Helen of Troy Limited (NASDAQ:HELE) Q2 2020 Earnings Conference Call - Final Transcript

Oct 08, 2019 • 09:00 am ET


Helen of Troy Limited (NASDAQ:HELE) Q2 2020 Earnings Conference Call - Final Transcript


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Greetings. Welcome to the Helen of Troy Second Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to Jack Jancin, Senior Vice President of Corporate Business Development. Thank you. You may begin.

Jack Jancin

Thank you, operator.

Good morning, everyone, and welcome to Helen of Troy's second quarter fiscal 2020 earnings conference call.

The agenda for the call this morning is as follows. I'll begin with a brief discussion of forward-looking statements. Mr. Julien Mininberg, the Company's CEO, will comment on the financial performance of the quarter and specific progress on our strategic initiatives. Then Mr. Brian Grass, the Company's CFO, will review the financials in more detail and comment on the Company's outlook for fiscal 2020. Following this, Mr. Mininberg and Mr. Grass will take your questions you have for us today.

This conference call may contain certain forward-looking statements that are based on management's current expectation with respect to future events or financial performance. Generally, the words anticipates, believes, expects and other words similar are words identifying forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties that could cause anticipated results to differ materially from the actual results.

This conference call may also include information that may be considered non-GAAP financial information. These non-GAAP measures are not an alternative to GAAP financial information and may be calculated differently than the non-GAAP financial information disclosed by other companies. The Company cautions listeners not to place undue reliance on forward-looking statements or non-GAAP information.

Before I turn the call over to Mr. Mininberg, I'd like to inform all interested parties that a copy of today's earnings release has been posted to the Investor Relations section of the Company's website at www.helenoftroy.com. The earnings release contains tables that reconcile non-GAAP financial measures to their corresponding GAAP based measures. The release can be obtained by selecting the Investor Relations tab on the Company's homepage and then the News tab.

I will now turn the conference call over to Mr. Mininberg.

Julien R. Mininberg

Thank you, Jack, and good morning, everyone. Thank you for joining us today.

Before discussing our business, I'd like to extend my gratitude for the outreaching concern that many of you offered after the mass shooting in El Paso in August. While the city is still mourning, we are very proud of its resilience and how the citizens and leaders from El Paso and across the nation came together to support victims and their families in the face of senseless and hateful violence. I am also proud that Helen of Troy as a company and so many of our associates around the world stepped up immediately, emotionally, financially and with their time to help the victims and their families and to support the community we are proud to call home for over 50 years.

Now turning to a discussion of our business