Guess' Inc. (NYSE:GES) Q1 2020 Earnings Conference Call - Final Transcript

Jun 06, 2019 • 04:45 pm ET


Guess' Inc. (NYSE:GES) Q1 2020 Earnings Conference Call - Final Transcript


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Good day everyone and welcome to the Guess? First quarter Fiscal 2020 Earnings Conference Call. On the call are Carlos Alberini, Chief Executive Officer; and Sandeep Reddy, Chief Financial Officer.

During today's call the Company will be making forward-looking statements including comments regarding future plans, business and financial opportunities, strategic initiatives, capital allocation and short and long term financial outlook. The Company's actual results may differ materially from current expectations based on risk factors included in today's press release and the Company's quarterly and annual reports filed with the SEC.

I would now like to turn the call over to Carlos.

Carlos Alberini

Thank you, operator. Good afternoon and thank you all for joining us today. Now that I have just passed the milestone of my first 100 days in this role, I would like to comment on the progress that we have made since our last call. Last month we celebrated the 38th anniversary of Guess? with a wonderful global meeting in Barcelona that we referred to as the One World One Brand Conference. The first conference of this kind took place back in 2006 and this one was our eighth one. We invited a large number of our associates from all over the world to the conference as well as our product licensees, key joint venture partners, franchisees, another key global colleagues and partners.

The energy and ideas that were shared at the conference were truly inspiring. While there were several important topics including the three day agenda, customer centricity and brand relevancy were the main focus of the meeting. The venue was the perfect one to share my strategic vision for the Company, which reads as follows. At Guess? we are obsessed with our customers. Our customers represent multiple generations that are young, sexy and adventures at heart. We inspire our customers to express their true selves through the people they relate to, the way they dress, how they spend their free time, the music they enjoy, the places they visit, the activities they engage in. In essence, we want to inspire them to express their true selves in the way they live their lives. We believe in inclusivity and inspire individuality, originality and authenticity.

Building on its incredibly strong heritage and amazing global brand recognition, Guess? will continue to be one of the coolest brands in the fashion industry, leveraging celebrity partnerships and unique go to market strategies with a growing global business, offering an incredible customer experience that includes amazing product inspired by the Guess? DNA and lifestyle, speed and flexibility, omni-channel capabilities and data driven personalized marketing. Our ultimate goal is to delight our highly desirable and loyal customers through the best global team of associates, partners and licensees, who work effectively together to achieve common goals delivering best-in-class profitability, cash flow generation and shareholder value creation.

Guess? is a conscious catalyst organization that cares about environmentally responsible practices and a great work environment. Guess? is a company that gives back to the world to make it