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1/28/2026
Good afternoon and welcome to the Ethan Allen fiscal 2026 second quarter analyst conference call. At this time, all participants are in a listen only mode. Question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. It's now my pleasure to introduce you to our host, Matt McNulty, Senior Vice President, Chief Financial Officer, and Treasurer. Thank you. You may begin.
Thank you, Operator. Good afternoon, and thank you all for joining us today to discuss Ethan Allen's fiscal 2026 second quarter results. With me today, Pru Kefwari, our Chairman, President, and CEO. Mr. Kefwari will open and close our prepared remarks while I will speak to our financial performance midway through. After our prepared remarks, we will then open the call up for your questions. Before I begin, I'd like to remind the audience that this call is being webcast live under the News and Events tab within our Investor Relations website. A replay and transcript of today's call will also be made available on our Investor Relations website. There you'll find a copy of today's press release, which contains reconciliations of the non-GAAP financial measures referred to on this call and in the press release. Our comments today may include forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. The most significant risk factors that could affect our future results are described in our most recent quarterly report on Form 10Q. Please refer to our SEC filings for a complete review of those risks. The company assumes no obligation to update or revise any forward-looking matters discussed during this call. With that, I am pleased to now turn the call over to Mr. Kefwaris.
Well, thank you, Matt. And thank you for joining our second quarter ending December 31, 2025 earnings call, and our initiative to grow our business. The second quarter results were strongly impacted by the government shutdown, resulting in lower consumer confidence, lower traffic to our design centers, and lower orders at retail, and especially from the U.S. government contract, also impacted by a very strong previous year comparison. The good news is that we have started the third quarter with stronger traffic and positive written sales in January, as we mentioned in our press release. During the last few years, we have made major changes to our vertically integrated structure including our retail network, manufacturing, marketing, logistics, and are positioned well. After Matt provides a brief overview of our second quarter financial results, I will provide more details of our business, of our initiatives to grow our business, and then we'll open up for any questions or comments. Matt, please proceed.
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