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August 14, 2012 9:30 am ET
Dennis D'Andrea - Vice President of Investor Relations
Fabrizio Freda - Chief Executive Officer, President and Director
Richard W. Kunes - Chief Financial Officer, Principal Accounting Officer and Executive Vice President
Nik Modi - UBS Investment Bank, Research Division
Constance Marie Maneaty - BMO Capital Markets U.S.
Linda Bolton-Weiser - Caris & Company, Inc., Research Division
Alice Beebe Longley - The Buckingham Research Group Incorporated
Javier Escalante - Consumer Edge Research, LLC
Timothy A. Conder - Wells Fargo Securities, LLC, Research Division
Neely J.N. Tamminga - Piper Jaffray Companies, Research Division
Christopher Ferrara - BofA Merrill Lynch, Research Division
David Wu - Telsey Advisory Group LLC
Caroline S. Levy - Credit Agricole Securities (USA) Inc., Research Division
Ali Dibadj - Sanford C. Bernstein & Co., LLC., Research Division
Lauren R. Lieberman - Barclays Capital, Research Division
Good day, everyone, and welcome to The Esteé Lauder Companies Fiscal 2012 Fourth Quarter and Full Year Conference Call. Today's call is being recorded and webcast. For opening remarks and introductions, I would like to turn the call over to the Vice President of Investor Relations, Mr. Dennis D'Andrea. Please go ahead, sir.
Good morning, everyone. On today's call are Fabrizio Freda, President and Chief Executive Officer; Rick Kunes, Executive Vice President and Chief Financial Officer; and Dennis McEniry, President, Estée Lauder Online. Dennis will discuss the current status and future opportunities for our online business.