General Mills, Inc.

Greetings and welcome to the General Mills Q1 Fiscal 24 Earnings 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 1 followed by the 4 on your telephone. If at any time during the conference you need to reach an operator, please press star 0. As a reminder, this conference is being recorded on Wednesday, September 20th. I would now like to turn the conference over to Mr. Jeff Seaman, VP of Investor Relations. Please go ahead.

Thank you, Frank, and good morning, everyone. Thanks for joining us today for our Q&A session on our first quarter fiscal 2024 results. I hope everyone had time to preview our press release, listen to our prepared remarks, and view our presentation materials, which we made available this morning on our Investor Relations 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 this morning 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. Frank, can you please get us started?

Thank you. If you would like to register a question, please press the one followed by the four on your telephone. Our first question comes from Ken Goldman with JP Morgan. Please proceed.