Tapestry, Inc. (TPR) CEO Joanne Crevoiserat on Q3 2022 Results - Earnings Call Transcript

Tapestry, Inc. (NYSE:TPR) Q3 2022 Earnings Conference Call May 12, 2022 8:00 AM ET

Company Participants

Christina Colone - Head of IR

Joanne Crevoiserat - CEO

Scott Roe - CFO

Todd Kahn - Co-CEO

Conference Call Participants

Bob Drbul - Guggenheim

Ike Boruchow - Wells Fargo

Oliver Chen - Cowen

Mark Altschwager - Baird

Michael Binetti - Credit Suisse

Brook Roche - Goldman Sachs

Omar Saad - Evercore

Adrienne Yih - Barclays

Operator

Good day, and welcome to this Tapestry Conference Call. Today's call is being recorded. At this time, all participants are in a listen-only mode. Later, you will have an opportunity to ask questions during the question and answer session. [Operator Instructions]

At this time, for opening remarks and introductions, I would like to turn the call over to the Global Head of Investor Relations, Christina Colone.

Christina Colone

Good morning. Thank you for joining us. With me today to discuss our third quarter results as well as our strategies and outlook are Joanne Crevoiserat, Tapestry's Chief Executive Officer; and Scott Roe, Tapestry's Chief Financial Officer and Head of Strategy.

Before we begin, we must point out that this conference call will involve certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. This includes projections for our business in the current or future quarters or fiscal years. Forward-looking statements are not guarantees, and our actual results may differ materially from those expressed or implied in the forward-looking statements. Please refer to our annual report on Form 10-K, the press release we issued this morning and our other filings with the Securities and Exchange Commission for a complete list of risks and other important factors that could impact our future results and performance.

Non-GAAP financial measures are included in our comments today and in our presentation slides. For a full reconciliation to corresponding GAAP financial information, please visit our website, www.tapestry.com/investors, and then view the earnings release and the presentation slides posted today.

Now let me outline the speakers and topics for this conference call. Joanne will begin with third quarter highlights for Tapestry and our brands. Scott will continue with our financial results, capital allocation priorities and outlook going forward. Following that, we will hold a question-and-answer session where we will be joined by Todd Kahn, CEO and Brand President of Coach. After Q&A, Joanne will conclude with brief closing remarks.