Good morning, this is Aaron Broholm, Vice President, Investor Relations for The J. M. Smucker Company. Thank you for listening to our prepared remarks on our Fiscal 2023 Second Quarter Earnings. After this brief introduction, Mark Smucker, Chair of the Board, President and Chief Executive Officer, will give an overview of the quarter’s results and an update on strategic initiatives. Tucker Marshall, Chief Financial Officer, will then provide a detailed analysis of the financial results and our updated fiscal 2023 outlook. Later this morning, we will hold a separate, live question-and-answer webcast. During today’s discussion, we will make forward-looking statements that reflect our current expectations about future plans and performance. These statements rely on assumptions and estimates, and actual results may differ materially due to risks and uncertainties. Additionally, please note we will refer to non-GAAP financial measures management uses to evaluate performance internally. I encourage you to read the full disclosure concerning forward-looking statements and details on our non-GAAP measures in this morning’s press release. Today’s press release, a supplementary slide deck summarizing the quarterly results, management’s prepared remarks, and the Q&A webcast can all be accessed on our Investor Relations website at jmsmucker.com. We invite all interested parties to join us at 9:00 am Eastern Standard Time today for a live question-and-answer session with management to further discuss our second quarter results and outlook for the full 2023 fiscal year. Please contact me if you have additional questions after today’s question-and-answer session. I will now turn the discussion over to Mark Smucker.

Thank you, Aaron, and good morning, everyone. Following a solid start to the fiscal year, our momentum continued across all our businesses in the second quarter. Enabled by the extraordinary contributions of our people, we delivered strong results that exceeded our expectations, reflecting the strength of our iconic brands, our focus on execution and the continued advancement of our strategic priorities. In the second quarter, net sales increased 8% versus the prior year, with every business outperforming our expectations. Comparable net sales excluding divested businesses and foreign exchange, increased 11%. Elasticities remained modest across our portfolio, most notably for pet food and snacks, Uncrustables sandwiches, and fruit spreads. Our strong top-line growth was led by our Pet and Coffee businesses, along with robust growth for the Uncrustables brand. These platforms continue to be key enablers of sustained growth and reflect strong execution against our strategy of leading in the attractive categories of pet, coffee, and snacking. Adjusted earnings per share decreased 1%, primarily driven by reduced volume mix and anticipated cost increases, inclusive of the unfavorable impact from the Jif peanut butter recall, mostly offset by higher net price realization. Given our stronger than anticipated second quarter results, sustained business momentum and increased visibility into the second half of the fiscal year, we are raising our top and bottom-line guidance. We now expect net sales for fiscal 2023 to be up 6% at the midpoint of our range, which reflects 8% comparable growth versus the prior year. Additionally, we expect full-year adjusted earnings per share to be in the range of $8.35 to $8.75, reflecting the strong Q2 results and increased top-line growth expectations for the remainder of the fiscal year. We remain confident in our strategy and the strength of our brands, while our improved execution reinforces our ability…

Thank you, Mark. Good morning, everyone. First, I’ll begin by giving an overview of our second quarter results, and then I’ll provide details on our updated financial outlook for the remainder of fiscal 2023. Total company net sales increased 8%. Excluding the impact of divestitures and foreign exchange, net sales increased 11%. The increase in comparable net sales was primarily driven by a 17 percentage point increase from higher net price realization, reflecting list price increases for each of the Company's U.S. retail segments and for International and Away from Home, partially offset by a 6 percentage point decrease from volume mix, primarily driven by the U.S. Retail Coffee segment. Adjusted gross profit was in-line with the prior year, primarily reflecting a favorable net impact of higher net price realization and increased commodity and ingredient, transportation and packaging costs, inclusive of the unfavorable impact related to the Jif peanut butter recall, mostly offset by a reduced contribution from volume mix, and the noncomparable impact of the divested natural beverage and grains businesses. Further, excluding the unfavorable impact related to the Jif peanut butter recall, gross profit would have increased versus the prior year. Adjusted operating income decreased $8 million, or 2%, reflecting an increase in SD&A expenses. Within SD&A, general and administrative and distribution expenses increased $13 million, partially offset by favorable marketing expense of $8 million. We remain confident in our overall level and consistency of marketing and brand building activities to sustain momentum for our key growth platforms. Below operating income, net interest expense decreased $1 million, primarily due to the net favorable impact of debt repayments and issuances in the prior fiscal year. The adjusted effective income tax rate was 24.4%, compared to 23.5% in the prior year. Factoring in all these considerations, along with diluted weighted-average…