General Mills, Inc.

And welcome to the General Mills first quarter fiscal 2023 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, September 21st, 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, everyone. We appreciate you joining us today for our Q&A session on our first quarter fiscal 23 results. I hope everyone had time to review our press release. and listen to our prepared remarks and view the presentation materials, which were made available this morning on our IR website. It's important to note that in our Q&A session, we may make forward-looking statements that are based on our 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 Newdy, Group President of our North America Retail segment. So let's go ahead and get to the first question. Kelly, can you please get us started?

Certainly. Thank you. If you'd like to register a question, please press the 1 followed by the 4 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 1 followed by the 3. Once again, it's 1-4 if you would like to register for a question. And our first question comes from Andrew Lazar with Barclays. You may proceed with your question.