Deckers Outdoor Corp. (NYSE:DECK) Q4 2018 Earnings Conference Call - Preliminary Transcript

May 24, 2018 • 04:30 pm ET


Deckers Outdoor Corp. (NYSE:DECK) Q4 2018 Earnings Conference Call - Preliminary Transcript


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Good afternoon and thank you for standing by. Welcome to the Decker Brands fourth quarter fiscal year and 2018 earnings conference call. At the time, all participants are in a listen-only mode. (Operator Instructions). I would like to remind everyone that this conference call is being recorded.

I'll now turn the call over to Steve Fasching, Senior Vice President, Corporate Strategy, Planning and Investor Relations. Please go ahead, sir.

Steve Fasching

Thank you, everyone, for joining us today. On the call is Dave Powers, President and Chief Executive Officer, and Tom George, Chief Financial Officer. Before we begin, I would like to remind everyone of the company's Safe Harbor policy. Please note that certain statements made on this call are forward-looking statements within the meaning of the federal securities laws which are subject to considerable risks and uncertainties.

These forward-looking statements are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements made on this call today, other than statements of historical fact, are forward-looking statements and include statements regarding our anticipated financial performance including, but not limited to, our projected revenue, margins, expenses, earnings per share and operating profit improvement as well as statements regarding our cost savings and restructuring plans and strategies for our products and brands.

Forward-looking statements made on this call represent management's current expectations and are based on information available at the time such statements are made. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from any results predicted, assumed or implied by the forward-looking statements.

The company has explained some of these risks and uncertainties in its SEC filings, including in the Risk Factors section of its annual report on Form 10-K. Except as required by law or the listing rules of the New York Stock Exchange, the company expressly disclaims any intent or obligation to update any forward-looking statements.

With that, I'll now turn it over to Dave.

David Powers

Thanks, Steve, and good afternoon, everyone. Today, I'm excited to share with you the details of another strong quarter, which represents a great finish to a solid fiscal year 2018. We are very pleased with our recent performance and believe these results demonstrate further progress on our transformation efforts.

For the first part of our call, I will discuss our performance by brand and channel and then hand over the call to Tom for a review of our financial results. Then, we will switch gears to discuss our initial outlook for fiscal 2019 as well as the strategic priorities the organization is focused on. Before diving in, I would like to start by saying how encouraged I am with the progress that we have made in our operating profit improvement plan that we laid out a year ago, which included optimizing input costs, consolidating our factory base, improving corporate process efficiencies and indirect spend and transforming the marketplace to rationalizing our wholesale account base and