Duluth Holdings Inc. (NASDAQ:DLTH) Q2 2019 Earnings Conference Call - Final Transcript

Sep 12, 2019 • 09:30 am ET


Duluth Holdings Inc. (NASDAQ:DLTH) Q2 2019 Earnings Conference Call - Final Transcript


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Good morning, and welcome to the Duluth Holdings Second Quarter Fiscal Year 2019 Earnings Conference Call. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]

Please note this event is being recorded.

Now I'd like to turn the conference over to Donni Case, Investor Relations for Duluth Holdings. Please go ahead.

Donni Case

Thank you, Carrie, and welcome to today's call to discuss the Duluth Trading second quarter of fiscal year 2019 financial results. Our earnings release, which we issued this morning, is available on our Investor Relations website at ir.duluthtrading.com under Press Releases.

I'm here today with Steve Schlecht, Founder and Chief Executive Officer and Dave Loretta, Chief Financial Officer. On today's call, our management will provide prepared remarks and then we will open the call to your questions. Before we begin, I would like to remind you that the comments on today's call will include forward-looking statements, which can be identified by the use of the words such as estimate, anticipate, expect and similar phrases.

Forward-looking statements by their nature involve estimates, projections, goals, forecasts and assumptions, and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Such risks and uncertainties include, but are not limited to those that are described in our most recent annual report and Form 10-K and other SEC filings as applicable. These forward-looking statements speak only as of the date of this conference call and should not be relied upon as predictions of future events.

And with that, I'd like to turn the call over to the Steve Schlecht, Chief Executive Officer of Duluth Trading. Steve, go ahead.

Stephen L. Schlecht

Good morning, and thank you for joining our second quarter 2019 conference call. We have a fair amount to cover on today's call, but before we begin, I want to acknowledge the contributions that Stephanie Pugliese has made to our Company. As CEO, she worked tirelessly and enthusiastically to execute our strategy to build an omni-channel approach to marketing, she led the growth of our successful women's category, and oversaw the addition of 50 retail stores. Her talents and achievements did not go unnoticed and opened the door to a new opportunity with Under Armour. Everyone who has worked with Stephanie will miss her and we will -- we wish her the best success in her new endeavor.

Following her unanticipated resignation, it was an easy decision for me to step back into the role of CEO. As Duluth's Founder, I'm very proud of what we've accomplished and I'm truly committed to ensuring the continuity of our vision, our culture and our forward momentum. While I haven't been the public face of Duluth Trading for some time, I have been actively involved in all aspects of the business.

With our talented and dedicated team, we have achieved a smooth transition without any disruption to our business and we remained totally focused on our all-important fourth quarter. That said,