Welcome to the annual meeting for Dollar Tree, Inc. Our host for today's call is Ned Kelly, Chairman of the Board of Dollar Tree, Inc. I will now turn the call over to your host. Mr. Kelly, you may begin. Ladies and gentlemen, I'd like to call this meeting to order. I'm Ned Kelly, Chairman of the Board of Dollar Tree, Inc. Good morning, and welcome to Dollar Tree's 2026 annual meeting of shareholders. We thank you for joining us on this live webcast of the annual meeting. Before we turn to the formal items of business, I'd like to introduce the other members of the Board nominated for election at this meeting. Paul Hilal, Vice Chairman. Mike Creedon, Chief Executive Officer of Dollar Tree. Bill Douglas, Chair of the Audit Committee. Cheryl Grisé, Chair of the Compensation Committee. Dan Heinrich, Chair of the Finance Committee. Stephanie Stahl, Chair of the Sustainability and Corporate Social Responsibility Committee. Tim Johnson, Director. Diane Randolph, Director. Burt Scott, Director. I would also like to recognize and welcome representatives from KPMG, our independent accountants, and Dollar Tree's management and associates, including John Mitchell, our Chief Legal Officer and Corporate Secretary, and Daniel Delrosario, our Senior Vice President of Investor Relations and Treasurer. I will now turn this over and ask John to conduct the formal business and preside over the remainder of this meeting. John? Thanks, Ned. After the formal business of the meeting, we will answer general questions from shareholders unrelated to the formal business of the meeting. Shareholders may submit questions during the meeting using the text box on the web portal. Today's meeting will be governed by our rules of conduct and procedures, which also can be found on the web portal for this meeting. We ask that you review these rules and procedures at this time if you have not already done so, including for additional information on submitting questions or comments. The company has appointed CT Hagberg to act as our Inspector of Election. A representative from CT Hagberg is also available by phone today and has taken the oath of Inspector of Election on behalf of CT Hagberg. The 2026 annual meeting has been called by the board of directors for the purpose of voting on the four proposals included in our proxy statement. In today's meeting, the matters to be voted on at the meeting will first be presented, shareholders will be given an opportunity to vote or change their vote. The voting results will be announced. An affidavit has been delivered attesting that a notice of Internet availability of the proxy materials was mailed on or about May 1st, 2026 to all shareholders as of the record date. The shareholder list is available on the web portal to shareholders who have logged into the meeting with an authenticated control number. These items and the final voting results will be included in the minutes of the meeting. As of the record date, there were 194, 725, 406 shares of common stock outstanding and entitled to vote at this meeting. The inspector of election has advised the company that a majority of such shares are present at the meeting in person or by proxy. A quorum is present and the meeting is authorized to transact business. The polls are now open. The proposals being voted on are as follows. Proposal one, the election of each of the 10 directors named in our proxy statement. Proposal two, an advisory vote to approve the compensation of our named executive officers. Proposal three, the ratification of KPMG as our independent registered public accounting firm. Proposal four, a shareholder proposal requesting a shareholder right to act by written consent. Proposal number four, Mr. John Chevedden. Mr. Chevedden will now present proposal number four. I ask that Mr. Chevedden limit his comments to no more than three minutes. Operator, please unmute Mr. Chevedden's line so that he can present the proposal. Hello, this is John Chevedden. Proposal four, shareholder right to act by written consent. Shareholders request the board of directors take the necessary steps to permit written consent by the shareholders entitled to cast the minimum number of votes that would be necessary to authorize an action at a meeting at which all shareholders entitled to vote thereon were present at voting, without any unnecessary restriction based on length of stock ownership or the method by which shareholders hold their shares. This includes the shareholder ability to initiate any appropriate topic for written consent. This includes that any associated request for a record date shall have the lowest allowable figure. This includes that written consent not include a solicitation clause mandating a certain percent of shares be solicited unless legally required. Shareholders acting by written consent and calling for a special shareholder meeting are two means that shareholders of a company can use to put forth a proposal on a timely basis without waiting for the annual shareholder meeting. A shareholder right to act by written consent could incentivize Dollar Tree directors to be more vigilant and more alert to face future headwinds. Please vote for a shareholder right to act by written consent, proposal four. Thank you, Mr. Chevedden. We will now move to the vote. The board of directors has recommended that the shareholders vote for each nominee in proposal one, for proposal two, for proposal three, and against proposal four. Any shareholder who has not yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions. Shareholders who have sent in proxies or voted by telephone or internet and do not want to change their vote do not need to take further action. We will pause for a moment to permit shareholders to vote. Now that everyone has had the opportunity to vote, the polls are now closed. Since all of the votes have been cast, I have received the preliminary report from the Inspector of Election, and I will now announce the voting results. Regarding proposal one, election of directors. Each nominee for director received a majority of the votes cast at this meeting. Accordingly, all nominees have been duly elected. Regarding proposal two, to approve on an advisory basis the compensation of the company's named executive officers. The proposal passed and received a majority of the votes cast. Regarding proposal three, to ratify the selection of KPMG as the company's independent registered public accounting firm. The proposal passed and received a majority of the votes cast. Regarding proposal four, a shareholder proposal requesting a shareholder right to act by written consent. The proposal did not pass due to failure to receive a majority of the votes cast. Since there are no other matters before the annual meeting, we have concluded the formal business, and I hereby declare this annual meeting of shareholders adjourned. Our CEO, Mike Creedon, will now respond to shareholder questions as moderated by Daniel Delrosario, our Senior Vice President, Investor Relations, and Treasurer. Mike, Daniel. Thank you, John. Before we begin, I would like to remind everyone that remarks made in today's presentation may contain forward-looking statements about the company's expectations, plans, and future prospects. Our forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those contemplated by such statements. For information on the risks and uncertainties that could affect our actual results, please see our most recent annual report on Form 10-K and quarterly report on Form 10-Q and other filings with the SEC. We caution against reliance on these forward-looking statements made today. We disclaim any obligation to update or revise these statements except as may be required by law. With that, Mike and I will take questions from our shareholders. Our first question comes from Jesse. Jesse asks how Dollar Tree balances creating opportunities for all associates while ensuring promotions are based on performance and qualifications. He'd also like to know whether the company is making any changes to these programs as it evaluates their effectiveness. Good morning, Jesse. Thanks for the question. Our approach is straightforward. We want every associate to have the opportunity to grow based on their performance, leadership, and potential. We invest in developing talent, building strong leadership pipelines, and creating opportunities for associates to advance throughout the organization. As I've said many times, we want Dollar Tree to be a career, not just a job. We'll continue to evaluate our programs over time, but our focus remains the same, attracting, developing, and promoting great talent while maintaining equal opportunity across our organization. Our next question comes from Nathan. Nathan asks what Dollar Tree is doing to improve store conditions, keep stores and surrounding areas clean, and make sure the customer experience reflects the company's sustainability and community commitments. Thanks, Nathan. A clean, safe, and welcoming store is one of the most important parts of the customer experience at Dollar Tree. While we've made progress, we know we can do even better. We're focused on the fundamentals, keeping aisles clear, stores clean, and our locations well-maintained. We're also investing in training and strengthening accountability across our field teams to improve that consistency. We take pride in the communities we serve, and that includes maintaining our properties, reducing litter, and looking for ways to reduce waste over time. Our goal is simple, to make sure the experience customers and associates have in our stores reflects the standards that we expect of ourselves. Our next question comes from Bessie. Bessie would like to know how Dollar Tree plans to return cash to shareholders in the future. Will the company continue buying back stock, or could it eventually begin paying a dividend? Thanks, Bessie. Our capital allocation priorities are pretty straightforward. First, we invest in the business where we see opportunities to grow sales, improve profitability, and create long-term value. We also want to maintain a strong balance sheet and financial flexibility. Beyond that, we look at returning excess cash to shareholders. Historically, buybacks have been our preferred approach because they give us flexibility. As cash flow continues to grow, we'll continue evaluating all options, including dividends. Our focus is on doing what's best for our long-term shareholder value. Our next question comes from Dorothy. Dorothy asks how Dollar Tree is using artificial intelligence today and what impact AI could have on the company and its associates in the future. Dorothy, we see AI as a tool that can help us work smarter and move faster. Today, we're already using AI-enabled tools in areas like recruiting, scheduling, onboarding, and other administrative tasks. We're also using data and analytics to help us make better decisions across the business. Most importantly, this isn't about replacing people. It's about helping our associates spend less time on routine tasks and more time serving customers. We think the best uses of AI will be the ones that make work easier and improve the experience for both associates and customers. Our next question comes from Mark. Mark asks whether Dollar Tree's multi-price strategy risks moving the company away from the value proposition that customers have trusted for decades. Thanks, Mark. The short answer is no. Multi-price is about expanding value, not moving away from it. Affordability is still at the heart of the Dollar Tree brand, and most of the products we sell are priced at $2 or below. In fact, the average item we sell is about $1.50. What multi-price does is give us the ability to offer more products, larger pack sizes, and more national brands than we could have under a single-price model. Customers still find the items they love and know, but they also have more options. We believe that's making Dollar Tree even more relevant and convenient for our shoppers. Our next question comes from Lamar. Lamar asks how geopolitical events and global supply chain disruptions could affect Dollar Tree and the products customers find in our stores. Thanks, Lamar. Like most retailers, we keep a close eye on global events because they can affect product availability and costs. We've built a diversified sourcing network and flexible supply chain to help us adapt when conditions change. Occasionally, certain products face supply constraints. Helium is a good example. When that happens, our teams work quickly to minimize disruptions and keep products flowing to our stores. While we can't control global events, we can control how we respond. Our focus remains on keeping our shelves stocked and delivering the value and treasure hunt experience our customers expect. Our next question comes from Jose. Jose asks, will Dollar Tree commit to clear goals, metrics, and time frames for its chemical safety efforts, transparently report on progress, and apply the principles reflected in the Five Essential Practices for Retailers, Brand Owners and Suppliers to identify, disclose, and reduce chemicals of concern throughout its products and supply chain? Thanks, Jose. Dollar Tree updated its chemical management policy in February of 2026. We have a new set of goals for our chemical management program. Progress against these goals will be reported annually through our corporate sustainability report starting in 2027. Our chemical management policy reflects many of the principles outlined in the Five Essential Practices for Retailers, Brand Owners and Suppliers, including identifying chemicals of concern, increasing supply chain transparency, and promoting safer alternatives. We continue to engage suppliers and will monitor progress towards reducing chemicals of concern across our product assortment. As our program evolves, we will continue to evaluate and refine goals, metrics, and implementation time frames. We'll transparently report on progress through our regular sustainability disclosures. Thank you, Mike. The time for our meeting has now expired. This will conclude our webcast. Thank you for attending this year's annual meeting. I will now turn things back to the operator. This now concludes the meeting. Thank you for joining, and have a pleasant day.