Victoria's Secret & Co. (NYSE:VSCO) Q1 2023 Earnings Conference Call June 1, 2023 8:00 AM ET

Company Participants

Kevin Wynk - IR

Martin Waters - CEO

Timothy Johnson - CFO

Conference Call Participants

Simeon Siegel - BMO Capital Markets

Alex Straton - Morgan Stanley

Matthew Boss - JPMorgan

Lorraine Hutchinson - Bank of America

Irwin Boruchow - Wells Fargo

Mauricio Serna - UBS

Adrienne Yih - Barclays

Jonna Kim - TD Cowen

Marni Shapiro - Retail Tracker

Operator

Good morning. My name is Sue, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Victoria's Secret & Co. First Quarter 2023 Earnings Conference Call. Please be advised that today's conference is being recorded. All parties will remain in a listen-only mode, until the question-and-answer session of today's call.

I would now like to turn the call over to Mr. Kevin Wynk, Vice President of External Financial Reporting and Investor Relations at Victoria's Secret & Co. Kevin, you may begin.

Kevin Wynk

Thank you, Sue. Good morning, and welcome to Victoria's Secret & Co.'s first quarter earnings conference call for the period ending April 29, 2023. As a matter of formality, I would like to remind you that any forward-looking statements we may make today are subject to our Safe Harbor statements found in our SEC filings and in our press releases.

Joining me on the call today is CEO, Martin Waters; and CFO, Tim Johnson. We are available today for up to 45 minutes to answer any questions. Certain results we discuss on the call today are adjusted results and exclude the impact of certain items described in our press release and our SEC filings.

Reconciliations of these and other non-GAAP measures to the most comparable GAAP measures are included in our press release, our SEC filings and the investor presentation posted on the Investors section of our website.

Thanks. And now, I'll turn the call over to Martin.

Martin Waters

Thanks, Kevin, and good morning, everyone. As we've shared consistently inside and outside of the business, we're laser focused on the three pillars of our long-term strategy. Number one, to strengthen the core; number two, to ignite growth; and number three, to transform the foundation of our company. And we have defined and are delivering initiatives in each pillar that we believe will steadily provide profitable growth into the future.

And before we dive right into the quarter, I want to share my appreciation for the hard work and dedication of our associates and partners around the world. I'm especially thankful for the team's continued commitment and for all they're doing as we push forward with our strategy. We entered the year clear about the pressure customers across the world are feeling and prepared for the challenging macro environment.