Genesco Inc. (NYSE:GCO) Q3 2021 Earnings Conference Call - Final Transcript

Dec 04, 2020 • 08:30 am ET


Genesco Inc. (NYSE:GCO) Q3 2021 Earnings Conference Call - Final Transcript


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Good day, everyone and welcome to the Genesco Third Quarter Fiscal 2021 Conference Call. [Operator Instructions]

I will now turn the call over to Dave Slater, Vice President of FP&A and Investor Relations. Please go ahead, sir.

Dave Slater

Good morning, everyone and thank you for joining us to discuss our third quarter fiscal 2021 results. With me on the call today is Mimi Vaughn, our Board Chair, President and Chief Executive Officer. Participants on the call expect to make forward-looking statements. These statements reflect the participants' expectations as of today, but actual results could be different. Genesco refers you to this morning's earnings release and the Company's SEC filings including the most recent 10-K and 10-Q filings for some of the factors, including the impact of COVID-19 that could cause differences from the expectations reflected in the forward-looking statements made during the call today. Participants also expect to refer to certain adjusted financial measures during the call. All non-GAAP financial measures referred to in the prepared remarks are reconciled to their GAAP counterparts in the attachment to this morning's press release and in the schedule available on the Company's homepage under Investor Relations and the quarterly earnings section.

I want to remind everyone we have posted a presentation summarizing our results that is successful on our website. We hope you're all staying safe and healthy.

Now I'd like to turn it over to Mimi to discuss the quarter and the current outlook for the holiday season.

Mimi E. Vaughn

Thank you, Dave. Good morning, everyone. Thanks for joining us today. As we announced earlier this week, we are pleased to report that Tom George has been appointed Interim Chief Financial Officer of Genesco replacing Mel Tucker who stepped down last month. Tom has almost 30 years of CFO experience and deep roots in brands and retail, most recently in footwear at Deckers Brands. We look forward to adding Tom's valuable expertise to support the continued growth of our business and very much look forward to Tom joining our leadership team. Tom's appointment is effective December 14 and in the interim I have assumed the responsibilities of Chief Financial Officer working closely with Dave, Brent Baxter, our Chief Accounting Officer and Matt Johnson, our Treasurer, who together have formed the office of the CFO. These leaders and the rest of our talented finance team are ensuring that the transition will be seamless.

Dave will return later in the call to review the financials. I'm incredibly pleased with how well our organization perform during the third quarter as we navigated through a back-to-school season like none other. It's a privilege to lead a team that is facing the challenges brought by COVID-19 head on serving our consumers extremely well through digital and omnichannel making progress on our strategic initiatives and quickly returning the Company to profitability. Through all this, we continue to operate with protocols to ensure our highest priority. The health and safety of our people and customers. As you'll hear today, Journeys and Schuh are