Express, Inc. (NYSE:EXPR) Q2 2022 Earnings Conference Call August 31, 2022 9:00 AM ET

Company Participants

Greg Johnson - Vice President, Investor Relations

Tim Baxter - Chief Executive Officer

Matt Moellering - President and Chief Operating Officer

Jason Judd - Chief Financial Officer

Conference Call Participants

Eric Beder - SCC Research

Marni Shapiro - Retail Tracker

Operator

Good morning. My name is Chris, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Express Second Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the call over to Greg Johnson, Vice President of Investor Relations. Please go ahead.

Greg Johnson

Thank you, Chris. Good morning, and welcome to our call. I'd like to open by reminding you of the company's Safe Harbor provisions. Any statements made during this conference call, except those containing historical facts may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual future results may differ materially from those suggested in forward-looking statements due to a number of risks and uncertainties, all of which are described in the company's filings with the SEC, including today's press release. Express assumes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Our comments today will supplement the detailed information provided in both the press release and the investor presentation available on our Investor Relations Web site. In addition, you can locate a reconciliation of any adjusted results discussed in our comments to amounts reported under GAAP on our Web site or in our earnings release. We will also be providing financial comparisons to prior fiscal periods, and our prepared remarks today refer to 2021, unless otherwise noted.

With me today are Tim Baxter, Chief Executive Officer; Matt Moellering, President and Chief Operating Officer; and Jason Judd, Chief Financial Officer.

I will now turn the call over to Tim.

Tim Baxter

Thank you, Greg, and good morning, everyone. In Q2, we delivered our fifth consecutive quarter of positive comparable sales compared to pre-pandemic levels, and generated positive operating income and operating cash flow. We drove comparable sales of plus 1% compared to 2021 and plus 4% versus 2019.