Campbell Soup Company (NYSE:CPB) Q3 2020 Earnings Conference Call - Final Transcript

Jun 03, 2020 • 08:30 am ET


Campbell Soup Company (NYSE:CPB) Q3 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Campbell Soup Q3 2020 Earnings Q&A Session.

[Operator Instructions]

I would now like to hand the conference over to your speaker today, Ms. Rebecca Gardy, Vice President, Investor Relations. Ma'am, you may begin.

Rebecca Gardy

Thank you, operator.

I hope everyone has had the chance this morning to read our press release and listen to our prerecorded management presentation, both of which are available on the Investor Relations section of In addition, we have posted a transcript of the pre-recorded presentation. After the conclusion of today's live Q&A session, we will post a transcript and an audio replay of this call.

Please note that during today's Q&A session, we may make forward-looking statements, which reflect our current expectations about our business plans, our 2020 guidance and the potential impact of the COVID-19 pandemic on our business. These statements rely on assumptions and estimates, which could be inaccurate and are subject to risk. We will also refer to certain non-GAAP measures. Please refer to today's earnings release available on the Investors section of our website, for a list of factors that could cause our actual results to vary materially from those anticipated in forward-looking statements and for reconciliations of non-GAAP measures to their most directly comparable GAAP measures.

Joining me today are Mark Clouse, Campbell's President and CEO, and Mick Beekhuizen, Chief Financial Officer. We kindly ask that you limit yourself to two questions.

And now with that, I'll turn it over to the operator for the first question. Operator?