Macy's Inc

Greetings and welcome to the Macy's Inc. Third Quarter 2023 Earnings Call. At this time, all participants are on a listen-only mode. A 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. As a reminder, this call is being recorded. I would now like to turn the call over to Pamela Quintiliano, VP of Investor Relations. Pamela, you may now begin.

Thank you, operator. Good morning, everyone, and thanks for joining us. With me on the call today are Jeff Gannett, our chairman and CEO, Tony Spring, president, Macy's Inc., and CEO-elect, and Adrienne Mitchell, our COO and CFO. Along with our third quarter 2023 press release, a presentation has been posted on the investor section of our website, macysinc.com. Unless otherwise noted, the comparisons we provide will be versus 2022. Comparisons to 2019 are provided where appropriate to best benchmark performance. All references to our prior expectation, outlook, or guidance refer to information provided on the August 22nd earnings call, unless otherwise noted. All forward-looking statements are subject to the State Department provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions mentioned today. A detailed discussion of these factors and uncertainties is contained in our findings with the Securities and Exchange Commission. In discussing the results of our operations, we will be providing certain non-GAF financial measures. You can find additional information regarding these non-GAF financial measures as well as others used on the investor section of our website. Today's call is being webcast on our website. A replay will be available approximately two hours after the conclusion of this call. With that, I'll turn it over to Jeff.

Thank you, Pam, and good morning, everyone. As you're all aware, in March, we announced my pending retirement as CEO. At that time, Tony Spring became president and CEO-elect of Macy's, Inc., and Adrienne Mitchell was promoted to the dual role of COO and CFO. While I remain the CEO through the end of this fiscal year, today marks my last earnings call. Between now and then, I will work to ensure a smooth and successful holiday season, which for many starts with our iconic Macy's Thanksgiving Day Parade. This year, we have the incomparable share as our headliner. Following Thanksgiving, we enter our most important sales period. Across nameplates, we have refined our gift assortment and improved our shopping experience. We know our customer is looking for value, so we have simplified our promotions. We are confident the strategic changes we have made will be well received by our customers. I'm now going to turn the call over to Tony to discuss our third quarter results, holiday plans by nameplate, and how he's thinking about the future. From there, Adrian will go over our five value creation levers and outlook for the remainder of the year, and then I'll close with reflections on my time as CEO. With that, Tony, I'm going to hand it over to you.