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Citi Trends, Inc.
6/4/2024
Greetings, and welcome to the CityTrends first quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Nitsa McKee, Senior Associate at ICR. Thank you, you may begin.
Thank you and good morning, everyone. Thank you for joining us on CityTrend's first quarter 2024 earnings call. On our call today is Interim Chief Executive Officer Ken Seifel and Chief Financial Officer Heather Pitino. Our earnings release was sent out this morning at 6.45 a.m. Eastern Time. If you have not received a copy of the release, it's available on the company's website, under Investor Relations section at www.citytrends.com. You should be aware that prepared remarks today made during this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Management may make additional forward-looking statements in response to your questions. These statements do not guarantee future performance. Therefore, you should not place undue reliance on these statements. We refer you to the company's most recent report on Form 10-K and other subsequent filings with the Securities and Exchange Commission for more detailed discussion of the factors that can cause actual results to differ materially from those described in the forward-looking statements. I will now turn the call over to our Interim Chief Executive Officer, Ken Seifel. Ken?
Thank you, Nitsa. Well, good morning, everyone. I'm pleased to join you today to discuss the work I had for Citadrills. Heather will provide you a review of the Q1 business results, and then I will give you a brief overview of my prior experiences and a high-level outline of the work that we are undertaking to increase shareholder value. Before we discuss the business, on behalf of the Board of Directors and the entire CityTrends team, I'd like to thank our former CEO, David McCune, for his hard work and leadership these past four years. David shaped and built our purpose-driven CityTrends culture while leading the company through some of the most challenging consumer environments in recent history. And on a personal level, I'd like to thank David for his willingness to provide business advice to ensure a smooth transition, and we want to send him very best wishes. I'd like to turn the call over now to Heather to review Q1 business results. Heather?
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