General Mills, Inc. (GIS) Presents at 23rd annual dbAccess Global Consumer Conference Transcript

Stephen Robert Powers
Deutsche Bank AG, Research Division

Okay. Good morning, everybody. Welcome to day 3 of the Deutsche Bank Global Consumer Conference. To kick things off this morning, I’m thrilled to welcome back General Mills to our conference. And with us today, welcoming back both Dana McNabb, newly assuming her role as Chief Operating Officer; and Kofi Bruce, who you all know as Chief Financial Officer. Which is not to diminish your role as…

Kofi Bruce
Chief Financial Officer

Keep moving.

Stephen Robert Powers
Deutsche Bank AG, Research Division

So we’re going to use the entirety of our time for Q&A. And I guess just to start off, maybe if you want to each offer sort of just the key messages, key overarching messages and then we can dive into details.

Dana McNabb
COO, Group President of North America Retail & North America Pet and Director

Sure. You want me to go. I would say our ultimate goal is to get back to delivering long-term shareholder value. And the way that we’re going to do that is 3 ways. First, we’re going to restore profitable organic growth. We are going to continue to manage our cost efficiency, and we are going to continue to be disciplined in how we’re managing capital. So why don’t I take growth and then you can follow up with the other 2. As you think about returning to organic sales growth, we’ve been focused on improving the remarkability of our brands. That’s about making sure that we’re delivering what the consumer values