Kohl’s Corporation (NYSE:KSS) Q1 2022 Earnings Conference Call May 19, 2022 9:00 AM ET

Company Participants

Mark Rupe - Vice President, Investor Relations

Michelle Gass - Chief Executive Officer

Jill Timm - Chief Financial Officer

Conference Call Participants

Bob Drbul - Guggenheim

Oliver Chen - Cowen

Mark Altschwager - Baird

Chuck Grom - Gordon Haskett

Tracy Kogan - Citigroup

Omar Saad - Evercore

Michael Binetti - Credit Suisse

Operator

Thank you all for standing by and welcome to the Kohl’s Corporation’s Q1 2022 Earnings Conference Call. [Operator Instructions] I will now turn the call over to your host, Mark Rupe, Vice President of Investor Relations. Sir, you may now begin.

Mark Rupe

Thank you. Certain statements made on this call, including projected financial results and the company’s future initiatives, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Kohl’s intends forward-looking terminology, such as believes, expects, may, will, should, anticipates, plans or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause Kohl’s actual results to differ materially from those projected in such forward-looking statements. Such risks and uncertainties include, but are not limited to, those that are described in Item 1A in Kohl’s most recent annual report on Form 10-K and as maybe supplemented from time-to-time in Kohl’s other filings with the SEC, all of which are expressly incorporated herein by reference. Forward-looking statements relate to the date initially made and Kohl’s undertakes no obligation to update them.

In addition, during this call, we will make reference to non-GAAP financial measures. Information necessary to reconcile these non-GAAP financial measures can be found in the investor presentation filed as an exhibit to our Form 8-K filed with the SEC and is available on the company’s Investor Relations website. Please note that this call will be recorded. However, replays of this call will not be updated. So if you are listening to a replay of this call, it is possible that the information discussed is no longer current and Kohl’s undertakes no obligation to update such information.

With me today are Michelle Gass, our Chief Executive Officer and Jill Timm, our Chief Financial Officer. I will now turn the call over to Michelle.

Michelle Gass

Thank you, Mark. Good morning and welcome to Kohl’s first quarter earnings conference call. Before we share details on Q1 results and long-term strategy, I want to acknowledge the much broader context of this past quarter. Over the past 3 months, Kohl’s has been at the center of an unusual amount of attention and speculation. At our annual meeting last week, we were very pleased that our shareholders voted to retain all 13 of our directors. This Board is committed to overseeing the successful transformation of the company and fulfilling its fiduciary responsibility to maximize shareholder value.