The Gap, Inc.

please limit your questions to one per participant. If anyone should require assistance during the call, please press the star key followed by the zero key on your touchtone phone. I would now like to turn your call over and introduce your host, Emily Gaca, Director of Investor Relations.

Good afternoon, everyone. Welcome to GAAP Inc.' 's second quarter fiscal 2023 earnings conference call. Before we begin, I'd like to remind you that the information made available on this conference call contains forward-looking statements that are subject to risks that could cause our actual results to be materially different. For information on factors that could cause our actual results to differ materially from any forward-looking statements, as well as a description and reconciliation of any financial measures not consistent with generally accepted accounting principles, please refer to the cautionary statements contained in our latest earnings release. The risk factors described in the company's annual report on Form 10-K filed with the Securities and Exchange Commission on March 14, 2023, and any subsequent filings with the Securities and Exchange Commission, all of which are available on gapinc.com. These forward-looking statements are based on information as of today, August 24, 2023, and we assume no obligation to publicly update or revise our forward-looking statements. Joining me on the call today are Executive Chair Bob Martin, Chief Executive Officer Richard Dixon, and Chief Financial Officer Katrina O'Connell. With that, I'll turn the call over to Bob.

Thank you, Emily, and good afternoon, everyone. Before Katrina shares our second quarter results, I have the pleasure of welcoming our new Chief Executive Officer, Richard Dixon, to the call. There's no denying that Richard was destined for this role at this moment. His experience as a transformational brand builder makes him a perfect fit for this great company. He's uniquely qualified to lead and carry out the transformative work already underway, and more importantly, he is the right leader for tomorrow, defining the future for Gap Inc. Appointed to our board of directors in November of 2022, he's had a view into how we are changing the way we work and the results we deliver. But what energizes him most is building a new legacy for our renowned portfolio of brands, one that matters to our customers, employees, and shareholders. And before I hand off, I want to say thank you to our entire Gap Inc. team for their commitment to the success of this company. and their tenacity and care for our brands, for embracing operational rigor and regaining the product and customer obsession with an eye on modernizing the way we work, all of which becomes a strong foundation for what's ahead under Richard's leadership. I have great belief that Richard and this team will define a very bright future for this company. So with that, I want to welcome Richard Dixon, the new chief executive officer of Gap Inc. Richard.