Bare Escentuals, Inc. Q1 2008 Earnings Call Transcript

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2008-05-01 18:48:08.0

Tags: Bare Escentuals Inc.

Question-and-Answer Session

Operator

Thank you ladies and gentlemen. (Operators Instructions). And our first question comes from the line of Neely Tamminga from Piper Jaffray. Please go ahead.

Neely Tamminga

Great. Good afternoon and let me start off by congratulating you on a fantastic quarter.

Myles McCormick

Thank you.

Neely Tamminga

Yeah I just want to just really kind of two points of clarification here and then just one more just hypothetical question on where you are with respect to filling management? I mean I think you guys have had some openings and you have been kind of close to filling them and now you are not. So kind of where you guys thinking in terms of your management team members and then I will just have two points of clarification after that?

Leslie Blodgett

Yeah you know we are not as far along as we'd hoped to be at this point. But you know, Neely we are definitely making progress and we feel really good about that.

Neely Tamminga

Do you have a time line that we can maybe be looking for Lesile?

Leslie Blodgett

Second quarter, yeah.

Neely Tamminga

Second quarter? So it's around the corner.

Leslie Blodgett

Yeah, I guess definitely.

Neely Tamminga

Okay great. Thanks for that. And then just point of clarification, Myles you are talking on the guidance about this no P&L impact to the year, but just shifting of earnings from Q2 to Q3. I mean the Street is sitting in a $0.26, I mean this is a good opportunity to kind of make sure everybody's in alignment about this issue. Is this material? Are we talking like $0.01 to $0.02 are we talking 10 to $0.15? I mean can you give us an order of magnitude of what this looks like or do you think that people are kind of appropriately already $0.26 and don't run away with the enthusiasm heading into Q2?

Myles McCormick

Without commenting on the absolute numbers, we think the impact from moving from Q2 to Q3 is roughly a few pennies.

Neely Tamminga

Okay. And then in terms of costs for Q2, I mean obviously you guys have been doing a lot of infrastructure spent. Do you feel as though you pulled some of that cost accelerated up into Q1 or do you think the level you know, I've seen infrastructure spend could be similar in Q2 to what we saw in Q1?

 

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