Mondelez International, Inc. (MDLZ) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

please stand by, your program is about to begin. If you need assistance during your conference today, please press star zero. Good day and welcome to the Mondelez International first quarter 2025 earnings conference call. Today's conference is scheduled to last about one hour, including remarks by Mondelez management in the question and answer session. In order to ask a question, please press the star key followed by the number one on your touch tone phone at any time during the call. I would now like to turn the call over to Mr. Shep Dunlap, Senior Vice President, Investor Relations for Mondelez. Please go ahead, sir. Good afternoon, and thank you for joining us. With me today are Dirk Vandeput, our Chairman and CEO, and Luca Zaramella, our CFO. Earlier today, we sent out our press release and presentation slides, which are available on our website. During this call, we'll make four booking statements about the company's performance. These statements are based on how we see things today. Actual results may differ materially due to risks and uncertainties. Please refer to the cautionary statements and risk factors contained in our 10-K, Q, and 8-K filings for more details on our forward-looking statements. As we discuss our results today, unless noted as reported, we'll be referencing our non-GAAP financial measures, which adjust for certain items included in our GAAP results. In addition, we provide our year-over-year growth on a constant currency basis unless otherwise noted. You can find the comparable GAAP measures and GAAP to non-GAAP reconciliations within our earnings release and at the back of the slide presentation. Today, Dirk will provide a business and strategy update, followed by a review of our financial results and outlook by Luca. We will close with Q...