Foot Locker Inc. (NYSE:FL) Q1 2022 Results Conference Call May 20, 2022 9:00 AM ET

Company Participants

Robert Higginbotham - VP, IR

Richard Johnson - Chairman, CEO

Andrew Page - EVP, CFO

Franklin Bracken - EVP, COO

Conference Call Participants

Bob Drbul - Guggenheim

Kate McShane - Goldman Sachs

Corey Tarlowe - Jefferies

John Kernan - Cowen

Omar Saad - Evercore ISI

Jay Sole - UBS

Michael Binetti - Credit Suisse

Tom Nikic - Wedbush Securities

Lorraine Hutchinson - Bank of America

Operator

Good morning, everyone, and welcome to Foot Locker's First Quarter 2022 Financial Results Conference Call. [Operator Instructions]

This conference 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 impact of COVID-19, effects of currency fluctuations, customer preferences, economic and market conditions worldwide 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 note today's conference is being recorded.

At this time, I'd like to turn the floor over to Robert Higginbotham, Vice President, Investor Relations. Mr. Higginbotham, you may begin.

Robert Higginbotham

Thank you, operator. Welcome, everyone, to Foot Locker Inc.'s first 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. Please note, we have updated our definition of non-GAAP earnings to exclude all minority investment gains and losses. We can find the appropriate adjustments to our reported 2021 non-GAAP earnings in the footnotes of the release.

Also 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 Dick Johnson, Chairman and Chief Executive Officer; Frank Bracken, Executive Vice President and Chief Operating Officer; will provide more color on our operations and some of our strategic initiatives. Andrew Page, Executive Vice President and Chief Financial Officer, will then review our quarterly results and financial position in more detail and provide color on our updated 2022 guidance. Following our prepared remarks, Dick, Frank and Andrew will respond to your questions.