Abercrombie & Fitch Co. (NYSE:ANF) Q1 2022 Earnings Conference Call May 24, 2022 8:30 AM ET

Company Participants

Pam Quintiliano - Vice President, Investor Relations

Fran Horowitz - Chief Executive Officer

Scott Lipesky - Chief Financial Officer

Conference Call Participants

Dana Telsey - Telsey Group

Corey Tarlowe - Jefferies

Paul Hughes - Citi

Janet Kloppenburg - JJK Research

Mauricio Serna - UBS

Kimberly Greenberger - Morgan Stanley

Marni Shapiro - The Retail Tracker

Operator

Good day and welcome to the Abercrombie & Fitch First Quarter Fiscal Year 2022 Earnings Call. Today's conference is being recorded. [Operator Instructions] We will open the call up to take your questions at the end of the presentation. We ask that you limit yourself to one question during the question-and-answer session. At this time, I would like to turn the conference over to Pam Quintiliano. Please go ahead, ma’am.

Pam Quintiliano

Thank you. Good morning and welcome to our first quarter 2022 earnings call. Joining me today on the call are Fran Horowitz, Chief Executive Officer; and Scott Lipesky, Chief Financial Officer. Earlier this morning, we issued our first quarter earnings release, which is available on our website at corporate.abercrombie.com under the Investors section. Also available on our website is an investor presentation.

Please keep in mind that any forward-looking statements made on the call are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions we mentioned today. A detailed discussion of these factors and uncertainties is contained in the company's filings with the Securities and Exchange Commission.

In addition, we will be referring to certain non-GAAP financial measures during the call. Additional details and a reconciliation of GAAP to adjusted non-GAAP financial measures are included in the release issued earlier this morning.

With that, I will turn the call over to Fran.

Fran Horowitz

Good morning. Thank you for joining us today to discuss our first quarter results. This earnings we are going to approach things a little different. Since 2018, we have dedicated a portion of our call to talking about the progress made in our key transformation initiative, which were anchored to our goal of doubling our operating margin from 2017 levels.

Last year, we not only achieved that goal, but we significantly surpassed it, more than tripling our operating margin. At our upcoming June 14th Investor Day, we will discuss the next phase of our corporate journey and how we will execute our always forward plan. From there, we will update you regularly on our progress.