Kaspien Holdings Inc. (KSPN) CEO Kunal Chopra on Q3 2021 Results - Earnings Call Transcript

Dec. 09, 2021 7:59 PM ETKaspien Holdings Inc. (KSPN)
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Kaspien Holdings Inc. (NASDAQ:KSPN) Q3 2021 Earnings Conference Call December 9, 2021 4:30 PM ET

Company Participants

Kunal Chopra – CEO

Ed Sapienza – CFO

Conference Call Participants

Rommel Dionisio – Aegis Capital


Good afternoon. Welcome to Kaspien's Fiscal Third Quarter 2021 Earnings Conference Call. Joining us today are Company's CEO, Kunal Chopra, and CFO, Ed Sapienza. Following their remarks, we will open the call for your questions. Then before we conclude, I'll provide the necessary cautions regarding the forward-looking statements made by management during this call. I would like to remind everyone that this call will be recorded and made available for replay via a link available in the Investor Relations section of the Company's website. Now, I would like to turn the call over to Kaspien's CEO, Kunal Chopra. Sir, please proceed.

Kunal Chopra

Welcome, everyone, and thank you for joining us today. After the market closed, we issued a press release announcing our results for the fiscal third quarter ended October 30th, 2021. A copy of the press release is available in the Investor Relations section of our website. I encourage all listeners to view our release for additional information on what we'll be discussing today. And with that, we'll get started. To begin today, I'd like to run through a high-level overview of our operation highlights from the fiscal third quarter.

Then I will turn the call over to Kaspien Holdings CFO, Ed Sapienza, to discuss our financial results for the quarter. Lastly, I'll come back on to provide more operational analysis and closing remarks before turning the call over to questions. And with that, let's get started. From a high level in the fiscal third quarter, our team was focused on optimizing internal processes to best fit a fluctuating environment. As we discussed last quarter, industry-wide headwinds, including inventory shortages and inflationary price increases stemming

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