7/30/2020

speaker
Operator
Conference Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Keurig Dr. Pepper's earnings call for the second quarter of 2020. This conference call is being recorded and there will be a question and answer session at the end of the call. I would now like to introduce Keurig Dr. Pepper's Chief Corporate Affairs Officer, Ms. Maria Esquepa-Gurcio. Ms. Esquepa-Gurcio, please go ahead.

speaker
Maria Esquepa-Gurcio
Chief Corporate Affairs Officer

Thank you and good morning, everyone. Thanks for joining us. Here with me today to discuss our second quarter 2020 results our KDP Chairman and CEO, Bob Gamgort, our CFO, Ozan Dakmasioglu, and Senior Director of Investor Relations, Steve Alexander. Steve is sitting in today for Tyson Seeley, our Vice President of Investor Relations, who is home on baby duty, as he and his wife just welcomed their second daughter into the family earlier this week. Our best wishes go out to all of them. I will now hand it over to Steve to cover a few comments.

speaker
Steve Alexander
Senior Director of Investor Relations

Thanks, Maria, and hello, everyone. Earlier this morning, we issued two press releases. The first announced that we have entered into a long-term franchise agreement for Polar Shelter, and the second was our Q2 press release. If you need a copy of either release, you can get one on our website at cureddrpepper.com in the investor section. Consistent with previous quarters, today we will be discussing our performance on an adjusted basis, excluding items affecting comparability. The company believes that the adjusted basis provides investors with additional insight into our business and operating performance trends. While the exclusion of items affecting comparability is not in accordance with GAAP, we believe that the adjusted basis provides meaningful comparisons and an appropriate basis for discussion of our performance. Details of the excluded items are included in the reconciliation tables included in our press release and our 10-Q, which will be filed later today. Due to the inability to predict the amount and timing of certain impacts outside of the company's control, we do not reconcile our guidance. Finally, our discussion this morning may include forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially, and the company undertakes no obligation to update these statements based on subsequent events. A detailed discussion of these risks and uncertainties is contained in the company's filings with the SEC. With that, I'll hand it over to Bob.

Disclaimer

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