General Mills, Inc.

Ladies and gentlemen, thank you for standing by. Welcome to the third quarter fiscal 2019 earnings conference call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question and answer session. At that time, if you have a question, please press the one followed by the four on your telephone. If at any time during the conference you need to reach an operator, please press star zero. As a reminder, this conference is being recorded Wednesday, March 20th, 2019. Now I'd like to turn the conference over to Jeff Seaman. Please go ahead.

Thanks, Edison, and good morning to everyone. I'm here with Jeff Harmoning, our chairman and CEO, Don Mulligan, our CFO, and John Newdy, who leads our North America retail segment, who will join us for the Q&A portion of the call. And I'll turn it over to them in a moment, but before I do, I'll cover a few housekeeping items. Our press release on our third quarter results was issued over the wire services earlier this morning, and you can find the release and a copy of the slides that supplement our remarks this morning on our investor relations website. Please note that our remarks this morning will include forward-looking statements that are based on management's current views and assumptions. The second slide in today's presentation lists factors that could cause our future results to be different than our current estimates. And with that, I'll turn you over to my colleagues, beginning with Jeff.

Thanks, Jeff, and good morning, everyone. There are three things I hope you'll take away from today's call. First, we had a strong third quarter with solid execution, leading to positive organic sales growth and significant operating margin expansion. Second, our year-to-date performance and fourth quarter plans give us confidence that we will meet or exceed all of our key fiscal 2019 financial targets. Specifically, we are raising guidance for full-year adjusted diluted earnings per share and free cash flow conversion, and we expect net sales will finish toward the lower end of our guidance range, And adjusted operating profit will finish toward the higher end of the range. And third, our improved execution and strengthened performance this year reinforce our view that a balanced approach to top and bottom line growth, centered on our consumer first strategy, will drive long-term value for our shareholders. Now I'll turn it over to Don to walk through our financial performance in the quarter. Then I'll come back to provide an update on our fiscal 2019 priorities and share a few highlights of our year-to-date performance.