Constance K. Weaver | Tracker Group |
Jan Zijderveld | Avon Products, Inc. |
Jamie Wilson | Avon Products, Inc. |
Lauren R. Lieberman | Barclays Capital, Inc. |
Wendy C. Nicholson | Citi Investment Research |
Ali Dibadj | Sanford C. Bernstein & Co. LLC |
Nik Modi | RBC Capital Markets LLC |
Olivia Tong | Bank of America Merrill Lynch |
Stephanie Wissink | Jefferies LLC |
Douglas M. Lane | Lane Research |
Good morning. My name is Dorothy, and I will be your conference operator today. At this time, I would like to welcome everyone to Avon's First Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.