PepsiCo, Inc. (PEP) Q4 2024 Earnings Call Transcript

PepsiCo, Inc. (PEP) Q4 2024 Earnings Call Transcript

PepsiCo, Inc. (NASDAQ:PEP) Q4 2024 Earnings Conference Call February 4, 2025 8:15 AM ET

Company Participants

Ravi Pamnani – Senior Vice President, Investor Relations
Ramon Laguarta – Chairman & Chief Executive Officer
Jamie Caulfield – Executive Vice President & Chief Financial Officer

Conference Call Participants

Lauren Lieberman – Barclays
Bonnie Herzog – Goldman Sachs
Kaumil Gajrawala – Jefferies
Dara Mohsenian – Morgan Stanley
Bryan Spillane – Bank of America
Filippo Falorni – Citi
Peter Grom – UBS
Steve Powers – Deutsche Bank
Michael Lavery – Piper Sandler
Drew Levine – JPMorgan
Robert Moskow – TD Cowen
Chris Carey – Wells Fargo
Kevin Grundy – BNP Paribas

Operator

Good morning, and welcome to PepsiCo’s Fourth Quarter and Full Year 2024 Earnings Question-and-Answer Session. Your lines have been placed on listen-only till it’s your turn to ask a question. 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

Thank you, Kevin, and good morning, everyone.

I hope everyone has had a chance this morning to review our press release and prepared remarks, both of which are available on our website.

Before we begin, please take note of our cautionary statement. We may make forward-looking statements on today’s call, including about our business plans, guidance and outlook. Forward-looking statements inherently involve risks and uncertainties and only reflect our view as of today, February 4, 2025, and we are under no obligation to update.

When discussing our results, we refer to non-GAAP measures, which exclude certain items from reported results. Please refer to our fourth quarter 2024 earnings release and 2024 Form 10-K available on pepsico.com for definitions and reconciliations of non-GAAP measures and additional information regarding our results, including a discussion of

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