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July 31, 2012 4:30 pm ET
Jean Fontana - Senior Vice President
Jeffrey Lubell - Founder, Executive Chairman, Chief Executive Officer, Chief Merchant and Chief Executive Officer of Guru Denim
Peter F. Collins - Chief Financial Officer, Principal Accounting Officer and Assistant Secretary
Lynne Koplin - President
Eric M. Beder - Brean Murray, Carret & Co., LLC, Research Division
Scott D. Krasik - BB&T Capital Markets, Research Division
Diana Katz - Lazard Capital Markets LLC, Research Division
Edward J. Yruma - KeyBanc Capital Markets Inc., Research Division
Susan K. Anderson - Citigroup Inc, Research Division
Ronald Bookbinder - The Benchmark Company, LLC, Research Division
Janine M. Stichter - Telsey Advisory Group LLC
Dorothy S. Lakner - Caris & Company, Inc., Research Division
Greetings, and welcome to the True Religion Apparel Incorporated 2012 Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jean Fontana of ICR. Thank you. Ms. Fontana, you may begin.
Thank you. Good afternoon, everyone, and thank you for joining us today to discuss True Religion Apparel's second quarter 2012 financial results. By now, everyone should have access to the earnings release, which went out today at approximately 4 p.m. Eastern Time. If you have not received the release, it is available on the Investor Relations portion of True Religion's website at www.truereligionbrandjeans.com by clicking on the Investor Relations tab. We've also posted on the site the detailed management commentary on our segment results for the second quarter of 2012. This call is being webcast, and a replay will be available and archived on the company's website.