Good afternoon, ladies and gentlemen, and welcome to the Allbirds fourth quarter and full year 2024 conference call. All participants have been placed

Although the company’s sales were down more than 22% from a year ago to an as-expected $55.9M, SG&A expenses were cut nearly in half, contributing to a comparable drop in total operating expenses. As a result, the company trimmed its net income loss by 54% to $25.7M, or $3.23 per adjusted share, beating Wall Street’s expectations by 28 cents.