Lands' End, Inc. (NASDAQ:LE) Q2 2022 Earnings Conference Call September 1, 2022 8:30 AM ET

Company Participants

Bernie McCracken - Chief Accounting Officer

Jerome Griffith - Chief Executive Officer

Jim Gooch - President and Chief Financial Officer

Conference Call Participants

Dana Telsey - Telsey Advisory Group

Alex Fuhrman - Craig-Hallum

Operator

Good day and welcome to the Lands’ End 2Q ‘22 Earnings Call. [Operator Instructions] As a reminder, this call is being recorded. I would now like to turn the call over to Bernie McCracken, CAO. You may begin.

Bernie McCracken

Good morning and thank you for joining the Lands’ End earnings call for a discussion of our second quarter fiscal 2022 results, which we released this morning and can be found on our website, landsend.com. On the call today, you will hear from Jerome Griffith, our Chief Executive Officer and Jim Gooch, our President and Chief Financial Officer. After the company’s prepared remarks, we will conduct a question-and-answer session.

Please also note that the information we are about to discuss includes forward-looking statements. Such statements involve risks and uncertainties. The company’s actual results could differ materially from those discussed on this call. Factors that could contribute to such differences include, but are not limited to those items noted and included in the company’s SEC filings including our annual report on Form 10-K and quarterly reports on Form 10-Q. The forward-looking information that is provided by the company on this call represents the company’s outlook as of today and we do not undertake any obligation to update forward-looking statements made by us. Subsequent events and developments may cause the company’s outlook to change.

During this call, we will be referring to non-GAAP measures. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures can be found in our earnings release issued earlier today. A copy of which is posted in the Investor Relations section of our website at landsend.com.

With that, I will turn the call over to Jerome Griffith.

Jerome Griffith

Thank you, Bernie. Good morning and thank you for joining us today for a discussion of our second quarter results. We are pleased to have exceeded our revenue and adjusted EBITDA expectations in the second quarter, given the increasingly challenging environment, including multi-decade high inflation, shifting customer spending behaviors and ongoing supply chain cost pressures. Our better-than-expected performance further demonstrates the agility and strength of our digitally driven business model. While the supply chain remains challenged with elevated costs and extended lead times, we are seeing a degree of stabilization. We continue to manage these challenges while simultaneously executing on our growth strategies.