The Kraft Heinz Company

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

Thank you, and hello, everyone. Welcome to our Q&A session for our third quarter 2024 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, strategy, 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 to exclude certain items from 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.krathheinscompany.com under News and Events for a discussion of our non-GAAP financial measures and reconciliations to the comparable GAAP financial measures. I will now hand over I will now hand it over to our Chief Executive Officer, Carlos Abrams-Rivera, for opening comments. Carlos, over to you.

Thank you, Anne-Marie, and thank you, everyone, for joining us today. We report our third quarter results. I first want to recognize the entire Kraft Heinz team for their continued dedication to making life delicious for our consumers. In today's uncertain environment, people are increasingly seeking value. our commitment to serving them with our iconic brands remains unwavering. For our stockholders, our focus remains on executing against our strategic pillars, driving profitable growth, and generating strong cash flow. Both global away-from-home and emerging markets are growing and gaining momentum, and we are addressing areas for improvements in U.S. retail. By maintaining a disciplined management approach and long-term perspectives, we're able to navigate today's near-term volatility while generating strong cash flow and reinvesting in the business. We have the right strategy. We have amazing talent and competitive advantage culture. This gives me great confidence that we can drive consistent, long-term, profitable growth. And with that, I have Andrea joining me. So let's open the call for the Q&A.