Burlington Stores, Inc. (NYSE:BURL) Q2 2020 Earnings Conference Call - Final Transcript

Aug 27, 2020 • 08:30 am ET


Burlington Stores, Inc. (NYSE:BURL) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Burlington Stores Inc. Second Quarter 2020 Earnings Call and Webcast. At this time all participant lines are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session to ask a question during the session. [Operator Instructions].

I would now like to hand the conference over to your speaker today, David Glick, Senior Vice President of Investor Relations and Treasurer. Please go ahead.

David J. Glick

Thank you, operator and good morning everyone. We appreciate everyone's participation in today's conference call to discuss Burlington's fiscal 2020 second quarter operating results. Our presenters today are Michael O'Sullivan, our Chief Executive Officer; and John Crimmins, Chief Financial Officer.

Before I turn the call over to Michael, I would like to inform listeners that this call may not be transcribed, recorded or broadcast without our expressed permission. A replay of the call will be available until September 3, 2020. We take no responsibility for inaccuracies that may appear in transcripts of this call by third parties. Our remarks and the Q&A that follows are copyrighted today by Burlington Stores. Remarks made on this call concerning future expectations events, strategies, objectives, trends or projected financial results are subject to certain risks and uncertainties. Actual results may differ materially from those that are projected in such forward-looking statements. Such risks and uncertainties include those that are described in the company's 10-K for fiscal 2019 and in other filings with the SEC, all of which are expressly incorporated herein by reference. Please note that the financial results and expectations we discuss today, are on a continuing operations basis. Reconciliations of the non-GAAP measures we discuss today to GAAP measures, are included in today's press release.

Now here's Michael.

Michael O'Sullivan

Thank you, David. Good morning everyone and thank you for joining us on this morning second quarter earnings call. I hope that you are all keeping safe and well in these very challenging and difficult times. We are glad that you could join us.

Before we discuss our business results and outlook, I would like to take a moment to talk about racial justice, the cruel killing the George Floyd in May of this year triggered widespread protests and a long overdue reflection and discussion on racial inequality. At Burlington, we are fortunate to have a diverse community of associates and customers. We are very proud and appreciative of this diversity. We have used the time over the last couple of months to challenge ourselves on what additional things we can be doing, to further promote equity, inclusion and diversity within Burlington, and in the communities in which we operate.

With input and ideas from associates around the company, we have put together a program that includes some short-term actions, but more importantly, includes processes, and resources that will support other longer-term initiatives. We do not have all of the answers, but we are committed to confronting the difficult questions. My reason for raising this topic in