Caleres, Inc. (NYSE:CAL) Q2 2020 Earnings Conference Call - Final Transcript

Sep 01, 2020 • 04:30 pm ET


Caleres, Inc. (NYSE:CAL) Q2 2020 Earnings Conference Call - Final Transcript


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Good afternoon and welcome to the Caleres Second 2020 Earnings Conference Call. My name is Erika and I will be your conference coordinator. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. As a reminder, this conference is being recorded.

At this time, I would like to turn the call over to Logan Bonacorsi, Vice President of Investor Relations. Please go ahead, miss.

Logan Bonacorsi

Good afternoon. I would like to thank you for joining our second quarter 2020 earnings call and webcast. A press release with detailed financial tables as well as our quarterly slide presentation are available at Please be aware, that today's discussion contains forward-looking statements which are subject to a number of risks and uncertainties. Actual results may differ materially due to various risk factors, including but not limited to the factors disclosed in the company's Form 10-K and other filings with the US Securities and Exchange Commission.

Please refer to today's press release and our SEC filings for more information on risk factors and other factors which could impact forward-looking statements. Copies of these reports are available online. The company undertakes no obligation to update any information discussed in this call at any time.

Joining me on the call today is Diane Sullivan, CEO, President, Chairman; and Ken Hannah, Senior Vice President and CFO. We will begin the call with brief prepared remarks and thereafter we will be happy to take your questions. I would now like to turn the call over to Diane Sullivan. Diane?

Diane Sullivan

Hey, thanks Logan, and good afternoon everybody. Thank you for joining our second quarter earnings call and for your ongoing support of our company. We hope that you and your families are staying healthy and safe. As I did last quarter, I'd like to extend my thanks and my gratitude to the Caleres team for the resilience and ongoing dedication. As we continue to navigate this rapidly evolving environment. We once again demonstrated our ability to collaborate effectively, work efficiently, and respond quickly to ever changing market conditions. As we have stressed in the past, the health and the well-being of our associates, our consumers, and our communities has been a guiding principle in our decision making over the last several months. And this will continue to take priority through the duration of this global health crisis.

Before I jump into our results, I'd like to take a step back and remind you why Claeres as a whole is positioned to be successful now and over the long-term. First of all, our brands relate well to the consumers ever evolving mindset, changing preferences, and dynamic behaviors. Casual, athletic, and sport inspired styles, currently in demand by consumers make up a large and growing part of our portfolio. For the trailing 12 months, approximately 85% of our total product mix reside in these categories. Also our previous investments in our capabilities and e-commerce business has positioned us exceptionally well