2024-01-26 19:01:06 ET
Superdry plc (SEPGF)
Q2 2024 Earnings Conference Call
January 26, 2024, 04:30 AM ET
Company Participants
Julian Dunkerton - CEO
Shaun Wills - CFO
Conference Call Participants
Presentation
Operator
Good morning ladies and gentlemen, welcome to the Superdry plc Interim Results Investor Presentation. Throughout this recorded presentation investors will be in listen-only mode. Questions are encouraged, it can be submitted at any time using the Q&A tab situated on the right hand corner of your screen. Just simply type in your questions at any time and press send.
The company may not be in a position to answer every question, it receives during the meeting itself. However, the company can review your questions submitted today and we'll publish those responses, where it's appropriate to do so. Before we begin, we'd like to submit the following poll and if you give that your kind attention, I'm sure the company would be most grateful. I'd like to hand over to Julian Dunkerton, CEO. Good morning.
Julian Dunkerton
Good morning everyone and welcome to the call. I'm joined today by Shaun Wills, our CFO, to take you through our results for the first half of the 2024 financial year. In a moment, I'll hand over to Shaun who will run through the numbers. I will then give an overview on the strategic progress we have made as part of our turnaround program before we end with some Q&A.
But before we begin, however, I would just like to address what has clearly been a particularly challenging period in recent months, in respect of movements in our share price. The market clearly perceives there to be a high level of liquidity risk within the business and this has had a negative impact on recent share price performance. As the group's largest shareholder, I would like to stress that I understand people's frustration.
But what I'd also like to say, is that we are taking a number of steps to help put this right, and that is precisely what we intend to talk about today. So without further ado, I would like to begin with some of the highlights for the first half.
The first half of the year has been characterized by a challenging consumer retail market. Whilst financial performance has proven softer than anticipated, this has clearly been impacted by a number of external and macro factors as well as some of the strategic decisions taken as part of our turnaround program. Such as the continued clearance of aged stock....
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Superdry plc (SEPGF) Q2 2024 Earnings Call Transcript