Genesco Inc. (NYSE:GCO) Q1 2023 Earnings Conference Call May 26, 2022 8:30 AM ET
Company Participants
Darryl MacQuarrie - Senior Director of FP&A and Investor Relations
Mimi Vaughn - Board Chair, President and Chief Executive Officer
Tom George - Senior Vice President, Finance, Chief Financial Officer
Conference Call Participants
Steve Marotta - C.L. King & Associates
Mitch Kummetz - Seaport Research
Operator
Good day, everyone. And welcome to the Genesco First Quarter Fiscal 2023 Conference Call. Just a reminder, today's call is being recorded. I will now like to turn the call over to Darryl MacQuarrie, Senior Director of FP&A. Please go ahead, sir.
Darryl MacQuarrie
Good morning, everyone. And thank you for joining us to discuss our first quarter fiscal 2023 results. Participants on the call expect to make forward-looking statements. These statements reflect the participants' expectations as of today, but actual results could be different. Genesco refers you to this morning's earnings release and the company's SEC filings, including the most recent 10-K and 10-Q filings for some of the factors, including the impact of COVID-19, supply chain issue and the current economic environment that could cause differences from the expectations reflected in the forward-looking statements made during the call today.
Participants also expect to refer to certain adjusted financial measures during the call. All non-GAAP financial measures referred to in the prepared remarks are reconciled to their GAAP counterparts and the attachments to this morning's press release and in schedules available on the company's home page, under Investor Relations in the quarterly earnings section. I want to remind everyone that we have posted a presentation summarizing our results that is accessible on our website. With me on the call today is Mimi Vaughn, Board Chair, President, and Chief Executive Officer, who will begin our prepared remarks with an overview of the period and the progress we are making on our strategic initiatives to drive the business this fiscal year. And Tom George, Chief Financial Officer, who will review the quarterly financials in more detail, and provide guidance for fiscal ’23.
Now I'd like to turn the call over to Mimi.
Mimi Vaughn
Thanks, Darryl. Good morning, everyone. And thank you for joining us today. Following record results in fiscal ’22, the new year is off to a very good start. While the year ago period post a difficult comparison due to government stimulus fueled consumer spending. We are very pleased with our recent performance and the long-term trajectory of our business as we navigate some near term turbulence and move past the COVID era fiscal tailwind. We continue to experience healthy demand for our merchandise offerings, which reflects our leadership positions in the teen and young adult footwear space, and other segments of the consumer market we serve. The strong connections we have forged with our customers and our ability to successfully evolve with the ever changing fashion desires of our consumers.