Genesco Inc. (NYSE:GCO) Q3 2020 Earnings Conference Call - Final Transcript

Sep 06, 2019 • 08:30 am ET


Genesco Inc. (NYSE:GCO) Q3 2020 Earnings Conference Call - Final Transcript


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Good day, everyone, and welcome to the Genesco Second Quarter Fiscal 2020 Conference Call. Just a reminder, today's call is being recorded.

I would now like to turn the call over to Dave Slater, Vice President of FP&A and Investor Relations. Please go ahead.

Dave Slater

Good morning, everyone, and thank you for joining us to discuss our second quarter 2020 results and our full year fiscal 2020 outlook.

With me on the call today are Bob Dennis, Genesco's Chairman, President and Chief Executive Officer; Mimi Vaughn, our Chief Operating Officer; and Mel Tucker, our Chief Financial Officer.

Participants on the call expect to make forward-looking statements. These statements reflect the participants' expectations as of today, but actual results could be different. Genesco refers you to this morning's earnings release and the Company's SEC filings, including the most recent 10-K filing for some of the factors that could cause differences from the expectations reflected in the forward-looking statements made during the call today.

Participants also expect to refer to certain adjusted financial measures during the call. All non-GAAP financial measures referred to in the prepared remarks are reconciled to their GAAP counterparts in the attachments to this morning's press release and in schedules available on the Company's homepage under Investor Relations in the Quarterly Earnings section.

I want to remind everyone that we have posted a presentation summarizing our results and guidance that is accessible on our website. As another reminder, we filed an 8-K in connection with our late -- with our last release in Q1 that contains adjusted non-GAAP fiscal '19 results by quarter for the last year, restated to reflect the sales Lids Sports Group as if we never owned the business per GAAP requirements. You can find that on our website as well.

Now I'd like to turn it over to Bob.

Robert J. Dennis

Thanks, Dave. We have two new people in the room with us today. Just heard from Dave Slater, Dave joins us with over 20 years of retail experience with leadership roles at Chico's FAS, Dollar Tree and Walmart. Dave will be leading our Investor Relations function as well as our Financial Planning and Analysis Team. We are excited to have someone with his relevant retail background join our team as Dave mentioned we are also joined today by our Chief Operating Officer, Mimi Vaughn, and for the first time, Mel Tucker, our new Chief Financial Officer. Mel joined Genesco in June from Century 21, the New York based department store where he was CFO since 2014. Mel also had extensive retail experience, having served in senior financial roles with leading companies such as Bass Pro Shops, PetSmart and Home Depot during his 25 year career. We are thrilled to have someone with this caliber on our team and so welcome to you both.

In a moment, Mel will review our recent performance and updated -- updated outlook in detail and Mimi will cover some specific topics that could have potential impact on our business and the progress