Capri Holdings Limited (NYSE:CPRI) Q4 2022 Earnings Conference Call June 1, 2022 8:30 AM ET

Company Participants

Jennifer Davis - Vice President, Investor Relations

John Idol - Chairman and Chief Executive Officer

Tom Edwards - Chief Financial and Chief Operating Officer

Conference Call Participants

Ike Boruchow - Wells Fargo

Omar Saad - Evercore ISI

Kimberly Greenberger - Morgan Stanley

Matthew Boss - JPMorgan

Brooke Roach - Goldman Sachs

Simeon Siegel - BMO Capital Markets

Jay Sole - UBS

Adrienne Yih - Barclays

Operator

Greetings and welcome to the Capri Holdings Limited Fourth Quarter Fiscal 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Jennifer Davis, Vice President, Investor Relations for Capri Holdings Limited. Thank you. You may begin.

Jennifer Davis

Good morning, everyone and thank you for joining us on Capri Holdings Limited’s fourth quarter fiscal 2022 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.

In addition, certain financial information discussed today will be presented on a non-GAAP basis. These non-GAAP measures exclude certain cost associated with COVID-19 related charges, the war in Ukraine, charitable donations, ERP implementation cost to pre-transformation costs, impairment charges, restructuring and other charges. Unless otherwise noted, all financial information on today’s call will be presented on a non-GAAP basis. To view the corresponding GAAP measures and related reconciliations, 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. Good morning, everyone. Looking back on fiscal 2022, I am proud of the progress we made across all our luxury houses. Our three powerful brands: Versace, Jimmy Choo and Michael Kors, continue to resonate with consumers, as evidenced by the 11.5 million new consumers added across our databases over the last year.