Q2 2021 General Mills Inc Earnings Call

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Greetings and welcome to the General Mills quarter, two fiscal 2021 earnings call day.

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 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 on Thursday.

Some are 17 2020.

I would now like to turn the conference over to Jeff Siemon. Please go ahead.

Thank you Frank and good morning, everyone. We appreciate you joining us today for our question and answer session on our second quarter results I Hope everyone had time to review our press release listen to the prepared remarks and view our presentation materials, which were made available. This morning on our Investor Relations website.

It's important to note that in our Q and a session. We may make forward looking statements that are based on managements current views and assumptions, including facts and assumptions related to the potential impact of the COVID-19 pandemic on our results in fiscal 21.

Please refer to this mornings 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 virtually with Jeff Harmening, our chairman and CEO Kofi Bruce our CFO and John Nudi Group President of our North America retail segment.

We are in different locations. So we will make sure that technology works well for us and everything goes smoothly.

And with that let's go ahead and get to the first question. Frank you can get us started.

Thank you once again to register a question. Please press to one four on your telephone you will hear a three total, prompting Alger request. If your question has been answered and you would like to draw your registration. Please press the one followed by the three.

Our first question comes from Ken Goldman with JP Morgan. Please proceed.

Hi, good morning, Thank you.

Two from me if I can first quickly on the trade load of pet food was just a catch up from under shipments in prior quarters or was this an advance in advance of what can be done.

Under shipment next quarter or maybe just heightened demand I'm just trying to get a sense of what this means for your third quarter since you Didnt call it out as a headwind.

So thanks, Ken So first let's start with saying we had a tremendous quarter end and profit in general on a really good first half of the year and I think we've proven that despite the fact that we've lapped our food drug and mass expansion that we can continue to growth.