Foot Locker Inc. (NYSE:FL) Q2 2023 Earnings Conference Call August 23, 2023 10:00 AM ET

Company Participants

Robert Higginbotham - SVP, FP&A, IR, and Treasurer

Mary Dillon - President, CEO

Franklin Bracken - EVP, CCO

Michael Baughn - EVP, CFO

Conference Call Participants

Robert Drbul - Guggenheim

Warren Cheng - Evercore ISI

Brooke Roach - Goldman Sachs

Alexandra Straton - Morgan Stanley

Jonathan Komp - Baird

Lorraine Hutchinson - Bank of America

Janine Stichter - BTIG

Joseph Feldman - Telsey Advisory Group

Adrienne Yih - Barclays

Paul Lejuez - Citi.

Operator

Good morning, and welcome to Foot Locker's Second Quarter 2023 Financial Results Conference Call. [Operator Instructions].

This conference call may contain forward-looking statements that reflect management's current views of future events and financial performance. Management undertakes no obligation to update these forward-looking statements, which are based on many assumptions and factors, including the effects of global economic and market conditions, currency fluctuations, customer preferences and other risks and uncertainties described more fully in the Company's press releases and reports filed with the SEC, including the most recently filed Form 10-K or Form 10-Q.

Any changes in such assumptions or factors could produce significantly different results, and actual results may differ materially from those contained in the forward-looking statements. Please also note that this conference call is being recorded.

I will now turn the call over to Robert Higginbotham. Mr. Higginbotham, you may begin.

Robert Higginbotham

Thank you, operator. Welcome, everyone, to Foot Locker Inc.'s second quarter earnings call. Today's call will reference certain non-GAAP measures. A reconciliation of GAAP to non-GAAP results is included in this morning's earnings release. Note, we have a slide presentation posted on our Investor Relations website with information that will be referenced during the call.

Today, we'll begin our prepared remarks with Mary Dillon, President and Chief Executive Officer; Frank Bracken, Executive Vice President and Chief Commercial Officer, will then give more detail on our operating results across our banners and geographies. Then Mike Baughn, Executive Vice President and Chief Financial Officer, will review our quarterly results and financial position in more detail and provide color on our updated 2023 guidance. Following our prepared remarks, Mary, Frank and Mike will respond to your questions.

With that, I'll now turn it over to Mary.

Mary Dillon

Thank you, Rob, and good morning, everyone. Thank you for joining us. We have a number of topics we'd like to discuss this morning, including our second quarter results, updated outlook for the year, capital allocation, additions to our team, changes in our organizational structure and the ongoing execution of our Lace Up plan.