General Mills, Inc.

Greetings and welcome to the General Mills fourth quarter fiscal 2022 earnings Q&A webcast. 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, June 29th, 2022. I would now like to turn the conference over to Jeff Seaman, VP of Investor Relations. Please go ahead.

Thank you, Kelly, and good morning to everyone. We appreciate you joining us today for our Q&A session on our fourth quarter and full year fiscal 22 results. I hope everyone had the time to review our press release, listen to our prepared remarks, and view our presentation materials, which were made available this morning on our investor relations website. Please note that in our Q&A session, we will make forward-looking statements that are based on management's current views and assumptions. Please refer to this morning's press release for factors that could impact forward-looking statements and for reconciliations of non-GAAP information, which may be discussed on today's call. I'm here with Jeff Harmoning, our Chairman and CEO, Kofi Bruce, our CFO, and John Newby, Group President of our North America Retail segment. Let's go ahead and get right to the first question. So Kelly, can you please get us started?

Certainly. Thank you. If you'd like to register a question, please press the one followed by the four on your telephone. You will hear a three-tone prompt to acknowledge your request. If your question has been answered and you would like to withdraw your registration, please press the one followed by the three. Our first question comes from Andrew Lazar with Barclays. You may proceed with your question.