PepsiCo Inc (MIL:1PEP)
€ 153.16 1.1 (0.72%) Market Cap: 211.78 Bil Enterprise Value: 245.78 Bil PE Ratio: 24.54 PB Ratio: 11.73 GF Score: 63/100

Q4 2019 PepsiCo Inc Earnings Call Transcript

Feb 13, 2020 / 12:45PM GMT
Operator

Good morning and welcome to PepsiCo's Fourth Quarter 2019 Earnings Conference Call. (Operator Instructions) Today's call is being recorded and will be archived at www.pepsico.com.

It is now my pleasure to introduce Mr. Ravi Pamnani, Senior Vice President of Investor Relations. Mr. Pamnani, you may begin.

Ravi Pamnani
PepsiCo, Inc. - SVP of IR

Thank you, operator, and good morning, everyone. I'm joined this morning by PepsiCo's Chairman and CEO, Ramon Laguarta; and PepsiCo's Vice Chairman and CFO, Hugh Johnston. We'll begin with some brief prepared comments from Ramon and Hugh, and then open up the call to your questions.

Before we begin, please take note of our cautionary statement. We will make forward-looking statements on today's call, including about our business plans and 2020 guidance. Forward-looking statements inherently involve risks and uncertainties and reflect our view as of today, and we are under no obligation to update.

When discussing our results, we

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