TAL Education Group (TAL) Q2 2023 Earnings Call Transcript

TAL Education Group (NYSE:TAL) Q2 2023 Earnings Conference Call October 28, 2022 8:00 AM ET

Company Participants

Jackson Ding - Investor Relations Director

Alex Peng - President and Chief Financial Officer

Conference Call Participants

Mark Li - Citi

Candis Chan - Daiwa

Crystal Li - China Merchants

Felix Liu - UBS

Operator

Good day and thank you for standing by. Welcome to TAL Education Group Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a Q&A session. Please be informed that today's conference is being recorded.

I would now like to hand the conference over to Mr. Jackson Ding, Investor Relations Director. Thank you. Please go ahead, sir.

Jackson Ding

Thank you, operator. Ladies and gentlemen, thank you all for joining us today for TAL Education Group's first [sic] [second] quarter fiscal-year 2023 earnings conference call. The earnings release was distributed earlier today. You may find a copy on the company’s IR website or through the newswires. During this call, you will hear from Mr. Alex Peng, President and Chief Financial Officer of TAL; and myself, Investor Relations Director. Following the prepared remarks, Alex and I will be available to answer your questions.

Before we continue, please note that today’s discussions will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include, but are not limited to, those outlined in public filings with the SEC.

For more information about these risks and uncertainties, please refer to our filings with the SEC. Also, our earnings release and this call include discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of the non-GAAP measures to the most directly comparable GAAP measures.

I would like to now turn the call over to Mr. Alex Peng. Alex, please?

Alex Peng

Thanks Jackson, and thank you all for joining us on today's call. I would like to again take this opportunity to express my gratitude for your continued attention to and support for TAL’s transformation journey. This quarter, we continue to execute our development strategy as we proceed our new journey and have made meaningful progress.