Macy's Inc (M) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.239 Greetings and welcome to the Macy's Inc. First Quarter 2025 Earnings Conference 00:00:05.239 -- 00:00:09.506 Call. At this time, all participants are on a listen-only mode. 00:00:09.506 -- 00:00:13.171 A question and answer session will follow the formal presentation. 00:00:13.171 -- 00:00:17.678 If anyone should require operator assistance during the conference, please press star 00:00:17.678 -- 00:00:22.125 zero on your telephone keypad. As a reminder, this call is being recorded. 00:00:22.125 -- 00:00:27.533 I would now like to turn the call over to Pamela Quintiliano, VP of Investor Relations. 00:00:27.533 -- 00:00:30.374 Pamela, you may now begin. 00:00:30.406 -- 00:00:34.613 Thank you, Operator. Good morning, everyone, and thanks for joining us. 00:00:34.613 -- 00:00:39.982 With me on the call today are Tony Spring, our Chairman and CEO, and Adrienne Mitchell, 00:00:39.982 -- 00:00:45.571 our COO and CFO. Along with our first quarter 2025 press release, 00:00:45.571 -- 00:00:50.559 a Form 8K has been filed with the Securities and Exchange Commission, and a presentation 00:00:50.559 -- 00:00:55.086 has been posted on the Investors section of our website, macysinc.com, 00:00:55.086 -- 00:00:58.958 and it's being displayed live during today's webcast. 00:00:58.958 -- 00:01:03.144 Unless otherwise noted, the comparisons we provide will be versus 2024. 00:01:03.144 -- 00:01:08.292 All references to our prior expectations, outlook, or guidance refer 00:01:08.292 -- 00:01:12.578 to information provided on our March 6th earnings call. 00:01:12.578 -- 00:01:16.965 On today's call, we will refer to certain non-GAAP financial measures. 00:01:16.965 -- 00:01:21.472 Reconciliations of these measures can be found in our earnings presentati...