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The Michaels Companies, Inc. (MIK) CEO Ashley Buchanan on Q1 2020 Results - Earnings Call Transcript

Jun. 04, 2020 5:21 PM ETThe Michaels Companies, Inc. (MIK)
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The Michaels Companies, Inc. (NASDAQ:MIK) Q1 2020 Earnings Conference Call June 4, 2020 9:00 AM ET

Company Participants

Jim Mathias - Director, IR

Ashley Buchanan - CEO

Jennifer Robinson - SVP, Finance

Jim Sullivan - SVP and CAO

Conference Call Participants

Steve Forbes - Guggenheim Securities

Christopher Horvers - JPMorgan

Simeon Gutman - Morgan Stanley

Kate McShane - Goldman Sachs

Elizabeth Suzuki - Bank of America

Carla Casella - JPMorgan

Laura Champine - Loop Capital

Cristina Fernández - Telsey Advisory Group

Zachary Fadem - Wells Fargo


Good morning. My name is Elisa, and I will be the conference operator today. At this time, we'd like to welcome everyone to The Michaels Companies' First Quarter 2020 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. [Operator Instructions] Please note this event is being recorded.

Thank you. And now, I'd now like to turn the conference over to your host, Jim Mathias, Director of Investor Relations. Mr. Mathias, you may begin your conference.

Jim Mathias

I'd like to welcome you to our fiscal 2020 first quarter financial results conference call. Presenting on this morning's call is our CEO, Ashley Buchanan. Also on the call and available for the Q&A portion is Jennifer Robinson, our SVP, Finance; and Jim Sullivan, our SVP and Chief Accounting Officer.

Note for today's call, the supplemental slide deck available on our Investor Relations website contains additional financial content to support today's discussion. Before we begin our discussion, let me remind you that the comments made on this call, as well as supplemental information provided on our website may constitute forward-looking statements and are made pursuant to and within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 as amended.

These forward-looking statements involve

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