Richard Galanti | EVP & CFO |
Michael Lasser | UBS |
Charles Grom | Gordon Haskett |
John Heinbockel | Guggenheim Securities |
Karen Short | Barclays |
Simeon Gutman | Morgan Stanley |
Daniel Binder | Jefferies |
Christopher Horvers | JP Morgan |
Edward Kelly | Wells Fargo |
Matthew Fassler | Goldman Sachs |
Paul Trussell | Deutsche Bank |
Kelly Bania | BMO Capital Markets |
Scott Mushkin | Wolfe Research |
Charles Cerankosky | Northcoast Research |
Good afternoon, everyone. My name is Christy, and I will be your conference operator today. At this time, I would like to welcome everyone to Costco Wholesale Corporation First Quarter Earnings Call. [Operator Instructions] Thank you. I would now like to turn the conference over to CFO, Richard Galanti.