Urban Outfitters, Inc.

Ladies and gentlemen, and welcome to the Urban Outfitters Inc. first quarter fiscal 27 earnings call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask the question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. We ask that you limit yourself to one question only. I would now like to hand the conference over to Ona McCullough, Executive Director of Investor Relations. Ms. McCullough, you may begin.

Good afternoon and welcome to the URBN first quarter fiscal 2027 conference call. Earlier this afternoon, the company issued a press release outlining the financial operating results for the three-month period and the April 30th, 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. I will now turn the call over to Dick.

Thank you, Eleanor. In the first quarter, our teams once again produced record quarterly sales and earnings per share. Net sales grew 11% to $1.5 billion, and EPS grew 12% to $1.30. This marks the seventh consecutive quarter of record sales and profits for URBN. I salute our extraordinary teams for their talent and remarkable consistency. All retail segment brands delivered positive comps with standout performance from Free People and FP Movement. You will hear more on both of these brands from their CEO, Sheila Harrington, in a few minutes. Our other segments, Wholesale and Subscription, also produced outstanding results and were instrumental in driving these record results. Frank and Forty, our co-president and chief operating officer, will now provide the details of our Q1 performance. After Frank, Sheila will talk about the Free People Group. Following her, Melody Marin-Ufrin, our CFO, will walk you through our outlook for Q2 and the second half of the year. I will then wrap things up with a few closing thoughts before we open the call to your questions. Frank, the floor is yours.