Kaspien Holdings Inc (STU:TWDA)

€ 0.007 0 (0%) Market Cap: 35,000.00 Enterprise Value: 19.79 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 0/100

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Q2 2019 Trans World Entertainment Corp Earnings Call Transcript

Aug 29, 2019 / 02:00PM GMT

Release Date Price: €3.55 (-25.58%)

Transcript 8-K

Operator

Good day, ladies and gentlemen, and welcome to your Trans World Entertainment Second Quarter 2019 Results Conference call. (Operator Instructions)

This time, it is my pleasure to turn the floor over to Mike Feurer, CEO of Trans World Entertainment. Sir, the floor is yours.

Michael Feurer

Trans World Entertainment Corporation - CEO & Director

Thank you, Christie. Good morning. Thank you for joining us as we discuss our second quarter results. On the call with me today is Edwin Sapienza, our Chief Financial Officer. For the fye segments, comparable store sales decreased 1.2% compared to the second quarter of last year aided by strong 9.6% comp increase in our lifestyle categories.

Our customers continue to respond positively to our exclusive, unique and engaging merchandise point of view. In the etailz segment, we saw the benefits of the performance improvement initiatives begun in the fourth quarter of 2018, highlighted by improved gross margins, lower SG&A expenses, improved supply chain efficiency and operating process improvements.

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