Keurig Dr Pepper Inc. (KDP) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Keurig Dr. Pepper's earnings call for the first quarter of 2025. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. This conference call is being recorded, and there will be a question and answer session at the end of the call. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. I would now like to introduce current Dr. Pepper's Senior Vice President of Finance, Jane Gelfand. Ms. Gelfand, please go ahead. Thank you and hello everyone. Earlier this morning, we issued two separate press releases detailing first quarter results and announcing the appointment of new independent directors to our board of directors. We will discuss these topics during this conference call and in the accompanying slide presentation that can be tracked in real time on the live webcast. Before we get started, I'd like to remind you that our remarks will include forward-looking statements which reflect KDP's judgment, assumptions, and analysis only as of today. Our actual results may differ materially from current expectations based on a number of factors affecting KDP's business. Except as required by law, we do not undertake any obligation to update any forward-looking statements discussed today. For more information, please refer to our earnings release and the risk factors discussed in our most recent forms 10-K and 10-Q, which will be filed with the SEC later today. Consistent with previous quarters, we will be discussing our Q1 performance on a non-GAAP adjusted basis. which reflects constant currency growth rates and excludes items affecting comparability. Definitions and reconc...