Good day, everyone, and welcome to today's Lands' End first quarter earnings call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. You may register to ask a question at any time by pressing the Star and one on your telephone keypad. You may withdraw yourself from the queue by pressing Star and two. Please note, this call is being recorded. I will be standing by if you should need any assistance. It is now my pleasure to turn the conference over to Chief Financial Officer, Bernie McCracken. Please go ahead. Good morning, and thank you for joining the Lands' End earnings call for a discussion of our first quarter 2024 results, which we released this morning and can be found on our website, landsend.com. I'm Bernie McCracken, Lands' End's Chief Financial Officer, and I'm pleased to join you today with Andrew McLean, our Chief Executive Officer. After the prepared remarks, we will conduct a question-and-answer session. Please also note that the information we're about to discuss includes forward-looking statements. Such statements involve risks and uncertainties. The company's actual results could differ materially from those discussed on this call. Factors that could contribute to such differences include, but are not limited to, those items noted and included in the company's SEC filings, including our annual report on Form 10-K and quarterly report on Form 10-Q. The forward-looking information that is provided by the company on this call represents the company's outlook as of today, and we do not undertake any obligation to update forward-looking statements made by us. Subsequent events and developments may cause the company's outlook to change. During this call, we'll be referring to non-GAAP measures. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures can be found in our earnings release issued earlier today, a copy of which is posted in the investor relations section of our website at landsend.com. With that, I will turn the call over to Andrew. Thanks, Bernie. Good morning, and thank you for joining us today. We delivered strong first quarter 2024 results from the continued execution of our strategy, centered around Lands' End being the innovative, solutions-based brand that's ready for life's every journey. This vision is the cornerstone of our value creation strategy, which is underpinned by three key priorities: build the brand, increase product margins, and grow our customer base. Our deliberate efforts to generate more profitable sales by deploying asset-light approaches in tandem with our core digital businesses gained momentum in the first quarter of 2024, resulting in an increase in gross profit dollars and significant gross margin expansion. With inventory down 23% year-over-year in the first quarter, we remain nimble and continue to prioritize newness and speed to market in our assortment, introducing new styles, fabrics, and colors to which our customer responded positively. We are focused on further improving our inventory turn through a variety of speed and efficiency initiatives. As noted, it also serves as a reminder to our customer, "Buy it now, or it may be gone." Based on our gross merchandise value, or GMV, we returned the brand to growth in the first quarter with a low single-digit increase year-over-year. We did this by continuing to evolve our brand story, especially across our digital and licensing channels. We're also leveraging our proprietary data to better understand the shopping behaviors of our two key customer cohorts, Resolvers and Evolvers, to further refine our customer journey and match that with a user experience that is reflective of the Lands' End of today. Late in Q1, we continued to showcase our innovation when we introduced our newly designed website that better represents Lands' End as a brand ready for customers at every moment. Social media has become a key part of our marketing, and one that has generated strong new customer acquisition. By combining our elevated brand story with a multifaceted paid social media approach, we're better promoting newness across our assortment, which drives traffic to our own channels and drives more full price selling. As a result, in the first quarter, we've more than doubled demand from social media year-over-year. Moving forward, we will continue to build our brand through marketing rather than discount. We will do this by taking a more asset-centric approach to our assortment, featuring significantly more productive and compelling inventory that facilitates demand across natural adjacencies. From a product standpoint, we had several high-performing categories during the first quarter and saw increased full price selling from introducing newness. Our transitional weather solutions performed particularly well and were a key driver of our success. As milder weather prevailed across the winter and early spring, we seized the opportunity to meet the moment for our customers by leaning into our wear- now approach to our assortment, which yielded a great customer response. Through our authority in outerwear, we once again drove sales across key adjacencies, with layering products, including women's sweaters and knit tops, performing particularly well. Zeroing in on outerwear, we're pleased with the performance of our weatherproof assortment of lightweight jackets, raincoats, and fleeces, which all continued to perform well in the first quarter. Women's bottoms were another winner, with customers responding well to new styles like wide-leg denim and chino pants, and on-trend materials like linen and gauze. In addition to delivering newness in key apparel categories, our strong franchises, like our Wanderweight line of ultra-light packable outerwear, Squall jackets, and Drifter sweaters, enable us to offer a family of products that solidify our positioning as a lifestyle brand. We remain incredibly confident in our ongoing innovation strategy. Turning to our swim business, we took a view across the season that allowed us to introduce and sell our key franchises, including the newly patent-pending Wave Shaper sculpting suit, at full price for a longer time period. Periodic events, like our highly popular National Swimsuit Day, have reduced our reliance on daily promotions to drive sales. Across all our channels, we were able to deliver on our gross margin goals while leveraging the success of swim to drive growth in our new-to-file customer accounts. In fact, looking at the season to date, where we are consistently flowing more newness, our swim business has the potential to exceed our margin dollar plans while maintaining our leading market share. Before I touch on the performance of our various businesses, I want to remind you that we are preparing to change the way we talk about our performance to be more consistent with the evolution of our brand. Specifically, we plan to discuss our business in terms of B2C and B2B. Beginning with our B2C activities, our U.S. e-commerce business is our largest direct-to-consumer channel. The business delivered its fifth consecutive quarter of great margin performance, with an increase of over 600 basis points due to our more targeted approach to promotions, which drives higher quality sales and improved inventory management. As we've mentioned, we continue to maximize key events to drive demand. With lower levels of inventory, we are utilizing occasions like Presidents' Day and National Swimsuit Day to lean into newness and quality products that our customers are responding to. These events have allowed us to drive profitability by achieving more full price sales while maintaining lower levels of promotional activity. Put another way, our strategy is not to simply move units. We're maintaining lower promotional levels while achieving more quality sales from the strength of our brand and the solutions we offer customers. In addition to driving quality sales, these efforts around key events are also driving a nice increase in new customer acquisition, with our global new customer acquisition increasing in the first quarter year-over-year by high single digits. Building upon a strong fourth quarter, our European business continued its upward trend in Q1, with exceptional gross margin expansion of over 1,000 basis points year-over-year. As in the US, we continue to prioritize newness and better inventory management, with a focus on increasing margin through lower levels of promotional activity. Moving to our third-party business, we continue to see strong results from our approach of working with partners that share our vision for customer-focused solutions and are additive to our assortment. While third-party marketplace revenue was down year-over-year, we saw similar margin expansion from sales through these marketplaces as we did through sales directly from Lands' End, further reinforcing our brand positioning and story to customers who shop with us in these other channels. We are managing the third-party business in close coordination with our U.S. consumer division, enabling us to better align our approach across the various channels where consumers interact with Lands' End. Our coordinated approach to maintaining a similar customer experience across our third party and direct business, while also tailoring the assortment for each partner based on their customer needs, helps us drive traffic to our website, where a customer can access an even wider array of our solutions. Another benefit of this approach, and paired with our focus on better inventory management, is that we can better manage our go-to-market channels and maximize the efficiency of our inventory. During the first quarter, our licensing strategy, which adds asset-light, recurring revenue streams, continued to accelerate. Our initial foray into the Costco channel exceeded our expectations, with a handful of swimsuit options selling through quickly. Along with previously announced licensing agreements in kids and in footwear, we entered into a new licensing agreement for our home product, which expands a business that was already performing well into new channels. While we recognize only licensing royalties on our P&L, the incremental GMV allows us to return the brand to growth and positions us well for the future. Turning now to our B2B Outfitters business. We have used the time wisely over the last year to kickstart the sales engine for a business that we believe can become a high performer for Lands' End. This focus, evident last year, allowed us to add new accounts and deliver compelling Q1 results in our school uniform business, something we'll look to build in subsequent quarters. In addition, as we have outlined in the past, we significantly retooled the business to focus on customers by size and by industry, leveraging our strength in being the provider of choice to large, medium, and small businesses that share our outlook for high-quality products and outstanding customer service. Consistent with our approach in the B2C businesses, we have chosen to prioritize quality of sales and profits ahead of revenue and deprioritize low-return businesses, notably our promotional products business.... That effort has resulted in a more connected approach to client development through a national sales team, with successful relaunches of existing clients and several new launches in process for 2025. We'll look forward to continuing this growth story in coming quarters. I'll now turn it over to Bernie to discuss our first quarter performance in more detail. Thank you, Andrew. Before I dive into our results, I want to remind everyone on the call that the first quarter of 2023 included the conclusion of our work with Delta. This resulted in the pull forward of significant revenue and gross profit dollars into the first quarter last year. We're making note here, as the comps adjusting for Delta are more indicative of our year-over-year performance across the company. For the first quarter, total revenue performance came in slightly above our guidance range at $285.5 million, a decrease of 8% compared to last year, or a 1% increase when excluding the $27 million difference in year-over-year revenue from Delta. GMV increased low single digits for the first quarter of 2024, which was in line with our guidance. As a reminder, we believe GMV, which accounts for the total order value of all merchandise sold to customers through B2C and B2B channels, as well as the retail value of the merchandise sold through third-party channels, is an important indicator of the performance of the comparable growth of our brand. We delivered adjusted EBITDA of $12 million in the first quarter, which exceeded the high end of our guidance range, and a year-over-year increase of over 60% when excluding the $13 million dollar difference from Delta. These results reflect our continued efforts to prioritize profitability and balance sheet efficiency versus solely sales, which has continued to improve our profit margins across our business units. Gross profit increased by 1% compared to last year, driven by our fifth straight quarter of gross margin expansion. Excluding the $13 million difference from Delta, gross profit increased by 11%. Gross margin in the first quarter was 49%, an approximately 410 basis point improvement from the first quarter of 2023. The margin improvement was driven by new products across the assortment, strength in transitional outerwear, swimwear, and adjacent product categories, lower promotional activity, reduction in sales of clearance inventory, and improvements in supply chain costs. Our U.S. e-commerce business saw a sales decrease of 4% compared to the first quarter of 2023, and we generated a 10% increase in gross profit dollars, driven by continued efforts to prioritize higher quality sales. Our European e-commerce business increased gross profit dollars by 27% compared to the first quarter of 2023, with sales down 2% year-over-year. Sales from Lands' End Outfitters were down 42% from the first quarter of 2023, reflecting the impact from Delta. Excluding the $27 million difference in year-over-year revenue from Delta, the Outfitters business was down 9%. Our third-party business increased gross profit dollars by over 40% compared to the first quarter of 2023, with revenue increasing by over 60% year-over-year. The increase in sales was primarily due to revenue from licensing arrangements, including $10.5 million of kids' product inventory sold to a licensee as this business transitioned to a licensing model. Online marketplaces saw increased gross profit from higher margins, driven by the expansion of our higher quality sales strategy to third-party partners. As a percentage of sales, SG&A was 45%, which was an increase of approximately 630 basis points compared to 2023, primarily due to deleverage from lower revenues and investment in digital marketing, driving new customer acquisition. As Andrew noted, these investments are critical to our strategy, and we are already beginning to see them drive results. For the first quarter, we had a net loss of $6.4 million, or $0.20 per share. We had an adjusted net loss of $6.2 million, or $0.20 per share, which came in better than our guidance range. Moving to our balance sheet. Inventories at the end of the first quarter were $289 million, compared to $376 million a year ago. The 23% improvement in our inventory position was a result of our supply chain team's continued efforts to drive efficiencies in our business. In terms of our debt, at the end of the first quarter, our term loan balance was $257 million, and our ABL had $40 million of borrowings outstanding, which was $60 million lower than the first quarter last year. During the first quarter, we purchased $1 million worth of shares under our $25 million share repurchase authorization announced in March, bringing the balance of the remaining authorization to $24 million as of the end of the quarter. Now moving to guidance. We are continuing to prioritize high-quality sales and improved cash flows, which we expect to drive continued gross profit and margin expansion during the summer selling season. In the second quarter, we expect net revenue to be between $290 million and $320 million, with gross merchandise value, or GMV, expected to be mid to high single-digit growth. We expect an adjusted net loss of $4.5 million to $2 million, and adjusted diluted loss per share to be between $0.14 and $0.06. We expect adjusted EBITDA to be in the range of $14 million to $17 million. For the full-year, we raised the low end of our revenue guidance and now expect net revenue to be between $1.36-$1.45 billion, while GMV is expected to be low- to mid-single-digit growth. We now expect adjusted net income of $5.5-$13 million and adjusted diluted earnings per share of $0.18-$0.41. We now expect our adjusted EBITDA to be in the range of $88-$97 million. Our guidance for the full-year incorporates approximately $30 million in capital expenditures. As we have discussed, we expect our improved inventory management to enable us to maintain inventory at normalized levels and bolster our work to further expand gross margin moving forward. With that, I will turn the call back over to Andrew. Thanks, Bernie. I want to thank our team for their hard work and for delivering a great start to the year following a busy holiday season. We're making significant progress against our strategy, and our efforts to innovate every aspect of our business and define and refine our brand are bearing fruit. As we transition from spring to summer, we are encouraged by how our customers are responding to our assortment of summer solutions that offer both fashion and function. Our strong performance during the recent Memorial Day holiday weekend gives us confidence that the solutions we provide and our go-to-market strategy are the right ones for Lands' End and for our customers. We're incredibly excited for what's in store for Lands' End in 2024, as we become a larger part of our customers' daily lives, as a brand that can truly meet any moment for our customers. On May 30th, I had the honor of ringing the Nasdaq opening bell alongside many members of our team to celebrate Lands' End's 10th anniversary as a public company. It's amazing to see how much Lands' End has evolved since then, and particularly over the last year, while staying true to its heritage as an iconic American lifestyle brand. Thanks to the great Lands' End team, we're extremely confident in Lands' End's future and our unique ability to serve as a partner to our customers, ready for life's every journey. That concludes our prepared remarks. We look forward to your questions. Thank you. At this time, if you would like to ask a question, please press the star and one on your telephone keypad. You may remove yourself from the queue at any time by pressing star two. We will pause for a moment to allow questions to queue. We will take our first question from Dana Telsey with the Telsey Advisory Group. Hi, good morning, Andrew and Bernie. Congratulations on the nice progress. Nice to see. As you think about your core customer, the Resolver, the Evolver, what are you seeing in terms of... Is it differentiation in terms of price point, differentiation in category sell-through, and with the improved gross margin, the reduction in promotion, anything changing on the full price sell-through that you're getting? And also anything different in terms of sell-through of newer items versus core and classic, basically the health of the consumer as you see it. Thank you. Hey, Dana, it's Andrew. Thanks very much. It's nice to hear from you. Yeah, we do see a difference between the Resolver and the evolver. The Resolver is our long-term customer. We have millions of them, and our Resolver is the one that we really feel we can expand into, and there's a lot of consideration to be had from that customer. The Resolver has traditionally been a customer who comes back and shops one category, and they tend to, like, replace what's worn out. We have seen that behavior, even with our Resolvers, begin to move. We are seeing them starting to shop still largely single categories, but we've then expanded the category of swim to include your whole outfit. So we've seen that get picked up, but we're starting to see them come back and buy more fashion, so they'll buy more prints. Prints were very, very strong during the quarter for both Evolvers and Resolvers, but we saw that Resolver really start to make the move and buy into more full price products. With the Evolver, I mean, I think you could see from our commentary that we had a good run up in our new-to-file customers, and our overall database is probably as healthy as it's been in the last few years. We saw a customer come in who was really going to buy broadly across categories and buy broadly at full price. We saw wins in our key categories. For us, obviously in swim and in bottoms and in women's tops, were extremely powerful. We actually saw improvements in our underlying men's business. So in answer specifically to your health of the consumer, see the consumer back off. We attracted more consumers, we sold more to those consumers, and we sold more to those consumers at a higher margin. So I'm feeling that right now, the strength of the customer is in relatively good shape. I guess your follow-on question would be Q2, and we gave some guidance in the script about what we've seen month-over-month. I'm gonna get it out. Memorial Day weekend. Memorial Day weekend was extremely strong for us as well, and we saw both our customer cohorts, Resolvers and Evolvers, come through. And actually, we started to break open our Resolver and Evolver. We're seeing Resolvers who exhibit Evolver behaviors, and I think we're gonna be widening this group a little bit as we lean more into different customer cohorts and follow through on the various journeys that our customers are taking. Because it's more than just two customer cohorts, and it's more than just one journey. Got it. Thank you. Follow-up. How are you thinking about marketing spends for the year to acquire new customers? And then you mentioned the Costco business and that strength. Anything else happening on third parties that we should—that could be interesting, whether increasing third-party business, new third-party business, or third-party business that you're swapping for something else? Thank you. Okay. So, you know, with the market, we're quite careful with our marketing, which is it's like the marketing is gonna have to have a return in season. So, you know, we did increase that, and we saw a return in new-to-file, but, you know, we made sure that we covered our bases, and it generated enough incremental gross margin that we were gonna hit our plans. I'm not one for, you know, taking the foot off the gas in terms of where we're gonna go with our numbers. What we did see was we pushed more into consideration by looking at, like, cultural events and being sort of more focused further up the funnel with our customers than we had been before. So you know, I mean, I'll give you an example. We created... Over Memorial Day weekend, we created 2.3 billion impressions with our marketing, over 700 million last year. You know, that's symptomatic of how we're investing in the experience of the brand versus just putting simple discounts out there. Now, there'll always be some form of discounting, particularly with paid search, but we've been able to reduce the overall levels of that discounting to maintain a much fuller price business, and that allows us then to continue the cycle of investing in new customers. I was pleased with the new customer file, not just because it was up, but because it was up across the board. We saw it in different channels. We saw it in different geographies. Our teams in Europe, and I do want to give a shout-out to them on the call, did a really nice job driving their new-to-file as well. That augurs well for success for us later in the year and into future years as we work on getting those customers back in for their second purchase. In terms of, Costco, we were really happy with Costco. Hello, Dana, can you hear us? Yes, I can hear you. Okay. In terms of Costco, we were really very happy with Costco. It's just a handful of items that we put in there, and they blew out really quickly. It's business that we'll go back into. You know, we like that. I would say that, you know, we'll always keep it, you know, small, but the opportunity to reach a much wider customer cohort, and particularly Evolvers, is there, and it's powerful. And, you know, I look at their size, the size of Costco relative to us, and there's a lot of running room to be had in that. In terms of what's coming up next, we're going to be going on to a new marketplace, so watch this space in Q2. I think there's opportunity there. And in terms of our licensing, yeah, absolutely. I mean, you know, I look at it as an opportunity as we expand geographies. I know we haven't done that yet, but it's certainly something that's on the horizon for us. And as we expand into different channels to really get the brand out there and more visible to the consumer and reach a new consumer. So, you know, as we look at, you know, areas we could go into, I'm just giving examples rather than giving specifics, but if you think about things like beauty and wellness, those are big areas for us to lean into. We see that there is great opportunity with the brand to take it a little further forward. And we like our positioning. It's not a discount positioning. This is a more elevated brand now. It's more culturally relevant. It deserves the consideration of the customer. We don't take our customer for granted, and as we expand those licensing channels, we look for like-minded partners who share that philosophy. Got it. Thank you. Thanks, Dana. Thank you. We will take our next question from Eric Beder with SCC Research. Good morning. Let me add my congratulations. Thanks, Eric. I want to talk a little bit about licensing. I believe that you have started now to do the shoe business again with the licensee, and I'm curious what the response has been to that in terms of being able to offer expanded styles and the customer response to that. I guess an update here now, when you should start to see the kids' licensed product shift over and the new category you mentioned also, and I do have a follow-up. Yeah, okay. Fantastic. We're obviously happy with our licensing. It is a nice contribution in the first quarter, and it was great to see that overall, the company's gross merchandise value was positive. It's a really strong sign that our strategies are taking root, not just with the channels that we're distributing in, but with the product branding differences that we're making and the customer that we're really reaching here. Right now, there weren't, wasn't really much to talk about in Q1, as it turns out, Eric. And it's like we moved over to our shoes license, but we really only started to see product come in towards the end of the quarter. That will ramp up on our website through the second quarter, and arguably where the most benefit will come from will be from distribution in channels outside of our own digital channel. We'll get that reach into other retail channels and wholesale channels, and you'll really see that as a back half upside for the business. It's a similar story with kids. There's nothing new on kids. We're working with our partner, selling through our existing kids product, and we won't see that newness really hit until the back half of the year, at the earliest. And again, longer path into a wider distribution beyond our website. What I would say is just given the initial results and given the product that I've seen, I'm very, very happy with it. I think that the elevation of the product and the representation of how we view Lands' End is really powerful. I think the opportunity to take that product and add it to the product that we're generating ourselves is like, gives us a tremendous opportunity for amplification, not just in the back half of the year, but in future years to come. Great. Let's shift gears and talk about international. That was a really strong international result. I'd like to drill down a little bit more. I know you've talked before about international having some of their own products for each region and how that really helped drive margins and other pieces. I'm curious if that, where that kind of strategy is, and when you look at the international, where do you think the best potential in terms of countries is also, too? Thank you. Yeah, great. The own product question is a great one. Where we gave the... Well, let me step back. With the international business, what's great about it is that we gave them the opportunity to test and learn for the whole organization. So ideas that work internationally are ideas that we're happy to bring back to our domestic business in the US. And, you know, the thing, the mission that we set them on early was on their sourcing, because we had moved in the pandemic to having one global assortment. And, you know, the customers in Germany saw the same product as the customers in the US. That really doesn't work. I've, I've had a lot of experience with that in my career, and you can, you can do it for a little bit of time, but you can't do it consistently because trends just evolve at slightly different times. And if you put your customer at the center of everything you do, and we do put our customer at the center of everything we do, it's, it's we want to give them reasons for consideration beyond just discounting. And so we really needed to start to localize the assortment or some percent of the assortment, and that's what we did. So we will likely never be more than about 20% of the assortment being localized in international, in the international markets we're in right now, because we do want to get sourcing leverage in there. But our opportunity to test and learn falls into two buckets. One, there's really, we're trying something that is a new line or it's a new fabrication, but it's a marked change to our assortment. We're able to test that out quickly with our partners in Europe, or there's something that's important to the market that we don't have. We saw the whole crochet trend come into Europe before it came into the U.S., and we were able to jump on that and get ahead of it very quickly, particularly for the U.K., and then it moved to Germany, and it's interesting to see that that's now moved into the U.S. as we follow that fashion and it becomes a global trend. We'll continue to do that. That's a very good arrangement for us. We like having sourcing closer to home. The closer we can be to the customer, I think the more opportunity to make money and drive margins that there are, and particularly it fits a more asset-light approach and not having heavy inventories. The potential for where we would go is we have adjacencies in Europe that are easy to expand into and sit right in front of us. You know, France is a big, a big market. We're not really pushing the narrative in France. That's an opportunity for us, that just leverages existing infrastructure. Similarly, with countries like Austria, we can leverage our German operations, and then I think we can expand to other markets where we see opportunity from Eastern Europe to Spain. We have considered the Middle East at times. It's not right, right now. We will come back to that market. Another market that interests us, where we had exited, is Japan. We see opportunity there, for a significant leverage, and that's a, that's an itch I'm going to scratch at some point. And then really, a market I've been successful in in my career, and I see a lot of opportunity in it, is Latin America. We sell pretty substantially, into Mexico right now, but it's mostly expats. But I think there's a, a market there. There's several, South American markets. There's Chile, there's, Colombia, I think are two that stand out. North America, obviously, there's Mexico, and we see those as being really sort of easy leaps for us because the, the narrative for Mexico is it's not too far away from the US, and we see that customer in our cohort in any case. ... Great. Thank you. Gracias. Thank you. Thanks, Eric. Thank you. We will take our next question from Alex Fuhrman with Craig-Hallum Capital Group. Hey, guys. Thanks very much for taking my question. I wanted to ask about the impact that some of your more kind of high-end technical items that are more functional are having on gross margin. Looks like, you know, you guys are having a lot of success. You mentioned the Wanderweight packable jacket, swimwear as well, seeing you guys are selling a lot of more technical, you know, UV resistant and tummy-tucking type items over $100, which I believe is, you know, more than the brand has historically commanded. How much more opportunity is there, to be, you know, inserting more of those high value, higher priced items into the assortment? And are there other categories where you think there's an opportunity, outside of maybe swim and outerwear, where you can really take the assortment up like that? Morning, Alex. How are you doing? I'm doing great. Thanks, Andrew. Roughly, about a third of our items right now are some form of solution. So as we look through the greater assortment, they've got something on them. It might be sun protection factor, it might be so like tummy flattening technology, it might be, you know, pants that will move with you as you resize. They all sold really very well. If we look at those items, they really appeal to the customer and attract the consideration of a largely full price paying customer. And so clearly, there's a lot of running room for us to lean into, to continue to expand that assortment over the coming years, quite frankly, and drive higher gross margins. I just think it's also worth noting that we did change the business model fairly substantially this year to flow newness more continuously. You know, if I just look at something like our women's business in the first quarter, newness, we saw it drove about 80% of our upside, and we had significant upside in our newness. I think the other part that I don't want to forget is that, you know, much as we're engineering solutions into this, we're also, like, reaching underlying trends. Our customers deserve the trend. They deserve to be able to dress in a way that makes them feel great. And so, you know, there were other wins within there that I wouldn't necessarily call a solution, but I would call out as being kind of differentiated from where we've been before. So, for example, our number one performing item in bottoms, I beg your pardon, in jeans, was our high-rise, wide-leg. We saw similar within linen, and those are styles that as a brand, we've not necessarily approached in the past. And I think also, you know, we changed some of our philosophy on how we would drive third-layer pieces. And as I look at sweaters, I want to make sure that they get a callout. The sweater teams, the company over really excelled in the first quarter with that third-piece layering. And, you know, in particular, if I look at our Drifter sweater, it doesn't come with a solution per se. Not to say we won't engineer one in, but it's been a very powerful add and driven significant increases. In fact, I would say of a 12-week plan that we had for sweaters, they had it in within 8, 8 weeks. So that gives you a sense of how powerful that class has become to us. So I don't know if I totally answered your question. I'm happy to talk about- Well, Alex, let me convert it a little bit to the numbers. You know, the significant gross profit drivers we've achieved over the last three quarters, but mostly in Q1, has been through lower discounting. So our AURs are up, so we're getting a higher price. We're getting that higher price from newness, we're getting that higher price from the right trend, and we're getting that higher price from having solutions. The rest of that benefit has been come from lower costs on our products. So while we're adding a lot of these solutions, we're actually still driving a lower cost of the product coming in. So those two factors are really what's driving that gross margin improvement that you're seeing. Great. That's really helpful. Thank you both for the very thorough response, and congratulations on the strong results you're seeing. Hey, thanks, Alex. Thanks, Alex. Thank you. We will take our next question from Steve Silver with Argus Research. Good morning. Thanks, operator, and thanks for taking the question. A lot of my questions have already been asked, so I guess I just have a big picture question for you guys. In your prepared remarks, you touch upon quite a few themes of using technology, having a strategy focused on innovation and announcing new patents for swimwear, for example, announcing great results in terms of social media campaigns. I'm just curious as to whether you think Lands' End is doing anything unique in these regards, or if you're just doing a lot of these things better than competitors that are also looking to take their data and leverage it into high-growth areas. Hi, Steve. It's nice to meet you. It's Andrew McLean. We have a vision, and it really is to be the innovative solutions brand for life's every journey. And that's the lens by which we judge everything in the organization. So as we go through our day, and when we make decisions around product, we make decisions around technology investment, we make decisions around marketing, and it's like that's the filter that we pass everything through. And I think the fact that we're patent pending on merchandise gives you an indication of we really want to differentiate ourselves, and we want to pull away from the industry at large, and we see an opportunity to do that. It's not for nothing that we have a leading market share in women's swim for the women over forty. We're not just defending that by just trying to stay put. We're, we're growing that and actively looking to expand that. We see tremendous opportunity, and we've been great on the technology that we've engineered into this product, and I think you should watch for more patents coming on that as we differentiate ourselves. But we've also really leaned in and thought about how the customer wants to wear it, how it fits with their lifestyle, and that's taken us away from being quite so basic and a little more focused on pattern, and a little more focused on fashion, or a little more focused on their lifestyle. That will always continue to see us, not necessarily be at the edge of everything, but be looking to create ways to differentiate our position, which is really why we come back to the solutions that are really along with you for, you know, your journey. I think as it comes to our technology, we've always been able to differentiate ourselves on our data. I think for the company, the size we're at, we've been able to punch above our weight, and we'll continue to do so. We have a number of data scientists on staff, and for us, it's really about looking in and being able to change how we think about a customer in a way that best suits how we're trying to come to market and best suits their lifestyle. So you won't hear us talk about demographics as much as you'll hear us talk about psychographics. And I don't tend to hear that when I'm out in the industry quite as much, and I think that's another differentiator for us because we're really building assortments around those customers at the center of everything we do, and we want to be there for their journey. As it pertains to technology, you know, I would say continue to watch this space. It's like Lands' End has, you know, traditionally always been at the leading edge of being first into the industry, and I think we've probably fallen a little back on that, but it's our intention to really, you know, continue to use that where appropriate, to differentiate ourselves. You know, as I look out there, the notion of what the web and the relationship with the customer is going to be is changing, and it's probably changing as fast as it has in a number of years. Look at the growth of Shein or Temu, and there are ideas there. There are other ideas around loyalty that's out there that we're really working on as an organization to make it about your experience as a customer with Lands' End, and make sure it's your individual experience, make sure it's an experience that's always growing with you and give you as much access to it as possible. So no technology for technology's sake. In fact, nothing for nothing's sake. What we're doing is very measured, it's thoughtful, and it's pointed to where we think we can create the most value for our customers, and by extension, ourselves. That's very helpful. Thank you so much, and congratulations on the quarter. Thank you. Thanks, Steve. Thank you. It appears that we have no further questions at this time. This does conclude Lands' End first quarter earnings call. Thank you for your participation. You may disconnect at any time.