Signet Jewelers Limited (NYSE:SIG) Q1 2023 Results Earnings Conference Call June 9, 2022 8:30 AM ET

Company Participants

Vincent Sinisi - Senior Vice President, Investor Relations

Virginia Drosos - Chief Executive Officer

Joan Hilson - Chief Financial and Strategy Officer

Conference Call Participants

Ike Boruchow - Wells Fargo Securities

Paul Lejuez - Citigroup

Lorraine Hutchinson - Bank of America Merrill Lynch

Mauricio Serna - UBS

Dana Telsey - Telsey Advisory Group

Jim Sanderson - Northcoast research

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Signet Jewelers First Quarter Fiscal 2023 Earnings Call. My name is Irene and I will be coordinating this event.

I would like to turn the conference over to our host, Vinny Sinisi, Senior Vice President of Investor Relations. Vinnie, please go ahead.

Vincent Sinisi

Good morning. And welcome to our first quarter conference call. On the call today are Signet's CEO, Gina Drosos, and Chief Financial and Strategy Officer, Joan Hilson.

During today's presentation, we'll make certain forward-looking statements. Any statements that are not historical facts are subject to a number of risks and uncertainties and actual results may differ materially. We urge you to read the risk factors, cautionary language, and other disclosure in our annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. Except as required by law, we undertake no obligation to revise or publicly update forward-looking statements in light of new information or future events.

During the call, we will discuss certain non-GAAP financial measures. For further discussion of the non-GAAP measures as well as reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures, investors should review the news release we posted on our website at www.signetjewelers.com/investors.

And with that, I'll turn the call over to Gina.

Virginia Drosos

Thank you, Vinnie. And thanks to all of you on the call with us today. Before I discuss our first quarter results, I'd like to take a moment to thank our Signet team. Our team continues to strengthen their capabilities in every part of our business and to execute with brilliance quarter after quarter. They are Signet’s greatest competitive advantage and a never ending source of inspiration for me.

There are three key messages that we want to focus on today. First, using our scale, we have structurally improved our margin profile, and are confident that we can deliver annual double-digit operating margin year after year.