Macy's Inc (M) Q2 2025 Earnings Call

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WEBVTT 00:00:01.887 -- 00:00:07.672 Greetings and welcome to the Macy's Inc. Second Quarter 2025 Earnings Call. 00:00:07.672 -- 00:00:11.235 At this time, all participants are on a listen-only mode. 00:00:11.235 -- 00:00:14.138 A question and answer session will follow the formal presentation. 00:00:14.138 -- 00:00:18.482 If anyone should require operator assistance during the conference, please press star 00:00:18.482 -- 00:00:23.406 zero on your telephone keypad. As a reminder, this conference is being recorded. 00:00:23.406 -- 00:00:27.830 I would now like to turn the call over to Pamela Quintiliano, VP of Investor Relations. 00:00:27.830 -- 00:00:28.871 Pamela, you may now begin. 00:00:28.871 -- 00:00:30.432 Thank 00:00:30.432 -- 00:00:34.472 you, operator. Good morning, everyone, and thanks for joining us. 00:00:34.472 -- 00:00:39.478 With me on the call today are Tony Spring, our chairman and CEO, and Tom Edwards, 00:00:39.478 -- 00:00:44.865 our COO and CFO. Along with our second quarter 2025 press release, 00:00:44.865 -- 00:00:49.571 a Form 8K has been filed with the Securities and Exchange Commission, and a presentation 00:00:49.571 -- 00:00:54.517 has been posted on the investor section of our website, macysinc.com, 00:00:54.517 -- 00:00:58.064 and it's being displayed live during today's webcast. 00:00:58.064 -- 00:01:02.469 Unless otherwise noted, the comparisons we provide will be versus 2024. 00:01:02.469 -- 00:01:07.556 All references to our prior expectations, outlook, or guidance refer to 00:01:07.556 -- 00:01:12.261 information provided on our May 28th earnings call. 00:01:12.261 -- 00:01:16.046 On today's call, we will refer to certain non-GAAP financial measures. 00:01:16.046 -- 00:01:21.272 Reconciliations of these measures can be found in our e...