General Mills, Inc.

Greetings and welcome to the General Mills fourth quarter and full year fiscal 23 earnings Q&A webcast. During the presentation, all participants will be in a listen-only mode. Afterwards, we'll 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 28, 2023. I would now like to turn the conference over to Jeff Seaman, Vice President, Investor Relations. Please go ahead.

Thank you, Malika, and good morning, everyone. Thank you so much for joining us today for our Q&A session on our fourth quarter and full year fiscal 23 results. I hope everyone had a time this morning to review our press release, listen to our prepared remarks, and view our presentation materials, which were made available on our Investor Relations site. It's important to note that in our Q&A session, we may 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 Newdy, Group President for our North America Retail segment. So let's go ahead and get to the first question. Malika, can you please get us started?

Certainly. Thank you. Ladies and gentlemen, as a reminder, once again, if you would like to register for 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. Once again, that is one four to ask a question. Our first one question is from the line of Pardon me. John Baumkater with Museo Securities. Please go ahead. Your line is now open.