2024-03-15 14:52:08 ET
Lojas Renner S.A. (LRENY)
Q4 2023 Earnings Conference Call
March 15, 2024 08:00 AM ET
Company Participants
Carla Sffair - IR
Fabio Faccio - CEO
Daniel dos Santos - CFO
Paula Mazanek - Head of Realize
Conference Call Participants
Thiago Macruz - Itau BBA
Joseph Giordano - JPMorgan
Ruben Couto - Santander
Vinicius Strano - UBS
Irma Sgarz - Goldman Sachs
Robert Ford - Bank of America
Presentation
Carla Sffair
Good morning, everyone. Now we'll begin the Lojas Renner SA video conference. I have Fabio Faccio, CEO; Daniel Santos, CFO; and Paula Mazanek, Head of Realize.
Before I hand over to them, I have some practical announcements. This is being recorded and simultaneously translated. It's being broadcast in Portuguese, but you can click on the link for the English version on our IR website. Any questions from journalists should be sent to press relations.
And before we begin, I'd like to mention that any statements regarding the outlook and operational and financial targets are based on assumptions that are currently available and that are not a guarantee of performance as they depend on circumstances that may or may not occur. During the Q&A session, your question may be asked via audio. So you can raise your hand or click on the Q&A icon.
With this, now I'd like to hand over to Fabio.
Fabio Faccio
Good morning, everyone. Thank you for being a part of our conference call for 4Q 2023. I'd like to start off by introducing Paula. She usually wasn't with us before. She's the Head of Realize, and she joined our team in August of last year. I believe that Paula's experience has been very important in the Realize recovery. So you will have an opportunity to speak to her during the Q&A session.
And a few words about Paula, for those who've joined us in the beginning, we have some films from our new collection. The new collection is already in stores and selling in addition to the Head of Realize. I found out that she is a model. Wow. So everybody is wearing Renner. She's wearing a trench coat from the new collection selling a lot. So that's a great moment in this new collection showing that it has a good sales potential.
I'd also like to mention before we begin a very special topic about our shareholders' meeting, we've made the material available yesterday together with the press release for this call. Now that we're getting close to the end of Carlos term after presiding our Board for five years. He decided to end that important cycle, 32 years of the company, 27 as an executive, five as the Chair of the Board, and he decided to leave after April 18, 2024, which is the date of the General Shareholders' Meeting. He's still the Chair but he decided not to continue....
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Lojas Renner S.A. (LRENY) Q4 2023 Earnings Call Transcript