ConAgra Brands, Inc.

Good morning, and welcome to the ConAgra Brands Q1 Fiscal Year 27 Earnings Q&A conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. Please also note, today's event is being recorded. At this time, I'd like to turn the floor over to Matthew Nysis, Head of Investor Relations. Please go ahead.

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

And at this time, we'll begin that question and answer session. To ask a question, you may press star and then one. If you are using a speakerphone, we do ask that you please pick up your handset before pressing the keys. To withdraw your questions, you may press star and two. In the interest of time, we do ask that you please limit yourselves to a single question. At this time, we'll pause momentarily to assemble the roster. Our first question today comes from Andrew Lazar from Barclays. Please go ahead with your question.