Campbell Soup Company

Good morning and welcome to the Campbell's Company second quarter 2026 question and answer session. At this time, all participants are in listen-only mode. After the introductory remarks, we will open up the lines for questions. To ask a question, you'll need to press star followed by the number one on your telephone keypad. As a reminder, this conference is being recorded. I will now turn the call over to Rebecca Gardy, Chief Investor Relations Officer. Ms. Gardy, you may begin.

Good morning, and thank you for joining the Campbell's Company second quarter 2026 earnings question and answer session. Earlier this morning, we released our earnings press release, earnings slide presentation, and management's prerecorded remarks, including both the transcript and the audio of the remarks. All of the Q2 earnings materials are available on our website. At the conclusion of today's live Q&A session, we will post a transcript and audio replay of this call. During today's call, we may make forward-looking statements which reflect our current expectations about future plans and performance. These statements rely on assumptions and estimates which could be inaccurate and are subject to risk. Please refer to slide three of our earnings presentation or our SEC filings for a list of factors that could cause our actual results to vary materially from those anticipated in the forward-looking statements. Because we use non-GAAP measures that we believe provide useful information for investors, we have provided a reconciliation of each of these measures to the most directly comparable GAAP measure in the appendix of our earnings presentation. Non-GAAP measures are not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Joining me today are Mick Bakehausen, Chief Executive Officer, and Todd Comfer, our Chief Financial Officer. We will now open the call for questions. Operator?

As a reminder 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 today comes from Andrew Lazar from Barclays. Please go ahead. Your line is open.