Urban Outfitters, Inc.

Good day, ladies and gentlemen, and welcome to the Urban Outfitters, Inc. Fourth Quarter Fiscal 26 Earnings Call. At this time, all participants are on a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. I would now like to introduce Ona McAuliffe, Executive Director, Investor Relations. Ms. McAuliffe, you may begin.

Good afternoon, and welcome to the URBM Fourth Quarter Fiscal 2026 Conference Call. Earlier this afternoon, the company issued a press release outlining the financial and operating results for the three- and 12-month period ending January 31, 2026. The following discussions may include forward-looking statements. Please note that actual results may differ materially from those statements. Additional information concerning factors that could cause actual results to differ materially from projected results is contained in the company's filings with the Securities and Exchange Commission. For more detailed commentary on our quarterly performance and the text of today's conference call, please refer to our investor relations website at www.urbn.com. Please note, on today's call, management will be speaking to our financial results on an adjusted basis, which do not include non-core adjustments for charitable donations to a donor-advised fund in the current year and a release of income tax reserves from the prior year. Each of these items is detailed in our press release, as well as the investment presentation that is posted to our URBN Investor Relations website. I will now turn the call over to Nick.

Thank you, Eleanor, and good afternoon, everyone. The URBN teams delivered exceptional fourth quarter results to close out a record-breaking year. Total revenue grew by 10% in the quarter, hitting their record $1.8 billion. Adjusted earnings per share jumped an impressive 38% for the quarter and 35% for the full year. We achieved this even though tariffs negatively impacted our product margins beginning in the second quarter. I'm also pleased to report that the positive momentum we've seen all year continued through the holiday season. All retail segment brands delivered positive comps with standout performances from FP Movement, and Urban Outfitters. Newly, meanwhile, maintained its torrid pace of subscriber growth. The Urban brand also reached a huge milestone by returning to profitability for the full year. Frank Pancorti, our co-president and COO, will now provide a deep dive into our fourth quarter and full year results. After Frank, Melanie Marin-Effron, our CFO, will walk through our outlook for fiscal 2027. I will then wrap things up with a few closing thoughts before we open the call for your questions. Frank, the floor is yours.