earnings Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host Rebecca Gardy, Chief Investor Relations Officer. Please go ahead.

Rebecca Gardy

Good morning, and welcome to Campbell's third quarter fiscal 2022 earnings conference call. I am Rebecca Gardy, Head of Investor Relations at Campbell Soup Company. And joining me today are Mark Clouse, Campbell's President and Chief Executive Officer; and Mick Beekhuizen, Campbell's Chief Financial Officer.

Today's remarks have been pre-recorded. Once we conclude the prepared remarks, we will transition to a live webcast Q&A session. The slide deck and today's earnings press release have been posted to the Investor Relations section on our website, campbellsoupcompany.com. Following the conclusion of the Q&A session, a replay of the webcast will be available at the same location followed by a transcript of the call within 24 hours.

On our call today, we will be making forward-looking statements, which reflect our current expectations. These statements rely on assumptions and estimates which could be inaccurate and are subject to risk. Please refer to Slide 3 or our SEC filings for a list of factors that could cause our actual results to vary materially from those anticipated in forward-looking statements.

Because we use non-GAAP measures, we have provided a reconciliation of each of these measures to the most directly comparable GAAP measure in the appendix of this presentation.

On Slide 4, you will see today's agenda. Mark will share his overall thoughts on our third quarter performance, as well as in-market performance by division; Mick will discuss the financial results of the quarter in more detail and then review our guidance for the full year fiscal 2022.