As a leading home décor superstore with locations across the United States, we were impacted by macroeconomic headwinds in the retail industry and broader economy in fiscal year 2023. Given our business strategy of providing the broadest assortment of every day and seasonal products with up to 45,000 SKUs throughout our stores, our operations were particularly impacted by global supply chain disruption. Increases in shipping costs were notable throughout the fiscal year, but we have taken proactive and significant steps to lock in advantageous supply chain rates. We opened 23 net new stores in fiscal year 2023, while also refreshing and remodeling a portion of our existing store base, and we continue to be optimistic about future U.S. store growth. In fiscal year 2023, we were also successful in executing several important internal initiatives, including an increase in marketing efforts, growth of our Insider Perks loyalty program and the continued roll-out of our omnichannel offering. Our ESG journey took a significant leap forward in fiscal year 2023, as we identified our seven ESG strategic focus areas, developed an ESG Roadmap and established numerous initiatives to drive our business for the next three fiscal years. Our Board and executive management team have begun to meet quarterly to oversee these programs, while subject matter experts explore the many opportunities we have to improve operating efficiencies, enhance the development of our team members, reduce our environmental impact and make meaningful impacts on our communities and customers. While we focused on mitigating adverse supply chain conditions in fiscal year 2023, we also took a long-term perspective in addressing the underlying factors of our global business. We continue to diversify the geographic location of our suppliers to reduce the impact of regional macroeconomic and geopolitical issues and our reliance on certain third parties, while expanding the variety of products and product partners who can serve the needs of our customers. .With over 260 large-format stores, it is critical that we consider opportunities to reduce both store operating expenses and our environmental footprint. In fiscal year 2023, we engaged a number of consultants to visit our stores and identify strategies for our unique business model. For example, the expected remaining life was evaluated for all HVAC systems and store roofs, which led to targeted replacements and repairs and a strategy to better utilize our capital investments in the next few years. We also conducted an analysis of our inventory management processes at distribution centers and restructured inefficiencies. Our recently conducted climate risk assessment has provided new perspectives on our physical and transition risks that may need to be mitigated in the near-term or long-term. Our lean store labor model is a unique business strategy that contributes to our success. This fundamental aspect of our operations also presents certain challenges given our large format stores and the high volume of SKUs and products delivered and sold from our stores.