PepsiCo, Inc. (PEP) Q1 2026 Earnings Call

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WEBVTT 00:00:00.752 -- 00:00:04.615 Good morning and welcome to PepsiCo's 2026 First Quarter Earnings Question and Answer 00:00:04.615 -- 00:00:07.918 Session. Your lives have been placed on this and only until it is your turn to ask a 00:00:07.918 -- 00:00:13.100 question. Today's call is being recorded and will be archived at www.pepsico.com. 00:00:13.242 -- 00:00:16.705 It is now my pleasure to introduce Mr. Ravi Pamalani, Senior Vice President of Investor 00:00:16.705 -- 00:00:19.527 Relations. Mr. Pamalani, you may begin. 00:00:19.527 -- 00:00:23.711 Thank you, Kevin. Good morning, everyone. I hope everyone has had a chance this morning 00:00:23.711 -- 00:00:28.475 to review our press release and prepared remarks, both of which are available on our 00:00:28.475 -- 00:00:32.964 website. Before we begin, please take note of our cautionary statement. 00:00:32.964 -- 00:00:36.867 We may make forward-looking statements on today's call, including about our business 00:00:36.867 -- 00:00:42.010 plans, guidance, and outlook. Forward-looking statements inherently involve 00:00:42.010 -- 00:00:47.013 risks and uncertainties and only reflect our view as of today, April 16, 00:00:47.013 -- 00:00:51.636 2026, and we are under no obligation to update. 00:00:51.636 -- 00:00:56.779 When discussing our results, we refer to non-GAAP measures which exclude certain items 00:00:56.779 -- 00:00:59.029 from reported results. 00:00:59.029 -- 00:01:04.270 Please refer to our first quarter 2026 earnings release and first quarter 2026 form 00:01:04.270 -- 00:01:09.792 10Q available on pepsico.com for definitions and reconciliations 00:01:09.792 -- 00:01:14.873 of non-GAAP measures and additional information regarding our results, including a 00:01:14.873 -- 00:01:20.015 discussion of fact...