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Good morning, everyone. We are very pleased to report better-than-expected fourth-quarter results that included strong sales growth, positive comp sales, expansion in gross margin, and a 19% increase in adjusted diluted earnings per share. Our performance continued the strong momentum we have experienced throughout the year, driven by the successful execution and elevation of our off-price model. This is further demonstrated by our annual FY16 results that also included setting new records across all key operating metrics. For the year, we saw our net sales of $5.6 billion, increasing 9.2% from the prior year; a 4.5% increase in comparable store sales on top of 2015's 2.1% increase; an 80-basis-point expansion in gross margin; and a 100-basis-point increase in adjusted EBITDA margin. We continued to generate strong cash flow, which enabled us to not only fund our growth, but return value to see this site our shareholders through our share repurchase program. The combination of all these factors contributed to a 40% increase to FY16's adjusted net income per share. The sustained and consistent strength of our business not only highlights our ability to satisfy customers with highly desirable brands, terrific value, and great customer service, but also the successful expansion of our product offerings. I want to thank our entire organization for contributing to our strong 2016 performance, and we remain excited about our business prospects in FY17 and longer term. Let me share with you some highlights of the fourth quarter.

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