Earnings Call Excerpt
Del Monte Foods Co. (DLM)
F4Q08 Earnings Call
June 5, 2008 10:00 am ET
Executives
Rick Wolford – Chairman, Chief Executive Officer
Dave Meyers – Chief Financial Officer
Larry Bodner – Senior Vice President Finance and Investor Relations
Analysts
Farha Aslam – Stephens Inc.
Gretchen Montgomery - Deutsche Bank
Jonathan Feeney - Wachovia Securities
Ken Goldman – JP Morgan
Vincent Andrews - Morgan Stanley
Alton Stump – Longbow Research
Reza Vahabzadeh - Lehman Brothers
Eric Serotta – Merrill Lynch
Ann Gurkin - Davenport & Co.
Robert Moskow - Credit Suisse
Presentation
Operator
Welcome and thank you for joining Del Monte Foods Co. fourth quarter and full year fiscal 2008 earnings conference call. At this time all participants are in listen-only mode. After the presentation we will conduct a question-and-answer session. Today’s conference is being recorded.
Now I will turn the call over to Larry Bodner, Senior Vice President Finance and Investor Relations, Del Monte Foods. Thank you. You may begin.
Larry Bodner
Good morning everyone. Thank you for joining us for Del Monte Foods fiscal 2008 fourth quarter conference call. With me today are Rick Wolford, Del Monte's Chairman and CEO and Dave Meyers, our CFO.
The call today will last one hour. In the interest of time, we'd ask you to limit your questions to one per person.
Let me remind everyone that statements made during this conference call which are not historical facts including any statements about the company's targets, beliefs, plans or expectations are forward-looking statements and are based on management's current plans, estimates and projections. The company does not undertake to update any of these statements in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. Investors should not place undue reliance on them.
There are a number of important factors that could cause actual results to differ materially from those contained in such statements. These factors are described in more detail in the earnings release we issued today and in our filings with the SEC.
Some slides in our presentation will show both Q4 fiscal 2008 and fiscal 2008 full-year results. In the interest of time we will only talk to Q4 fiscal 2008 results. In response to investor feedback this quarter we are providing all-outlet share data which incorporates Nielsen all-outlet panel data in addition to the Nielsen grocery share data we have provided historically. The all-outlet share data will discuss our internal estimates based on Nielsen grocery share data and Nielsen all-outlet panel data for the 52 or 13-week ended April 26, 2008.
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