Scholars and regulators posit that investors leverage previously obtained private information when responding to firms’ subsequent public disclosures. We empirically test this hypothesis by examining the occurrence of private meetings with management preceding earnings announcements. Specifically, we focus on firms that issue stand-alone management guidance alongside private meetings, compared to a matched sample of firms that also issue stand-alone guidance but do not hold such meetings. Our findings indicate an incremental 10 percent reduction in investor uncertainty surrounding the subsequent earnings announcements of firms with private meetings relative to those without. This reduction is more pronounced for firms with more soft information, suggesting that investors derive valuable insights from these meetings. We conclude that the soft information gathered during private meetings aids investors in interpreting subsequent earnings announcements with implications for resolving investor uncertainty.