Clearly, we put in place a platform for solid, sustainable growth in both sales and profits. All the pieces are in place for another excellent year in 2006.

I'm very pleased that we achieved our third consecutive year of higher sales and also our third consecutive year of record earnings. Clearly we put in place a platform for solid sustainable growth in both sales and profits.

We've been very successful in our acquisition strategy, but it should be no surprise to anyone that the current acquisition environment is quite competitive and valuations have definitely moved up.

We have now registered our fourth consecutive quarter of strong sales growth and our third consecutive quarter of higher earnings, excluding special items,

We're very encouraged by the growth in digital sales. And while international sales still has a ways to go, there is a lot of upside.

Sales growth should compare less favorably with peers. The brand has now reached a mature stage of development.