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May 31, 2012 11:00 am ET
Allison C. Malkin - Senior Managing Director
James S. Scully - Chief Administration Officer and Executive Vice President
Stuart Haselden - Chief Financial Officer
Libby Wadle - Executive Vice President of Retail & Factory
William M. Reuter - BofA Merrill Lynch, Research Division
Jordan Hughes - Goldman Sachs Group Inc., Research Division
Carla Casella - JP Morgan Chase & Co, Research Division
Grant Jordan - Wells Fargo Securities, LLC, Research Division
Karru Martinson - Deutsche Bank AG, Research Division
Emily E. Shanks - Barclays Capital, Research Division
Karen Eltrich - Goldman Sachs Group Inc., Research Division
Greetings, welcome to the J. Crew Inc. First Quarter Fiscal 2012 Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Allison Malkin of ICR. Thank you, Ms. Malkin, you may begin.
Allison C. Malkin
Good morning. Thank you for joining us to review our first quarter 2012 results. With me today are Jim Scully, Chief Administrative Officer; Libby Wadle, Head of our J. Crew brand; Stuart Haselden, Chief Financial Officer; and other members of our management team.
Before we begin, I'd like to remind you of the company's Safe Harbor language, which I'm sure you're all familiar with. The statements contained in this conference call, which are not historical facts, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual future results may differ materially from those projected in such statements due to a number of risks and uncertainties, all of which are described in the company's filings with the SEC and in the press release issued in connection with today's call.