PriceSmart, Inc.

Good afternoon, everyone, and welcome to the Price Smart, Inc. Earnings Release Conference Call for the first quarter of fiscal year 2024, which ended on November 30, 2023. After remarks from our company's representatives, Robert Price, Interim Chief Executive Officer, and Michael McCleary, Chief Financial Officer, you will be given an opportunity to ask questions as time permits. As a reminder, this conference call is limited to one hour and is being recorded today, Wednesday, January 10, 2024. A digital replay will be available following the conclusion of today's conference call through January 17, 2024 by dialing 1-877-674-7070 for domestic callers or 1-416-764-8692 for international callers and by entering the replay access code 833282, followed by the pound key. For opening remarks, I would like to turn the call over to Price Smart's Chief Financial Officer, Michael McCleary. Please proceed, sir.

Thank you, Operator, and welcome to Price Smart, Inc.' 's earnings call for the first quarter of fiscal year 2024, which ended on November 30, 2023. We will be discussing the information that we provided in our earnings press release and our 10-Q, which were both released yesterday afternoon, January 9, 2024. Also in these remarks, we refer to non-GAAP financial measures. You can find a reconciliation for our non-GAAP financial measures to the most directly comparable GAAP measures in our earnings press release and our 10-Q. These documents are available on our investor relations website at investors.pricemart.com, where you can also sign up for email alerts. As a reminder, all statements made on this conference call, other than statements of historical fact, are forward-looking statements concerning the company's anticipated plans, revenues, and related matters. Forward-looking statements include, but are not limited to, statements containing the words expect, believe, plan, will, may, should, estimate, and some other expressions. All forward-looking statements are based on current expectations and assumptions as of today, January 10, 2024. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including the risks detailed in the company's most recent annual report on Form 10-K. The quarterly report on Form 10-Q filed yesterday and other filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These risks may be updated from time to time. The company undertakes no obligation to update forward-looking statements made during this call. Now I will turn the call over to Robert Price, iSMART's Interim Chief Executive Officer.

Robert Price Thank you, Michael. I also want to express my sincere thanks and appreciation to our employees, both here in the United States and in the countries where we operate our business. Overall, I am very pleased with our sales and earnings results. I especially commend our operations and buying teams for their outstanding performance. I also want to highlight our December sales. $511 million, the highest sales month in our company's history. These record sales were made possible by the coordinated efforts of our buyers, Price Smart Club employees, and our logistics team members. Finally, I would like to congratulate our longtime team member, Paul Kovaleski, on his recent appointment as Executive Vice President and Chief Merchandising Officer of Pricemark. Now, Michael will continue with his presentation.