The Hershey Company

Greetings and welcome to the Hershey Company first quarter 2022 question and answer session conference. At this time, all participants are on a listen-only mode. As a reminder, this conference is being recorded. If you would like to register a question today, you may do so by pressing star 1 on your telephone keypad. I'd now like to turn the call over to your host, Ms. Melissa Poole, Vice President of Investor Relations for the Hershey Company. Thank you. Please go ahead.

Good morning, everyone. Thank you for joining us today for the Hershey Company's first quarter 2022 earnings Q&A session. I hope everyone has had the chance to read our press release and listen to our pre-recorded management presentation, both of which are available on our website. In addition, we have posted a transcript of the pre-recorded remarks. At the conclusion of today's live Q&A session, we will also post a transcript and audio replay of this call. Please note that during today's Q&A session, we may make forward-looking statements that are subject to various risks and uncertainties. These statements include expectations and assumptions regarding the company's future operations and financial performance. Actual results could differ materially from those projected. The company undertakes no obligation to update these statements based on subsequent events. A detailed listing of such risks and uncertainties can be found in today's press release and the company's SEC filings. Finally, please note that we may refer to certain non-GAAP financial measures that we believe will provide useful information for investors. The presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Reconciliations to the GAAP results are included in this morning's press release. Joining me today are Hershey's Chairman and CEO, Michelle Buck, and Hershey's Senior Vice President and CFO, Steve Voskal. With that, I will turn it over to the operator for the first question.

Ladies and gentlemen, the floor is now open for questions. If you would like to ask a question, please press star 1 on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star 2 if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. In the interest of time, and to allow all participants to ask their questions, we do ask that you please limit yourself to one question and one follow-up. You may re-queue for any additional questions that you may have. Again, that is star one to register questions at this time. The first question is coming from Andrew Lazar of Barclays.