The Kraft Heinz Company

Good morning, and welcome to the Kraft Heinz Company Quarter 4, 2024 earnings. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero or your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Anne Marie Magella. Thank you, Anne. You may begin.

Thank you, and hello, everyone. 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. We 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 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.baphinescompany.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 it over to our Chief Executive Officer, Carlos Abrams-Rivera, for opening comments. Carlos, over to you.

Well, thank you, Marie, and thanks, everyone, for joining us today. I want to thank the Krupp-Heinz team for their hard work and dedication this past year. You know, even though it was a tough year, We stay focused on building for the future and improving profit margins while boosting the free cash flow. We do know that the economic landscape was rough, but we are proud that we returned $2.7 billion to our stockholders through share buybacks and dividends, which provide the highest yield in the food industry. Looking ahead to 2025, we are seeing key successes that aren't yet showing up in our financials, and we are expected to see improving top line throughout the year while preserving profitability. Frankly, I'm proud of the progress the teams are driving and confident that our strategy will yield long-term returns for our shareholders. Now with that, today I have Andrew joining me. So let's open for the call for the Q&A.