John Heffner | EVP & CFO |
Jose Luis Laparte | CEO & President |
Ronald Bookbinder | IFS Securities |
Thomas Vester | LGM Investments |
Jon Braatz | Kansas City Capital |
Charlie Carter | Ceredex Value Advisors |
Good day and welcome to PriceSmart, Inc.'s Earnings Release Conference Call for the First Quarter of Fiscal Year 2018, the three-month period ending on November 30, 2017. All participants are currently in a listen-only mode. After remarks from Jose Luis Laparte, PriceSmart's President and Chief Executive Officer; and John Heffner, PriceSmart's Executive Vice President and Chief Financial Officer, you will be given an opportunity to ask questions as time permits. [Operator Instructions] As a reminder, this conference call is being recorded on Friday, January 05, 2018. A digital replay will be available through January 12, 2018, following the conclusion of the call by dialing 877-344-7529 for domestic callers or 412-317-0088 for international callers, and entering replay access code 10114245.