General Mills, Inc.

joining us today for our Q&A session on our third quarter fiscal 25 results. I hope you all had 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 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, and Kofi Bruce, our CFO. So let's go ahead and get to the first question. Julianne, can you please get us started?

Absolutely. Just as a reminder, to ask a question, please press star followed by the number one on your telephone keypad. Our first question comes from Andrew Lazar from Barclays. Please go ahead. Your line is open.

Great. Thanks so much. Good morning, everybody. Good morning. Jeff, you mentioned in the prepared remarks the sharp focus, right, on accelerating organic growth as you move into fiscal 26. And you highlight the, you know, at least 5% HMM savings, the additional $100 million in cost saves on top of this. And I think you've said previously you plan to reinvest the 53rd week as well. So I guess my question is, you know, with the sizable step up in investment planned for fiscal 4Q, How do we think about the incremental investment that you think is needed for fiscal 26 beyond what you're already doing in the fourth quarter this year? And in thinking about those investments, I guess, what does the balance of spend look like or the mix between, you know, work that still needs to be done on price points specifically versus, let's say, innovation, you know, in-store activity and media expense? Thanks so much.