Macy's, Inc. (NYSE:M) Q2 2019 Earnings Conference Call - Final Transcript

Aug 14, 2019 • 09:30 am ET


Macy's, Inc. (NYSE:M) Q2 2019 Earnings Conference Call - Final Transcript


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Good morning and welcome to Macy's, Inc Second Quarter 2019 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Mike McGuire, Head, Investor Relations. Please go ahead.

Mike McGuire

Thank you, operator. Good morning everyone and thanks for joining us on this conference call to discuss our second quarter 2019 results and our full year 2019 outlook. With me on the call today are Jeff Gennette, our Chairman and CEO, and Paula Price, our CFO. Jeff and Paula have several prepared remarks to share after which we'll open it up for question-and-answer session. Given the time constraints and the number of people who want to participate, we ask that you please limit your questions to one with a quick follow-up. In addition to this call and our press release, we have posted a slide presentation on the Investors section of our website,

The presentation summarizes the information in our prepared remarks, as well as, some additional facts and figures regarding our operating performance and guidance. Additionally, our Form 10-Q will be filed in a few weeks and that too will be available on our website at that time. I do have one administrative note to share, and that is that we will be adjusting the timing of our typical quarterly earnings release beginning with our next quarterly earnings call, which will be on Thursday, November 21. As a rough rule of thumb and barring any minor conflicts, going forward, we plan to release our results for the first through third quarters on the third Thursday after the quarter end.

However, the timing of the fourth quarter call is not plan to change. In addition, we will now be publishing our earnings release one hour earlier and moving up the time of our calls 8 o'clock AM Eastern Time for all quarterly results. So please mark your calendars accordingly. Keep in mind that all forward-looking statements are subject to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions mentioned today. A detailed discussion of these factors and uncertainties is contained in the company's filings with the Securities and Exchange Commission.

In discussing the results of our operations, we will be providing adjusted net income and diluted earnings per share amounts that exclude the impact of impairment and other costs. You can find additional information regarding these non-GAAP financial measures, as well as, others used in our earnings release and during this call on the Investors section of our website.

As a reminder, today's call is being webcast on our website. A replay will be available approximately two hours after the conclusion of this call and it will be archived there following the call for one year. Now I'd like to turn this over to Jeff.

Jeff Gennette

Well, thank you, Mike, and good morning everyone and thanks for joining us. So, Paula and