Call Start: 08:30 January 1, 0000 9:04 AM ET
Designer Brands Inc. (NYSE:DBI)
Q4 2022 Earnings Conference Call
March 16, 2023 08:30 ET
Company Participants
Jesse Miller - Investor Relations
Roger Rawlins - Chief Executive Officer
Doug Howe - President of DSW
Jared Poff - Executive Vice President & Chief Financial Officer
Conference Call Participants
Operator
Good day and welcome to the Designer Brands Inc. Fourth Quarter 2022 Earnings Call. [Operator Instructions] This event is being recorded.
I would now like to turn the conference over to Jesse Miller, Head of Investor Relations. Please go ahead.
Jesse Miller
Good morning. Earlier today, the company issued a press release comparing results of operations for the 13-week and 52-week periods ended January 28, 2023, to the 13-week and 52-week periods ended January 29, 2022.
Please note, that the financial results that we will reference during the remainder of today's call excludes certain adjustments recorded under GAAP unless specified otherwise. For a complete reconciliation of GAAP to adjusted earnings, please reference our press release. Additionally, please note that remarks made about the future expectations, plans and prospects of the company constitute forward-looking statements. Results may differ materially due to various factors listed in today's press release and the company's public filings with the SEC. The company assumes no obligation to update any forward-looking statements.
Joining us today are Roger Rawlins, Chief Executive Officer; Jared Poff, Chief Financial Officer; and Doug Howe, incoming CEO of DBI and President of DSW.
Now, let me turn over the call to Roger.
Roger Rawlins
Thanks, Jesse. Thank you, everyone, for joining us this morning, especially our associates who I know are listening in today. I'm proud of the results we posted this year, delivering an adjusted EPS at the top of our original annual guidance. allergen that has proven to be a very challenging environment.
Before turning it over to Doug and Garrett, I wanted to share a few thoughts on the progress we have made over the past 7 years as we have evolved from DSW, a domestic retailer selling other people's brands to the multinational brand building enterprise that is now Designer Brands. In 2016, we shared our belief that the days of being a retailer of others brands were in jeopardy. We described it as a piece of ice sitting out in 35 degree weather. Some retailers were glaciers that would take years to melt away, but others were going to disappear quickly as we predicted that brands would aggressively take their products direct to consumer through the websites they operate in the stores they were opening, competing directly with the retailers that spent years and billions of dollars supporting them and growing their brands.