Capri Holdings Ltd (NYSE:CPRI) Q1 2023 Earnings Conference Call August 9, 2022 8:30 AM ET

Company Participants

Jennifer Davis - VP, IR

John Idol - Chairman & CEO

Thomas Edwards - EVP, CFO & COO

Conference Call Participants

Brooke Roach - Goldman Sachs Group

Omar Saad - Evercore ISI

Matthew Boss - JPMorgan Chase & Co.

Irwin Boruchow - Wells Fargo Securities

Kimberly Greenberger - Morgan Stanley

Operator

Greetings, and welcome to Capri Holdings Limited First Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded.

I'd now like to turn the conference over to your host, Jennifer Davis, Vice President of Investor Relations. Please proceed.

Jennifer Davis

Good morning, everyone, and thank you for joining us on Capri Holdings Limited First Quarter Fiscal '23 Conference Call. With me this morning are Chairman and Chief Executive Officer, John Idol; and Chief Financial and Chief Operating Officer, Tom Edwards.

Before we begin, let me remind you that certain statements made on today's call may constitute forward-looking statements, which are subject to risks and uncertainties that could cause actual results to differ from those we expect. Those risks and uncertainties are described in today's press release and in the company's SEC filings, which are available on the company's website. Investors should not assume that the statements made during this call will remain operative at a later time, and the company undertakes no obligation to update any information discussed on the call.

Unless otherwise noted, all financial information on today's call will be presented on a non-GAAP basis. These non-GAAP measures exclude certain costs associated with COVID-19-related charges, ERP implementation costs, Capri transformation costs, restructuring and other charges. To view the corresponding GAAP measures and related reconciliation, please view the earnings release posted to our website earlier today at capriholdings.com.

Now I would like to turn the call over to Mr. John Idol, Chairman and Chief Executive Officer.

John Idol

Thank you, Jennifer, and good morning, everyone. We are pleased that the year is off to a better-than-anticipated start, driven by strength across all 3 of our luxury houses. Our powerful brands continue to resonate with consumers, as evidenced by the 12 million new names added across our databases over the last year. Additionally, consumers are responding to the innovative and exciting fashion luxury products, led by the design visions of Donatella Versace, Sandra Choi and Michael Kors.