The Gap, Inc.

I don't want to know, girl. So please don't do that to me. Cause it would break my heart, break my heart, break my heart. If I find out you can't move. You better show me now, show me now, show me now. Cause when I take it to the floor, you gotta get down. You know what to do. I just might, I just might like my baby. I just might like my baby. Whoa, whoa, whoa, whoa, whoa. Put some spirit in it. Put your heart into it. That's all I need. And if I like what I see, you're coming home to me. Hey, Mr. DJ. Play some for this pretty little lady. So just dance I just might. I just might.

Good afternoon, ladies and gentlemen. I would like to welcome everyone to the Gap Inc. 4th Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. For those analysts who wish to participate in the question-and-answer session after the presentation, you may now press star 1 to enter the Q&A queue. As a reminder, 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 introduce your host, Whitney Notaro, Head of Investor Relations.

Good afternoon, everyone. Welcome to GAAP Inc.' 's fourth quarter fiscal 2025 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, 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 18, 2025, quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission on May 30, 2025, August 29, 2025, and November 26, 2025. and other 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, March 5, 2026, and we assume no obligation to publicly update or revise our forward-looking statements. Our latest earnings release and the accompanying materials available on gapinc.com also include descriptions and, where available, reconciliations of financial measures not consistent with generally accepted accounting principles. All market share data referenced today will be from Circona's U.S. Apparel Consumer Service for the 12 months ending January 2026, unless otherwise stated. Joining me on the call today are Chief Executive Officer Richard Dixon and Chief Financial Officer Katrina O'Connell. With that, I'll turn the call over to Richard.