Michael Hsu | CEO |
Maria Henry | CFO |
Paul Alexander | VP of IR |
Lauren Lieberman | Barclays |
Nik Modi | RBC Capital Markets |
Ali Dibadj | Sanford C. Bernstein |
Bonnie Herzog | Wells Fargo |
Olivia Tong | Bank of America Merrill Lynch |
Andrea Teixeira | JPMorgan |
Steve Powers | Deutsche Bank |
Herb Eppich | Jefferies |
Steve Strycula | UBS |
Jonathan Feeney | Consumer Edge Research |
Caroline Levy | Macquarie |
Ladies and gentlemen, thank you for your patience in holding. We now have your presenters in conference. Please be aware that each of your lines is in a listen-only mode. At the conclusion of today's presentation, we will open the floor for questions. At that time, instructions will be given as to the procedure to follow if you would like to ask a question.