PriceSmart, Inc.

Good afternoon, everyone, and welcome to Price Smart, Inc.' 's earnings release conference call for the third quarter of fiscal year 2025, which ended on May 31st, 2025. After remarks from our company's representative, Robert Price, Interim Chief Executive Officer, and Michael McCleary, Executive Vice President, Finer, you'll be given an opportunity to ask questions of time permit. As a reminder, this conference call is limited to one hour and is being recorded today, Monday, July 14th, 2025. A digital replay will be available shortly following the conclusion of the call through July 21st, 2025 by dialing 888-660-6264 for domestic callers or 646-517-7000. 3975 for international callers, and entering replay access code 90598. For opening remarks, I would like to turn the call over to Price Marks Executive Vice President of Finance, Michael McCleary. Please proceed, sir.

Thank you, Operator.

and welcome to Price Learning Experience Call for the third quarter of fiscal year 2025, which ended on May 31st, 2025. We will be discussing the information that we provided in our earnings press release and our 10Q, which were both released on July 10th, 2025. Also in these remarks, we refer to non-GAAP financial measures. You can find the reconciliation of our non-GAAP financial measures to the most directly comparable GAAP measures in our earnings press release and our 10Q. 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, July 14, 2025. 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, a quarterly report on Form 10-Q filed on July 10, 2025, and other filings with the SEC, which are accessible on the SEC's website at www.scc.gov. These risks may be updated from time to time. The company undertakes no obligation to update four lifting statements made during this call. Now I will turn the call over to Robert Price, Price Smart's Interim Chief Executive Officer. Thank you, Michael, and good day, everyone. Welcome to our third quarter earnings call. As we have previously announced, David Price will be Price Mart's new chief executive officer, effective September 1st, 2025. David is very well prepared for his CEO responsibilities. I am looking forward to working with David in my role as executive chairman of our company. I would also like to acknowledge Michael McCleary for his many years of dedicated service to our company. most recently as Chief Financial Officer. With Michael's retirement, I welcome Alberto Hernandez as Price Mart's new Chief Executive Officer. Alberto comes well prepared for his new responsibilities with significant senior executive financial experience, including working in the retail industry in South America. As always, I want to express my appreciation to our 12,000 employees for their dedication to PriceMart. We are so proud of their many contributions to PriceMart's success. Finally, I want to thank our stockholders for their support and continuing confidence. Now it is my pleasure to turn the meeting over to David.