RH

Ladies and gentlemen, thank you for standing by and welcome to Restoration Hardware's first quarter 2020 Q&A call. To ask a question during the call, you will need to press star 1 on your telephone. If you would like to withdraw your question, please press the pound key. Now I would like to turn the call over to your speaker today, Alison Melkin with ICR. Please go ahead.

Alison Melkin Thank you. Good afternoon, everyone. Thank you for joining us for our first quarter 2020 Q&A conference call. Joining me today are Gary Friedman, Chairman and Chief Executive Officer, and Jack Preston, Chief Financial Officer. Before we start, I would like to remind you of our legal disclaimer that we will make certain statements today that are forward-looking within the meaning of the federal securities laws, including statements about the outlook for our business and other matters referenced in our press release issued today. These forward-looking statements involve a number of risks and uncertainties, that could cause actual results to differ materially. Please refer to our SEC filings as well as our press release issue today for a more detailed description of the risk factors that may affect our results. Please also note that these forward-looking statements reflect our opinions only as of the date of this call and we undertake no obligation to revise or publicly release The results of any revision to these forward-looking statements in light of new information or future events. Also, during this call, we may discuss non-GAAP financial measures, which adjust our GAAP results to eliminate the impact of certain items. You will find additional information regarding these non-GAAP financial measures and a reconciliation of these non-GAAP to GAAP measures in today's financial results press release. A live broadcast of this call is also available on the investor relations section of our website at ir.rh.com. With that, I'll turn the call over to the operator to begin our Q&A session. Operator, we're ready for questions.

As a reminder, to ask a question, please press star, then the number one on your telephone keypad. If you would like to withdraw the question, please press the pound key. We do ask that you limit yourself to one question and one follow-up question. And your first question comes from Michael Lasser with UBS. Please go ahead.