Lands' End, Inc. (NASDAQ:LE) FY 2020 Earnings Conference Call - Final Transcript

Jun 02, 2020 • 08:30 am ET


Lands' End, Inc. (NASDAQ:LE) FY 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Lands' End First Quarter 2020 Earnings Call.

[Operator Instructions]

I would now like introduce your host of this conference call, Mr. Bernard McCracken, you may begin.

Bernard McCracken

Good morning, and thank you for joining the Lands' End earnings call for a discussion of our preliminary first quarter fiscal 2020 results, which we released this morning and can be found on our website,

As noted in the release, the results are preliminary, pending the completion of our quarterly procedures and preparation and filing of our quarterly report on Form 10-Q, which we expect will take longer this quarter due to COVID-19 and therefore, are subject to change.

On the call today, you will hear from Jerome Griffith, our Chief Executive Officer and President, and Jim Gooch, our Chief Operating Officer and Chief Financial Officer. After the company's prepared remarks, we will conduct a question-and-answer session.

Please also note that the information we're about to discuss includes forward-looking statements. Such statements involve risks and uncertainties. The company's actual results could differ materially from those discussed on this call. Factors that could contribute to such differences include, but are not limited to those items noted and included in the company's SEC filings, including our annual report on Form 10-K and quarterly reports on Form 10-Q. The forward-looking information that is provided by the company on this call represents the company's outlook as of today, and we do not undertake any obligation to update forward-looking statements made by us. Subsequent events and developments may cause the company's outlook to change. Of note, in this respect, the COVID-19 pandemic continues to have a significant impact on our business operations, financial results and cash flow. The uncertain and dynamic nature of current conditions and its duration can materially alter our outlook.

During this call, we'll be referring to non-GAAP measures. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures can be found in our earnings release issued earlier today, a copy of which is posted in the Investor Relations section of our website at

With that, I will turn the call over to Jerome Griffith.

Jerome Griffith

Thank you, Bernie. Good morning, and thank you all for joining our first quarter earnings conference call. I hope that you and your families are healthy and safe.

The COVID-19 pandemic has created a complex environment on many fronts to say the least. We believe that our business model provides the flexibility to mitigate some of these challenges that this pandemic has created across the industry. I am extremely proud of our team's efforts in helping us navigate through this difficult period and encouraged by the more recent trends we have seen in our global eCommerce business. I want to thank the Lands' End team for their hard work and commitment over the past few months. I also want to extend my