Bath & Body Works, Inc.

Good morning. My name is Michelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the LBRAND Second Quarter 2020 Earnings Conference Call. Please be advised that today's conference is being recorded. All participants are in a listen-only mode until the question and answer session at the end of today's presentation. To ask a question at that time, press star 1. I would now like to turn the call over to Ms. Amy Preston, Chief Investor Relations Office of LBRAND. You may begin. Thank you.

Thank you. Good morning, and welcome to Elk Brand's second quarter earnings conference call for the period ending August 1, 2020. As a matter of formality, I need to remind you that any forward-looking statements we may make today are subject to our Safe Harbor statements found in our SEC filings and in our press releases. Joining me on the call today are Andrew Meslow, CEO of L Brands, and Stortberg Dorfer, Interim CEO of Victoria's Secret and CFO of L Brands. All results we discuss on the call today are adjusted results and exclude the special items described in our press release. Thanks, and now I'll turn the call over to Andrew.

Andrew Meslow, CFO of L Brands Thanks, Jamie, and good morning, everyone. The second quarter of 2020 continued to be an unprecedented time for the world, for the retail industry, and for our business. Our first priority was and continues to be the safety of our associates and customers as we reopen the majority of our stores in the second quarter. We adopted new operating models in all of our stores that focused on providing a safe shopping experience. Additionally, we focused on our distribution, fulfillment, and call center safety and maximizing our direct businesses. Overall, we delivered strong results in the second quarter, and we could not have done so without the hard work and dedication of all associates across our business in stores, distribution and fulfillment centers, call centers, and home offices. On behalf of the company, I'd like to express our deep appreciation for all of their efforts. During the second quarter, we also took a number of important steps to prepare Victoria's Secret and Bath & Body Works to operate as standalone separate companies, improve L Brand's profitability, maintain liquidity during the pandemic, and maximize our financial performance, all of which we outlined in the earnings commentary that we released last night. As we also discussed in last night's commentary, despite our strong results in the second quarter, We do expect results to moderate, and for a number of reasons we have a cautious outlook for the second half of the year. We won't repeat those prepared comments this morning in order to leave more time for all of your questions. Thanks, and back over to you, Amy.