Carter's, Inc.

Welcome to Carter's second quarter fiscal 2025 earnings conference call. On the call are Doug Palladini, Chief Executive Officer and President, Richard Westenberger, Chief Financial Officer and Chief Operating Officer, Kendra Crewman, Chief Product Officer, and Sean McHugh, Treasurer. Please note that today's call is being recorded. I'll now turn the call over to Mr. McHugh.

Thank you, and good morning, everyone. We issued our second quarter 2025 earnings release earlier today. The release and presentation materials for today's call are available on our investor relations website at ir.carters.com. Note that statements on today's call about items such as the company's expectations and plans are forward-looking statements. For a discussion of factors that could cause actual results to vary from those contained in the forward-looking statements, please see our most recent SEC filings and the earnings release and presentation materials posted on our website. In these materials, you will also find reconciliations of various non-GAAP financial measurements referenced during this call. After today's prepared remarks, we will take questions as time allows. I will now turn the call over to Doug.

Thank you, Sean. Good morning, and thank you for joining us today. Just over 100 days ago, I began my journey as Carter's CEO and President. It's both an honor and privilege to lead this company and its iconic brand, and I'm more energized and inspired than ever about our potential. In the short time I have been here, I've visited as many Carter stores, key accounts, distribution centers, regional offices, and factories as possible to hear directly from our teams where our greatest opportunities lie and how best to get after them. I have also listened to feedback from many new, existing, and lapsed consumers. And based on my learnings, I've been able to develop a clear picture of what success will look like as we move forward, returning all Carter's brands to growth that is long-term, sustainable, and profitable. Carter's brands are truly iconic, and our legacy is a source of trust and strength. Our teams possess talent, acumen, and drive, all necessary to unlock the company's next tranche of success. And our market leadership affords Carter's unparalleled competitive advantage. I'm going to share some details around the roadmap to future success shortly, but first, Richard is going to discuss our 2025 second quarter and first half results. which I believe offer proof that we have stabilized our business and put in a position to grow again.