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Cherokee's (CHKE) CEO Henry Stupp on Q1 2018 Results - Earnings Call Transcript

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Cherokee Inc. (CHKE) Q1 2018 Earnings Conference Call July 6, 2017 4:30 PM ET


Laura Bainbridge - IR, ADDO Communications

Henry Stupp - CEO

Jason Boling - CFO


Eric Beder - FBR

Dave King - ROTH Capital Partners


Greetings, and welcome to the Cherokee First Quarter 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. And interactive question-and-answer sessions will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Ms. Laura Bainbridge. Thank you. You may begin.

Laura Bainbridge

Thank you. Speaking today will be the company's Chief Executive Officer, Henry Stupp; and Chief Financial Officer, Jason Boling. You can also find accompanying slides for today's call on Cherokee's Investor Relations Web site.

Before I hand the call over to management, please note that on this call certain information presented contains forward-looking statements. Forward-looking statements are neither a prediction nor a guarantee of future events or circumstances, and are based on currently available market, operating, financial, and competitive information and assumptions.

Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expected or projected including, among others, risks that the financial results to be reported in the Form 10-Q will differ materially from those disclosed on this call. Cerberus will terminate its obligations under the credit facility, accelerate the payment on any unpaid balance of the credit facility, and exercise any other rights it may have including foreclosing on the Company's assets disclosed as collateral to the loan, but the Company's quarterly report on Form 10-Q will not be filed as anticipated, and that further delays in such filing could cause the Company's lenders to exercise the rights under the credit agreement or the Company's stock

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