Macy's Inc (M) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.197 Greetings and welcome to the Macy's Inc. 4th Quarter 2025 Earnings Conference 00:00:05.197 -- 00:00:09.522 Call. At this time, all participants are on a listen-only mode. 00:00:09.522 -- 00:00:13.307 A question and answer session will follow the formal presentation. 00:00:13.307 -- 00:00:17.592 If anyone should require operator assistance during the conference, please press star 00:00:17.592 -- 00:00:22.177 zero on your telephone keypad. As a reminder, this call is being recorded. 00:00:22.177 -- 00:00:27.203 I would now like to turn the call over to Pamela Quintiliano, Vice President of Investor 00:00:27.203 -- 00:00:30.966 Relations. Pamela, you may now begin. 00:00:31.047 -- 00:00:34.853 Thank you, Operator. Good morning, everyone, and thanks for joining us. 00:00:34.853 -- 00:00:39.682 With me on the call today are Tony Spring, our Chairman and CEO, and Tom Edwards, our 00:00:39.682 -- 00:00:44.790 COO and CFO. Along with our fourth quarter 2025 press 00:00:44.790 -- 00:00:49.017 release, a Form 8K has been filed with the Securities and Exchange Commission, and a 00:00:49.017 -- 00:00:54.186 presentation has been posted on the investor section of our website, MacyDink.com, 00:00:54.186 -- 00:00:57.828 and it's being displayed live during today's webcast. 00:00:57.828 -- 00:01:02.872 Unless otherwise noted, the comparisons we provide will be versus 2024. 00:01:02.872 -- 00:01:08.037 All references to our prior expectations, outlook, or guidance refer to information 00:01:08.037 -- 00:01:11.860 provided on our December 3rd earnings call. 00:01:11.860 -- 00:01:16.645 On today's call, we will refer to certain non-GAAP financial measures. 00:01:16.645 -- 00:01:21.549 Reconciliations of these measures can be found in our earnings pre...