Kraft Foods (KFT) Q1 2012 Earnings Call May 04, 2012 7:00 am ET Executives Christopher Jakubik - Irene B. Rosenfeld - Chairman and Chief Executive Officer David A. Brearton - Chief Financial Officer and Executive Vice President Analysts Kenneth Goldman - JP Morgan Chase & Co, Research Division Andrew Lazar - Barclays Capital, Research Division Christopher Growe - Stifel, Nicolaus & Co., Inc., Research Division Jonathan P. Feeney - Janney Montgomery Scott LLC, Research Division Bryan D. Spillane - BofA Merrill Lynch, Research Division David Palmer - UBS Investment Bank, Research Division Alexia Howard - Sanford C. Bernstein & Co., LLC., Research Division Eric R. Katzman - Deutsche Bank AG, Research Division David Driscoll - Citigroup Inc, Research Division Robert Moskow - Crédit Suisse AG, Research Division Kenneth B. Zaslow - BMO Capital Markets U.S. Matthew C. Grainger - Morgan Stanley, Research Division PresentationOperator
Good day and welcome to Kraft Foods First Quarter 2012 Earnings Conference Call. Today's call is scheduled to last about one hour, including remarks by Kraft management and the question-and-answer session. [Operator Instructions] I'd now like to turn the call over to Mr. Chris Jakubik, Vice President, Investor Relations for Kraft. Please go ahead, sir. Christopher Jakubik Thanks. This is Chris Jakubik. Good afternoon, and thanks for joining us. With me are Irene Rosenfeld, our Chairman and CEO; and Dave Brearton, our CFO. Earlier today, we sent out our earnings release. This release, along with today's slides, are available on our website, kraftfoodscompany.com. As you know, during this call, we'll make forward-looking statements about the company's performance. These statements are based on how we see things today. Actual results may differ materially due to risks and uncertainties. So please refer to the cautionary statements and risk factors contained in our 10-K and 10-Q filings for more details on our forward-looking statements. Some of today's prepared remarks include non-GAAP financial measures. And you can find the GAAP to non-GAAP reconciliations within our earnings release and at the back of the slide presentation.