Crown Crafts, Inc.

Good morning ladies and gentlemen and welcome to the Crown Crafts Incorporated conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key and then followed by zero. After today's presentation, there will be an opportunity to ask a question. To ask a question, you may press star and then one on your touch-tone telephone. To withdraw your question, please press star and then two. Please note this event is being recorded. I would now like to turn the conference back over to John McNamara. Please go ahead.

Thank you. Good morning, everyone, and thank you again for joining the Crown Crafts Fiscal Year 2026 First Quarter Conference Call. With us on the call this morning are Crown Crafts President and Chief Executive Officer Olivia Elliott and Vice President and Chief Financial Officer Claire Spencer. During today's call, the company may make certain forward-looking statements, and actual results may differ materially from those expressed or implied. These statements are subject to risks and uncertainties that may be beyond Crowncraft's control, and the company is under no obligation to update these statements. For more information about the company's risk factors and other uncertainties, please refer to the company's filings with the Securities and Exchange Commission. With that, I would now like to turn the call over to President and Chief Executive Officer Olivia Elliott. Go ahead, Olivia.

Thank you, John. Good morning, everyone. When we spoke with you at the end of June to discuss our results for fiscal 2025, we identified a few key themes that we expected would have a continuing impact on our financial results. Inflation has been one of those things. And while the official rate of increase is leveled off, consumers are still feeling the impact of the initial surge, which continues to affect discretionary spending habits. Tariffs, of course, have been a headline concern this quarter, and that concern is compounded by the uncertainty over what their final levels will look like. However, we also outlined how we are working to navigate these concerns and continue to execute our long-term strategic plans. We recently noted that we expanded our product portfolio with the acquisition of Baby Boom and continue to drive growth with these new offerings. We've noted our solid relationships with suppliers, customers, and licensors, and to that end, we're delighted to announce that we have extended our license agreement with Disney. The Disney license now extends our reach to sales in Canada and will include diaper bags to our list of licensed products. Looking more broadly at sales, we are very encouraged by the numbers we've seen for sales in July and are cautiously optimistic about the rest of the fiscal year. And through all this, our balance sheet and cash flow remain solid. So while the overall environment remains challenging, we believe that we are well positioned to respond to circumstances as they arise and continue to grow the business and create value for our shareholders. With that, I'll now turn the call over to our recently named Chief Financial Officer, Claire Spencer, who will walk you through some of the financial details.