General Mills, Inc.

Greetings and welcome to the General Mills third quarter fiscal 23 earnings Q&A webcast. During the presentation, all participants will be in the listen-only mode. Later, we will conduct a question and answer session. At that time, if you have a question, please press the 1 followed by the 4 on your telephone. If at any time during the conference you need to reach the operator, please press star 0. As a reminder, this conference is being recorded. Thursday, March 23, 2023. It is now my pleasure to turn the conference over to Jeff Seaman. Please go ahead.

Thank you, Tina, and good morning to everyone. Thank you for joining us today for this Q&A session on our third quarter fiscal 2023 results. I hope everyone had time to review the press release, listen to our prepared remarks, and view our presentation materials, which were made available this morning on our investor relations websites. 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. Let's go ahead and get to the first question. Tina, can you please get us started?

Thank you. As a reminder, you may press the 1 followed by the 4 if you would like to register a question or comment. The first question comes from David Palmer of Evercore. One moment, please. The first question comes from Andrew Lazar of Barclays. Please go ahead.