PriceSmart, Inc.

Good afternoon, everyone, and welcome to PriceMart Incorporated's Earnings Release Conference Call for the fourth quarter of fiscal year 2024, which ended on August 31, 2024. 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, Thursday, October 31st, A digital replay will be available following the conclusion of today's conference call through November 7, 2024 by dialing 1-888-660-6264 for domestic callers or 1-646-517-3975 for international callers and by entering the replay access code 28615 followed by the pound key. For opening remarks, I would now like to turn the call over to Price Mart's Chief Financial Officer, Michael McCleary, please proceed, sir.

Thank you, operator, and welcome to PriceMart, Inc.' 's earnings call for the fourth quarter of fiscal year 2024, which ended on August 31st, 2024. We will be discussing the information that we provided in our earnings press release and our 10-K, which were both released yesterday afternoon, October 30th, 2024. Also in these remarks, we referred to non-GAAP financial measures, you can find a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP measures in our earnings press release in our 10-K. These documents are available on our investor relations website at investors.pricemark.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, October 31st, 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, 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 obligations to update forward-looking statements made during this call. Now, I will turn the call over to Robert Price, Pricemart's Interim Chief Executive Officer.

Thank you, Michael. As we report on fiscal year 2024 financial results, I want to thank our nearly 12,000 employees working in 13 countries for their outstanding job performance. Our employees' dedication and loyalty demonstrated by our company's exceptionally low employee turnover is the reason PriceSmart achieves such positive results in fiscal year 2024. The warehouse club format continues to be a dynamic factor in the merchandising business characterized by constant renewal and innovation. It has been nearly 50 years since Price Club opened the first warehouse club on Marina Boulevard in San Diego. Although the basics do not change, we understand that we must continue to adapt to a changing environment and to challenge ourselves to new ways of doing business. Our future success depends on the right combination of adherence to what has got us here and a commitment to continual improvement. Now I am pleased to ask Michael to continue with his presentation.