The Campbell's Company

Good morning and welcome to the Campbell's Company third quarter 2026 earnings question and answer session. Today's conference is being recorded. All lines will be muted during the introductory remarks with an opportunity for questions and answers afterwards. If you would like to ask a question, please press star one on your telephone keypad. I would now like to turn the call over to Joshua Levine, Chief Investor Relations Officer at Campbell's.

Good morning and thank you for joining the Campbell's Company's third quarter fiscal 2026 earnings question and answer session. Earlier this morning, in conjunction with today's earnings announcement, the company published its press release, Form 10Q and slide presentation, as well as both a written and audio recording of management's prepared remarks. All of these materials can be found on the investors section of our website. Shortly after the conclusion of today's live Q&A session, we will post a transcript and audio replay of this call. Joining me today, are Mick Baikhausen, President and Chief Executive Officer, and Todd Confer, our Chief Financial Officer. During today's discussion, management may make forward-looking statements which reflect our current expectations about future plans and performance. These statements rely on assumptions and estimates and are subject to risks and uncertainties. Please refer to slide three of our presentation or our SEC filings for a discussion of factors that could cause our actual results to differ materially. We also use non-GAAP financial measures that we believe provide useful information for investors. Reconciliations to the most directly comparable GAAP measures are included in the appendix of our earnings presentation. Non-GAAP financial measures are not intended to be considered in isolation from or as a substitute for the financial information presented in accordance with GAAP. We will now open the call for questions. Operator?

If you would like to ask a question, please press star followed by the number one on your telephone keypad. To withdraw any questions, please press star one again. Thank you. Our first question comes from Andrew Lazar from Barclays. Please go ahead. Your line is open.