Kellogg Co. (K) Q1 2014 Earnings Call Corrected Transcript: 01-May-2014
Simon D. Burton - Vice President-Investor Relations, Kellogg Co.
John A. Bryant - President and Chief Executive Officer, Kellogg Co.
Ronald L. Dissinger - Chief Financial Officer, Kellogg Co.
Andrew Lazar - Analyst, Barclays Capital, Inc.
Kenneth B. Goldman - Analyst, JPMorgan Securities LLC
Bryan D. Spillane - Analyst, Bank of America/Merrill Lynch
Robert B. Moskow - Analyst, Credit Suisse Securities (USA) LLC (Broker)
Alex M. Sloane - Analyst, Societe Generale SA (Broker)
David H. Hayes - Analyst, Nomura International Plc
Eric R. Katzman - Analyst, Deutsche Bank Securities, Inc.
Alexis N. Borden - Analyst, Citigroup Global Markets Inc. (Broker)
David S. Palmer - Analyst, RBC Capital Markets LLC
Matthew C. Grainger - Analyst, Morgan Stanley & Co. LLC
Alexia J. Howard - Analyst, Sanford C. Bernstein & Co. LLC
MANAGEMENT DISCUSSION SECTION
Operator: Good morning. Welcome to the Kellogg Company First Quarter 2014 Earnings Call. All lines been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. [Operator Instructions] Please note this event is being recorded. Thank you.
At this time, I will turn the call over to Simon Burton, Kellogg Company Vice President of Investor Relations. Mr. Burton, you may begin your conference.
Simon D. Burton, Vice President-Investor Relations
Thanks, Emily, and good morning, and thanks to everybody else for joining us today for a review of our first quarter 2014 results. I am joined by John Bryant, President and CEO; and Ron Dissinger, Chief Financial Officer.
The press release and slides that support our remarks this morning are posted on our website at www.kelloggcompany.com. And as you are aware, certain statements made today such as projections for Kellogg Company's future performance including earnings per share, net sales, margin, operating profit, interest expense, tax rate, cash flow, brand building, upfront costs, investments, and inflation are forward-looking statements. Actual results could be materially different from those projected. For further information concerning factors that could cause these results to differ, please refer to the second side of this presentation as well as to our public SEC filings. As a reminder, a replay of today's conference call will be available by phone through Thursday, May 8. The call will also be available via webcast which will be archived for at least 90 days.