ConAgra Brands, Inc.

Good morning and welcome to the ConAgra brand's third quarter fiscal 2025 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal conference specialists by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touchtone phone. And to withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Mr. Matthew Nysas. Senior Director of Investor Relations for ConAgra Brands. Please go ahead.

Good morning, everyone, and thank you for joining us today. Once again, I'm joined this morning by Sean Connolly, our CEO, and Dave Marburger, our CFO. We may be making some forward-looking statements and discussing non-GAAP financial measures during this session. Please see our earnings release, prepared remarks, presentation materials, and filings with the SEC which can be found in the investor relations section of our website for more information, including descriptions of our risk factors, gap to non-gap reconciliations, and information on our comparability items. I'll now ask the operator to introduce the first question.

The first question will come from Andrew Lazar with Barclays. Please go ahead.