Q2 2023 Kidpik Corp Earnings Call Transcript
Greetings, and welcome to the Kidpik second-quarter 2023 financial results conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Ezra Dabah. Thank you, Ezra. You may begin.
Thank you, operator, and thank you, everyone, for joining us today. We are pleased to welcome everyone to today's call, where we will review Q2 2023 and provide an update on Kidpik's business. We will begin with a review of our financial business highlights followed by a financial review, which Jill, our Chief Accounting Officer, will take us through.
I'd like to start by sharing that our second-quarter earnings were, for the most part, consistent with our first quarter. During the second quarter, we continued to take action to execute our plan to reduce inventory levels while maintaining our gross margin of about 60%. We are focused on increasing sales from our current inventory level, which we believe will support our cash flow needs
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