The Kraft Heinz Company

Good day and thank you for standing by. Welcome to the Kraft Heinz Company fourth quarter results conference call. At this time, all participants are in a listen only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, please press star 1 1 on your telephone and wait for your name to be announced. To withdraw your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today. Anne-Marie Magella, Head of Global Investor Relations.

Thank you, and hello, everyone. This is Anne-Marie Magella, Head of Investor Relations at the Kraft Heinz Company, and welcome to our Q&A session for our fourth quarter 2023 business update. During today's call, we may make forward-looking statements regarding our expectations for the future, including items related to our business plans and expectations, strategies, efforts and investments, and related timing and expected impacts. These statements are based on how we see things today, and actual results may differ materially due to risk and uncertainties. Please see the cautionary statements and risk factors contained in today's earnings release, which accompanies this call, as well as our most recent 10-K, 10-Q, and 8-K filings for more information regarding these risks and uncertainties. Additionally, we may refer to non-GAAP financial measures, which exclude certain items for our financial results reported in accordance with GAAP. Please refer to today's earnings release and the non-GAAP information available on our website at ir.krath-heinz-company.com under News and Events for a discussion of our non-GAAP financial measures and reconciliations to the comparable GAAP financial measures. Before we begin the Q&A session, it gives me great pleasure to hand it over to Carlos Abrams-Rivera for opening comments and to host his first earnings update as our chief executive officer. Carlos, over to you.

Well, thank you, Anne-Marie, and thank you, everyone, for joining us today. You know, before opening the call for questions, I just would like to say thank you to all my colleagues here at Kraft Heinz for delivering another solid 2023 results. And at the same time, making the strategic investment for the future. And frankly, all that while navigating some persistent industry pressures. I am very enthusiastic for our next chapter here at Kraft Heinz. And in 2024, we expect to drive top-line growth, return to positive volumes, expand growth margins and operating margins, and continue to reinvest in the business and in our county brands. With that, I have Andrew joining me today. Let's open the call for the Q&A.