Keurig Dr Pepper Inc at RBC Global Consumer & Retail Conference (Virtual) Transcript

May 27, 2020 / 12:00PM GMT
Nik Modi - RBC Capital Markets, Research Division - MD of Tobacco, Household Products and Beverages & Lead Consumer Staples Analyst

Good morning, everyone, and welcome to RBC's 2020 Consumer and Retail Conference. I'm Nik Modi, RBC's HPC, Beverage, Packaged Food and Tobacco analyst. What better way to start the conference than with a company that sells coffee? I'm very pleased to be joined by Keurig Dr Pepper Chairman and CEO, Bob Gamgort; and Chief Financial Officer, Ozan Dokmecioglu; and VP of IR, Tyson Seely. Since the merger of Keurig, Green Mountain and Dr Pepper Snapple, KDP has delivered strong double-digit earnings growth and healthy cash flow supporting consistent progress at deleveraging the balance sheet. KDP has shown an unmatched ability to execute in these challenging times, coming off a quarter where they gained share within total beverages, reflecting continued strength from CSDs to coffee.

So with that intro, let me take the call over to Bob Gamgort for some opening comments.

Robert J. Gamgort - Keurig Dr Pepper Inc. - Executive Chairman,

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