Victoria's Secret & Co. (NYSE:VSCO) Q2 2022 Earnings Conference Call August 25, 2022 8:00 AM ET

Company Participants

Timothy Johnson - Chief Financial and Administrative Officer

Martin Waters - Chief Executive Officer

Brad Kramer - Executive Vice President, Finance

Kevin Wynk - Vice President, External Financial Reporting and Investor Relations

Conference Call Participants

Lorraine Hutchinson - Bank of America

Ike Boruchow - Wells Fargo

Matthew Boss - JPMorgan

Simeon Siegel - BMO

Dana Telsey - Telsey Group

Alex Straton - Morgan Stanley

Omar Saad - Evercore Partners

Paul Kearney - Barclays

Corey Tarlowe - Jefferies

Jonna Kim - Cowen

Jay Sole - UBS

Marni Shapiro - Retail Tracker

Operator

Good morning. My name is Madison and I will be your conference operator today. At this time, I’d like to welcome everyone to the Victoria’s Secret & Company’s Second Quarter 2022 Earnings Conference Call. Please be advised that today’s conference is being recorded. [Operator Instructions] I would now like to turn the call over to Mr. Timothy Johnson, Chief Financial and Administrative Officer at Victoria’s Secret & Company. T.J., you may begin.

Timothy Johnson

Thanks, Madison and good morning everyone. Welcome to Victoria’s Secret & Co.’s second quarter earnings conference call for the period ended July 30, 2022. As a matter of formality, I would like to remind you that any forward-looking statements we make today are subject to our Safe Harbor statement found in our SEC filings and in our press releases.

Joining me on the call today are CEO, Martin Waters; and EVP of Finance, Brad Kramer. Also with me today is Kevin Wynk, VP of External Financial Reporting and IR. Kevin will be working with me to lead our Investor Relation efforts going forward. We are available today for up to 45 minutes to answer any questions after our prepared remarks.

Certain results we discuss on the call today are adjusted results and exclude the special items described in our press release and our SEC filings. Reconciliation of these and other non-GAAP measures to the most comparable GAAP measures are also included in our press release, our SEC filings and the investor presentation posted on the Investors section of our website.

Thanks. And I will now turn it over to Martin.

Martin Waters

Thanks, T.J. and good morning everyone. Before we dive right into the quarter, as we celebrate our first year as an independent public company, I want to thank all of our associates and partners around the world for their hard work and dedication. After several years of missteps, we collectively undertook and committed to a revolution of our brand and our strategy aspiring to become the Victoria’s Secret our customers deserve, a Victoria’s Secret where everyone feels seen, respected and valued.