Operator: Good day, ladies and gentlemen, and welcome to the Quarter Three 2013 JCPenney Company, Inc.'s Earnings Conference Call. My name is Patrick and I will be your coordinator for today. At this time, all participants are in listen-only mode. Later we will facilitate a question-and-answer session. As a reminder, this call is being recorded for replay purposes.
I would now like to turn the conference over to Ms. Kristin Hays, Senior Vice President of Communications. Please go ahead.
Kristin Hays - SVP, Communications: Good morning and thank you, Patrick. As a reminder, the presentation this morning includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which reflects the Company's current view of future events and financial performance.
The words expect, plan, anticipate, believe, and similar expressions identify forward-looking statements. Any such forward-looking statements are subject to risks and uncertainties and the Company's future results of operations could differ materially from historical results or current expectations. For more details on these risks, please refer to the Company's Form 10-K and other SEC filings.
Also, please note that no portion of this presentation may be rebroadcast in any form without the prior written consent of JCPenney. For those listening after November 20, 2013 please note that this presentation will not be updated and it is possible that the information discussed will no longer be current.
With that, I will now turn the call over to our CEO, Mike Ullman.
Myron E. Ullman, III - Chairman and CEO: Good morning, and thank you for joining us. I am here with Chief Financial Officer Ken Hannah and we are glad to be with you this morning. On today's call I will provide an overview of our third quarter results and an update on the continued progress on our turnaround. I'll also discuss some of our objectives and plans for the fourth quarter, including the holiday season. After that, I'll turn the call over to Ken, who'll walk through the third quarter financials in more detail. Then, we'll be happy to take your questions.
Let me start off by saying that the turnaround at JCPenney is beginning to take hold. We're making significant strides toward restoring JCPenney to its rightful place in retail. The work we've been doing over the last seven months to stabilize the business financially and operationally required fundamental changes in many aspects of our business. It's hard work with no quick fixes, but our team's arising to the challenge and our customers tell us they love the progress we're making.
I'm pleased to report that during the third quarter, we began generating positive sales momentum, which has enabled us to get off to an encouraging start in the fourth quarter. This is especially noteworthy in light of the still sluggish retail environment and the pressures that our customer in particular continues to face.
Ken will take you through the details, but some of the key metrics for the third quarter were as follows. Comp store sales improved by 710 basis points from last quarter, ending the period, down 4.8% year-over-year. This reflects sequential improvement in each of the three months in the quarter. Importantly, we reported positive comps in October, the first since December 2011, and it was a considerable achievement given the impact of the 17 days of government shutdown during the month.