Good afternoon and welcome to Lulus fourth quarter and fiscal year 2024 earnings conference call. Today's call is being recorded, and we have allocated one hour for the prepared remarks and Q&A. At this time, I'd like to turn the conference over to Lulus General Counsel and Corporate Secretary, Naomi Beckman-Straus. Thank you. You may begin. Good afternoon, everyone, and thank you for joining us to discuss Lulus fourth quarter and fiscal year 2024 results. Before we begin, we would like to remind you that this conference call will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made on this call that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to statements regarding management's expectations, plans, strategies, goals and objectives and their implementation, opportunities for growth, and a return to profitability in the coming quarters, the long-term growth trajectory of our business, our expectations around the continued impact of the macroeconomic environment, including as a result of the imposition of tariffs, consumer demand, and return rates on our business, our future expectations regarding financial results, our ability to realize the intended impact of cost reduction measures, our ability to pursue alternative debt financing options, references to the fiscal year ending December 28, 2025, including our financial outlook for fiscal year 2025, market opportunities, product launches, and other initiatives. These forward-looking statements are subject to various risks, uncertainties, assumptions, and other important factors which could cause our actual results, performance, or achievements to differ materially from results, performance, or achievements expressed or implied by these forward-looking statements. These risks, uncertainties, and assumptions are detailed in this afternoon's press release, as well as our filings with the SEC, including our annual report on Form 10-K for the fiscal year ending December 29, 2024, filed with the SEC this afternoon, all of which can be found on our website at investors.lulus.com. Any such forward-looking statements represent management's estimates as of the date of this call. While we may elect to update such forward-looking statements at some point in the future, we undertake no obligation to revise or update any forward-looking statements or information except as required by law. During our call today, we will also reference certain non-GAAP financial information, including adjusted EBITDA, adjusted EBITDA margin, net debt, and free cash flow. We use non-GAAP measures in some of our financial discussions as we believe they more accurately represent the true operational performance and underlying results of our business. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for or superior to the financial information prepared and presented in accordance with GAAP. Our non-GAAP measures may be different from non-GAAP measures used by other companies. Reconciliation of GAAP to non-GAAP measures, as well as the description, limitations, and rationale for using each measure, can be found in this afternoon's press release and in our SEC filings. We also use certain key operating metrics, including gross margin, average order value, and total orders placed. The description of these metrics can be found in this afternoon's press release and in our SEC filings. Joining me on the call today are our CEO, Crystal Landsem, our CFO, Tiffany Smith, and our President and CIO, Mark Vos. Following our prepared remarks, we'll open the call for your questions. With that, I'll turn the call over to Crystal. Thank you, Naomi, and good afternoon, everyone. We appreciate you joining us today. In a year defined by a challenging consumer backdrop and rapidly evolving macro environment, we made meaningful progress identifying underperforming areas of the business and executing strategic realignments to position Lulus for long-term success. In 2024, we sharpened our focus on our core strengths, our unique position as a premier destination for occasion dresses, while optimizing our cost structure to align with our current business needs. Simultaneously, we refocused our commitment to three initiatives designed to enhance brand strength, elevate market positioning, and drive sustainable, profitable growth. As a reminder, these initiatives include continued product assortment optimization to support margin expansion, continued investment in brand initiatives to fortify customer engagement and brand differentiation, and investments in our proprietary stack and analytics programs to drive technology enablement, including improved decisioning, efficiencies, and customer experience. Throughout the year, we made measurable progress against these strategic initiatives, paving the way for us to accelerate momentum in the years ahead as the macro and consumer backdrop begins to stabilize. Sitting where we are today, with our cost rationalization and reduction measures nearly complete and behind us, we are focused on continuing to drive these key initiatives into 2025. We expect our vision for a more curated and focused assortment to positively impact our separates and shoe categories in the coming quarters. We believe our wholesale channel is gaining momentum, supported by targeted expansions and strong brand partnerships that are driving increased visibility and reach. At the same time, we expect continued investments in our tech stack and AI capabilities to fuel operational optimization and deeper personalization, enhancing the customer experience, improving retention, and supporting long-term profitable growth. Importantly, we remain disciplined in our approach to financial management, prioritizing a planned refinancing of our revolver into a more flexible ABL, supporting our commitment to improving liquidity, driving sustainable profitability, and generating positive cash flow. While we continue to see macro uncertainty in 2025, we are working diligently to best position our business for success in the years ahead. As it relates to tariffs, we do expect tariff impact on the business in 2025. Our full-year guidance contemplates the known tariffs as well as our proactive mitigation efforts. While we've taken steps to decrease our exposure to China over the last year, China continues to be one of our primary sourcing locations today. Importantly, our buys for the first half of the year are generally locked in from a pricing perspective, alleviating tariff exposure through mid-June. In the second half of the year, we plan to have a larger portion of our receipts directly sourced from factories across multiple geographies, which is intended to mitigate tariff pressures as they are outlined today. We are actively working to accelerate our direct sourcing efforts through year-end and into 2026, which we expect will continue to support margin expansion over the long term, given less than 5% of our sales are currently driven from products sourced directly from factories. In addition to these efforts, we are closely managing the incremental impact of tariffs, as we've done successfully in the past, by sharing the impact across vendors, customers, and our own margins. We continue to closely monitor the evolving situation, and our teams remain highly focused on executing our mitigation efforts of calculated sourcing, pricing adjustments, and leaning on our strong vendor partnerships. In summary, we believe we are positioned to navigate these challenges while maintaining flexibility, and our focus remains on executing with discipline and driving long-term growth. Shifting now to our performance in the fourth quarter, we continue to deliver positive double-digit sales growth in our special occasion, bridesmaids, and bridal categories, reinforcing our leadership in event dressing, even amid a seasonally softer sales period. However, these gains were offset by continued softness in our casual wear segment, which we are actively repositioning to better align with our core focus on event attire. We continue to make strong progress against our strategic initiatives and have implemented the majority of our cost reduction efforts, including the successful consolidation of our West Coast distribution facilities in late February 2025. Additionally, securing alternative debt financing remains a top priority. I'll start by sharing some of our key positive developments in the fourth quarter. Our special occasion and bridesmaids categories continue to deliver excellent performance in Q4, delivering positive mid-teen, year-over-year net sales growth and contributing to another standout quarter for these categories. Seasonal demand remains strong, particularly winter and holiday assortments, reinforcing Lulus position in the market as a go-to dress destination. Growth was further fueled by first-time reorders of new products, increasing 24% versus last year's Q4, showing positive momentum in our reorder funnel. Purposeful color additions, style introductions, and in-season adjustments helped to narrow the year-over-year decline in reorder sales in 2024 from 12% in Q2 to 4% in Q3 and 4% in Q4. We maintained a disciplined inventory management in the fourth quarter, reducing inventory by 4% year-over-year through calculated markdowns and promotions to maintain healthy levels of inventory. Return rates improved for the second consecutive quarter after eight quarters of year-over-year increases, with an improvement of 150 basis points, highlighting the material improvements we have made in fit and quality. On the brand front, we launched several successful campaigns and collaborations in the fourth quarter, driving higher reach, engagement, and media interest, which Mark will share more details around shortly. Earlier this month, we launched a new brand campaign, We Are Lulus, to further solidify our position as a go-to dress destination and deepen brand affinity, engagement, and loyalty. In wholesale, we made meaningful progress with key retailers while expanding into new collaborations. Q4 wholesale revenue grew 76% year-over-year, driven by high double-digit gains among major partners and strong momentum in specialty retail. Notably, this February, we announced our new partnerships with Nuuly, Poshmark, and Von Maur. We also deepened our presence with Dillard's and Nordstrom while expanding third-party brand collaborations with Hunter, Reebok, and Dingo 1969, to name a few. These growing partnerships reflect our focus on reaching customers across diverse shopping channels while maintaining an efficient, scalable growth model. Given our strong momentum, we expect robust wholesale growth to continue through 2025. Now, addressing the challenges in Q4, our separates and shoe categories continue to weigh on performance, driving the majority of the year-over-year net sales declines. As outlined last quarter, we have reevaluated our assortment strategy to better align with our core strength in occasion wear, shifting our separates and footwear assortment towards dressier options more focused around date nights, social events, vacations, and workwear, key occasions that our customers already engage with us. This strategic realignment is underway, and we are optimistic that a more curated assortment and reduced SKU count will enhance the customer experience while also improving profitability. Our teams are executing on a refined vision of a dressier aesthetic, with these changes expected to take place over the next few quarters. Gross margin declined 120 basis points for the quarter and 50 basis points for the full year compared to the prior year periods, impacted by higher markdown sales and increased promotional activity to maintain inventory health in response to softer-than-anticipated sales leading up to and following the election cycle. Additionally, profitability remained under pressure due to elevated markdown activity aimed at maintaining a healthy inventory position, the deleveraging of fixed costs on a smaller net revenue base, and the initial one-time costs related to the consolidation of our Northern California distribution center, with associated impacts expected to continue through part of Q1 2025. In the second half of 2024, we implemented targeted cost reduction measures alongside our high-impact initiatives with the goal to improve profitability and position the company for sustainable growth. In Q4, we began realizing the benefits of Q3 cost reductions related to payroll, capital expenditures, and a smaller board of directors, aligning our cost structure more closely with sales. Notably, we outperformed our expectations of 10%-15% operating expense reductions, achieving 19% in reductions in the second half of 2024 compared to the first half of 2024. We believe these collective measures will drive ongoing efficiencies, strengthen profitability, and support long-term objectives, all while maintaining a robust operating model that fuels our priorities, generates positive cash flow, protects brand integrity, and paves the way for long-term sustainable growth. With that, I'd like to turn the call over to Mark Vos, our President and Chief Information Officer. Mark will provide updates around progress we are seeing against strategic priorities. Mark? Thank you, Crystal. Active customer counts remained stable through year-end, holding flat quarter over quarter despite a year-over-year decline. New customer loyalty adoption rates continued to gain momentum, while our Love Rewards membership saw another quarter of double-digit growth, driving an overall increase in total membership. We are encouraged by the consistent quarterly improvements in these key metrics, which we believe reflect the strength of our targeted focus on brand, assortment, and customer engagement. We continued to successfully re-engage lapsed customers at a higher rate than Q4 2023 and at a similar rate as Q3 2024, with many customers returning after a 12-month lapse for high-performing categories like bridesmaids, special occasion, and day event dresses. While our international presence is still in its early stages, it continued to show strong year-over-year growth in Q4, making fiscal year 2024 a high double-digit international growth year. We will continue optimizing our U.S.-based international shipping model, improving our net international sale margins, and intentionally building brand awareness in select markets. I'll now share some progress updates around our strategic initiatives during the quarter, starting with our product assortment optimization and related margin expansion efforts. Alongside key year-end campaigns like Heritage Prep, Holiday, and La Dolce Vita, we leveraged AI-driven site merchandising to enhance product discovery and better connect with our customer, in many cases driving strong engagement and purchase intent. We continue to explore AI capabilities to further optimize, displaying our new and existing assortment to our customers in a data-driven and, where possible, personalized way. Our fit enhancement efforts continue to deliver results, with return rates improving for the second consecutive quarter. Our holistic approach, focused on fit flexibility and consistency across key categories, remains a priority as we work to further reduce fit-related returns. Following the rollout of our new return policy in Q2 2024, we saw an uptick in reported damages in Q4 2024. To address this, we realigned our policy in Q1 of 2025 to a flat fee rather than a per-unit return fee, a move we expect will curb fraudulent claims while maintaining positive return rate trends. The rollout of size XXL is progressing as planned, and initial reads continue to show that return rates across sizes extra-large and XXL combined have improved. Additionally, we also see an encouraging start of new customer acquisition based on size XXL and expect that the addition of this size over time will contribute to expanding our customer base. We're also adding XXS sizing to more products, resulting in a broad sizing range from XXS to XXL across various product classes, and additional extended sizing from 1X to 3X in predominantly bridesmaid dresses. This full-size range supports the notion that Lulus is the dress destination for all of life's moments, and the healthy sell-through we see underscores the demand across our customer base. While we have made progress diversifying our sourcing out of China, a significant portion of our products are manufactured there. As we discussed last quarter, we are confident in our ability to largely mitigate the impact of recent tariffs using tactics successfully deployed in prior years, distributing costs across vendors, customers, and our own margins. In the near term, we believe the value and quality of our Lulus products allow for sufficient price elasticity to absorb a portion of the impact through surgical price adjustments. Over the medium to long term, our direct sourcing initiatives and country of origin diversification position us to offset tariff-related pressures while maintaining product quality and a competitive pricing structure. Turning to our investments in strengthening brand awareness and customer engagement, we continue to elevate the Lulus brand through calculated investments in awareness, engagement, and customer loyalty. In the fourth quarter, we launched high-impact third-party and influencer partnerships, brand campaigns, and visibility programs, and substantially grew our ambassador program by more than 50%, driving increased social engagement by 33% quarter over quarter. These efforts helped deliver new customers, lowered acquisition costs, and created strong momentum. We activated the Lulus brand around key pop cultural moments, showing up where it matters most to our customers. Highlights include attending Sabrina Carpenter's Short n' Sweet tour and taking advantage of fall formal season featuring partnerships with collegiate sororities nationwide. Through curated events and content with our ambassador and influencer network, we drove strong reach and elevated brand impressions. Additionally, as Crystal mentioned, we launched this March our new out-of-home brand campaign, We Are Lulus, to kick off International Women's Month. Building on the success of last year's Friends for Life campaign, which nearly doubled brand recall over Lulus 2021 digital campaign, this multi-phase initiative highlights our positioning as a dress destination and features our Lulus team through customer-facing activations and events, influencer collaborations, and out-of-home marketing, such as prime billboard placement in New York Times Square and targeted placements in key college cities to foster early brand loyalty and capture the attention of a high-value demographic at a pivotal stage. We see a significant opportunity to continue investing in awareness as a long-term growth driver. Our third initiative focuses on driving technology enablement to improve decisioning, efficiencies, and create seamless customer experience across channels. In Q4, the Lulus app saw a significant increase in usage, conversion, and year-over-year revenue growth, fueled by extended performance marketing integration into the app. We see continued app growth opportunities, and we will be testing first-time app-only features that personalize the customer experience even further. Additionally, we released return policy updates and enabled robotics-driven fulfillment and returns in our Southern California distribution facility. We also launched the Lulus and Poshmark integration, and we are very excited that our customers can now list their high-quality Lulus products on Poshmark directly and effortlessly from their Lulus order history page and, in that way, extend the life and usage of Lulus products. We recently consolidated two of our distribution facilities by moving operations from our former distribution facility in Chico, Northern California, to our existing logistics facility in Southern California. Consolidation started in Q4 2024 and was successfully completed in Q1 2025. Kudos to all the teams involved who did a fantastic job ensuring that our customers were never impacted by this move of operations and continued to receive their orders on time. A special thanks and shout-out to all Chico Distribution Center colleagues who cared deeply about our customers and the quality of their work. They will always remain an essential part of the Lulus story. All in all, we are encouraged by the continued momentum across our strategic initiatives as we enhance cost efficiency and more effectively expand our reach to a broader customer base. Now, I'll hand you over to Tiffany Smith, Lulus Chief Financial Officer, to provide more color on our financials. Thanks, Mark, and good afternoon, everyone. As anticipated, our Q4 net revenue was approximately $66.1 million, down 12% year-over-year, driven by a 12% decrease in total orders placed and a 5% decrease in average order value, partially offset by improved return rates, which improved for the second consecutive quarter on a year-over-year basis. For the full year, net revenue totaled $315.9 million, down 11% versus 2023, primarily due to a 12% decline in total orders placed and higher return rates, partially offset by a 3% increase in average order value. Gross margin for the quarter was 37.9%, down 120 basis points versus the prior year, impacted by higher markdowns and discounts and ongoing softness in casual wear. For the full year, gross margin declined 50 basis points to 41.2% compared to 2023. On the expense side, Q4 selling and marketing expenses totaled $12.7 million, down about $2.6 million year-over-year as we shifted our investment toward higher markdowns and discounts. For the full year, selling and marketing expenses were $72.9 million, a reduction of $3.4 million versus 2023, reflecting disciplined cost management as well as a higher mix of markdowns and discounts. General and administrative expenses decreased $2.9 million to $18.9 million in Q4 2024, a 13.3% decline year-over-year due to lower employee-related costs driven by fixed cost reductions and lower variable labor and supply costs due to lower sales. For the full year, general and administrative expenses were $81.3 million, down $10.8 million or 11.7% from $92.1 million in 2023, driven by a combination of fixed cost reductions, lower variable costs resulting from lower revenues, and lower insurance costs. Net loss for Q4 worsened to $31.9 million from $7.2 million year-over-year, reflecting the impact of a non-cash $28.4 million goodwill impairment charge. Excluding the goodwill charge, our adjusted net loss for the quarter of $3.5 million represents the narrowest loss of the last six quarters and more than a 50% reduction in the net loss in Q4 of last year. Our focused cost reduction efforts drove $5.5 million, or 15%, in savings across selling and marketing and general and administrative expenses, more than offsetting the gross profit decline of $4.3 million. Q4's net loss also benefited from a state income tax receivable accrual, contributing to a $2.7 million year-over-year increase in the income tax benefit and a realized Q1 2025 cash benefit. For the full year, our net loss was $55.3 million compared to $19.3 million in 2023. Included in the current year's net loss was a non-cash goodwill impairment charge of $28.4 million. Excluding the goodwill impairment, our adjusted net loss for the year was $26.9 million. Q4's adjusted EBITDA loss was approximately $3.3 million compared to a $2 million loss in Q4 2023, driven primarily by the impact of lower gross profit, partially offset by lower expenses. Adjusted EBITDA margin was negative 5% versus negative 2.6% in the prior year. For the full year, adjusted EBITDA loss was approximately $9.7 million compared to a gain of $3.2 million in 2023, with full year adjusted EBITDA margin of negative 3.1% versus positive 0.9% in 2023. Interest expense totaled $313,000 in Q4 versus $337,000 in Q4 2023 and $1.3 million for the full year 2024 compared to $1.7 million in 2023. Diluted loss per share for the quarter was $0.76 compared to a diluted loss per share of $0.18 in Q4 of 2023. Excluding the impact of the goodwill impairment, our adjusted diluted loss per share for the quarter would have been $0.08, representing a $0.10 improvement compared to Q4 of 2023. Our full year diluted loss per share was $1.33, which was $0.85 worse compared to 2023. Excluding the goodwill impairment, our adjusted diluted loss per share for the year would have been $0.65, or $0.17 worse than 2023. In Q4 2024, net cash used in operating activities was $2.5 million, an improvement from $5.7 million net cash used last year. Free cash flow used in the quarter of $3 million improved by $3.7 million year-over-year. We ended the quarter with net debt of $8.6 million and an increase of $3.1 million compared to Q4 of 2023. For the full year, net cash provided by operating activities was $2.6 million compared to $15.4 million in 2023. Free cash flow used for the year was $0.3 million compared to free cash flow generated of $11.5 million in 2023. Our inventory balance at quarter end was $34 million, down about $1.4 million year-over-year, reflecting ongoing discipline in inventory management. Inventory levels were down 4% year-over-year, while our fiscal year 2024 sales were down 11%. This reflects the impact of prior year inventory carryover sales, which boosted 2023's results but did not recur in 2024. To provide further context on our credit facility, as of the end of Q4, we had $13.1 million borrowed under the $15 million revolving line. During the first quarter of 2025, we made a $3 million repayment and do not have access to additional borrowings under our credit facility. As outlined in our 10-K, we've executed an additional amendment to our credit agreement, which provides a limited waiver to compliance with the financial covenants for the period of four fiscal quarters ended on or about December 31, 2024, as well as a suspension of measurement of certain financial covenants for the first quarter ending on or about March 31, 2025, while we continue to pursue alternative financing. The amendment contemplates that we will complete a refinancing and exit the credit agreement with Bank of America by June 15, 2025. Moving on to guidance. For fiscal year 2025, we anticipate net revenue to be between $280 million and $310 million, which represents a decrease of between 11% and 2% compared to 2024. The low end of our range contemplates further macroeconomic pressures and challenges to consumer confidence and demand. The upper end of the range assumes stable demand and continued improvements in our product assortment and brand. As noted last year, we began implementing cost reduction measures in the second half of 2024 to improve profitability and align our cost structure with sales growth trends. The benefit of these reductions is expected to drive an inflection to positive adjusted EBITDA in 2025. Our adjusted EBITDA outlook for 2025 is expected to be between $0 and $6 million, representing an increase of between $9.7 million and $15.7 million compared to 2024. The downside of our adjusted EBITDA outlook contemplates a worsening consumer backdrop and margin pressure related to inability to mitigate the impact of tariffs. Related to liquidity, we anticipate our Q1 2025 ending net debt position to be between $3 million and $4 million, down from $8.6 million as of the end of Q4 2024, and we expect to be operating cash flow positive in 2025, including in Q1 2025. Lastly, we expect another well-controlled year of capital expenditures, which are planned to be between $2.5 million and $3 million, down between 13% to flat versus the prior year. With that, I'll pass it back to Crystal for closing remarks. Thank you, Tiffany. We are confident that our clear focus on assortment optimization, brand awareness to drive customer engagement, and investments in our tech-enabled business model, alongside disciplined cost management, positions us for sustainable growth and improved profitability in the year ahead. While work remains to reset our shoes and separates businesses, we are encouraged by the strong momentum in dresses and wholesale. By optimizing our business model and refining our casual segment towards dressier separates, we are reinforcing our commitment to operational excellence, adaptability, and long-term success in an evolving consumer landscape. I'd like to thank our Lulus crew for their tireless commitment to our brand and our customers, our loyal customers for their continued trust, and our valued shareholders for their continued support. As we strengthen our position as the go-to dress destination for live special moments, we remain confident in our path forward. We look forward to sharing our progress on our next earnings call. With that, I'll turn it over to questions now. Thank you. We will now be conducting a question-and-answer session. If you'd like to ask a question, please press Star 1 on your cell phone keypad. A confirmation tone will indicate your line is in the question queue. You may press Star 2 to remove yourself from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the Star keys. One moment, please, while we pull for questions. Once again, that's Star 1 if you would like to ask a question. This does conclude the question-and-answer session as well as today's teleconference. Thank you for your participation. You may disconnect your lines at this time.