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PepsiCo (PEP) Earnings Report: Q3 2015 Conference Call Transcript


The following PepsiCo (PEP - Get Report) conference call took place on October 7, 2015, 05:00 AM ET. This is a transcript of that earnings call:

Company Participants

  • Jamie Caulfield; PepsiCo, Inc.; SVP, IR
  • Indra Nooyi; PepsiCo, Inc.; Chairman & CEO
  • Hugh Johnston; PepsiCo, Inc.; Vice Chairman & CFO

Other Participants

  • John Faucher; JPMorgan; Analyst
  • Dara Mohsenian; Morgan Stanley; Analyst
  • Bryan Spillane; Bank of America Merrill Lynch; Analyst
  • Caroline Levy; CLSA Limited; Analyst
  • Judy Hong; Goldman Sachs; Analyst
  • Vivien Azer; Cowen and Company; Analyst
  • Ali Dibadj; Bernstein; Analyst
  • Bill Schmitz; Deutsche Bank; Analyst
  • Kevin Grundy; Jefferies LLC; Analyst
  • Bill Marshall; Barclays Capital; Analyst
  • Steve Powers; UBS; Analyst

MANAGEMENT DISCUSSION SECTION Operator: Good morning. Welcome to PepsiCo's third quarter 2015 earnings conference call.


(Operator Instructions) Today's call is being recorded and will be archived at It is now my pleasure to introduce Mr. Jamie Caulfield, Senior Vice President of Investor Relations. Mr. Caulfied, you may begin. Jamie Caulfield (SVP, IR): Thank you. Joining me on the call today are Indra Nooyi, PepsiCo's Chairman and CEO; and Hugh Johnston, PepsiCo's CFO. We'll lead off with prepared comments and then turned to Q&A. As we begin the call, it's important to note the following. We'll make forward-looking statements on this call. Any forward-looking statement inherently involves risks and uncertainties that could cause actual results to differ materially from the current predictions and expectations. Information on such risks can be found in today's earnings release and our most...