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April 26, 2012 8:00 am ET
Jamie Caulfield - Senior Vice President of Investor Relations
Indra K. Nooyi - Chairman and Chief Executive Officer
Hugh F. Johnston - Chief Financial Officer and Executive Vice President
William Pecoriello - Consumer Edge Research, LLC
John A. Faucher - JP Morgan Chase & Co, Research Division
Dara W. Mohsenian - Morgan Stanley, Research Division
Bryan D. Spillane - BofA Merrill Lynch, Research Division
Kaumil S. Gajrawala - UBS Investment Bank, Research Division
Judy E. Hong - Goldman Sachs Group Inc., Research Division
Ali Dibadj - Sanford C. Bernstein & Co., LLC., Research Division
Mark Swartzberg - Stifel, Nicolaus & Co., Inc., Research Division
Good morning, and welcome to PepsiCo's First Quarter 2012 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. Jamie Caulfield, Senior Vice President of Investor Relations. Mr. Caulfield, you may begin.
Thanks, Jackie. With me today are Indra Nooyi, PepsiCo's Chairman and CEO; and Hugh Johnston, PepsiCo's CFO. Indra will lead off today's call with a review of our overall performance. Hugh will cover the financials and our balance of your outlook, and then we'll move on to Q&A.
Before we begin, please take note of our cautionary statement. This conference call includes forward-looking statements, including statements regarding 2012 guidance based on currently available information. Forward-looking statements inherently involve risks and uncertainties that could cause our actual results to differ materially from those predicted in such forward-looking statements. Statements made on this conference call should be considered together with cautionary statements and other information contained in today's earnings release and in our most recent periodic reports filed with the SEC.