Earnings Call Excerpt
Bed Bath & Beyond, Inc. (BBBY)
F3Q07 Earnings Call
January 3, 2008 5:00 pm ET
Executives
Ronald Curwin – Senior Vice President Investor Relations
Warren Eisenberg – Co-Chairman of the Board
Steven H. Temares – Chief Executive Officer & Director
Presentation
Operator
Welcome to Bed Bath & Beyond’s third quarter of fiscal 2007 results
conference call. All participants are in
a listen only mode for the duration of the call. This call is being recorded. A rebroadcast of this conference will be
available beginning on Thursday, January 2, 2008 at 6:30 pm eastern time
through 6:30 pm eastern time on January 5, 2008. To access the rebroadcast you may dial
888-203-1112 with a passcode ID of 3741772.
Now, at this time I’d like to turn the conference over to Ron Curwin,
Senior Vice President of Investor Relations of Bed Bath & Beyond. Mr. Curwin, please go ahead.
Ronald Curwin
Thank you and good afternoon. Welcome to Bed Bath & Beyond’s third quarter of fiscal 2007 conference call. Within the past hour we issued a press release announcing Bed Bath & Beyond’s results for the three and nine month periods ending December 1, 2007 and updated guidance for fiscal 2007. During this call we will review these results and provide some preliminary fiscal 2008 planning assumptions. Sales and earnings guidance related to fiscal 2008 will be provided during our fourth quarter call on April 9, 2008 at which time our annual budgeting process will have been completed.
Before proceeding I will read the following statement and I quote, ?Bed Bath & Beyond’s fiscal third quarter press release and comments made during this call may contained forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended. Many of these forward looking statements can be identified by the use of words such as may, will, expect, anticipate, estimate, assume, continue, project, plan and similar words and phrases. The company’s actual results and future financial conditions may differ materially from those expressed in any such forward-looking statements as a result of many factors that may be outside of the company’s control. Please refer to Bed Bath & Beyond’s SEC filings including its Form 10K for the year ending March 3, 2007. The company does not undertake any obligation to update its forward looking statements.?
Warren Eisenberg, Co-Chairman of Bed Bath & Beyond leads off today’s call. Steven Temaras, Chief Executive Officer and a member of the Board of Directors will follow Warren. Some additional financial commentary will conclude today’s call. I’m now very pleased to introduce Warren Eisenberg.
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