Earnings Call Excerpt
Bed Bath & Beyond Inc. (BBBY)
F2Q07 Earnings Call
September 26, 2007 5:00 pm ET
Executives
Ron 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 second quarter fiscal 2007 results conference call. (Operator Instructions). Now at this time, I would like to turn the conference over to Ron Curwin, Senior Vice President of Investor Relations of Bed Bath & Beyond. Mr. Curwin, please go ahead.
Ron Curwin
Thank you and good afternoon. Welcome to Bed Bath & Beyond's second quarter fiscal 2007 conference call. Within the past hour, we issued a press release covering Bed Bath & Beyond's results for the three- and six-month periods ended September 1, 2007. During this call, we will comment on some of the quarter’s highlights and update guidance for fiscal 2007, a 52-week year ending on March 1, 2008.
Before proceeding, I will read the following statement, and I quote: ?Bed Bath & Beyond’s fiscal second quarter press release and comments made during this call may contain forward-looking statements within the meaning of Section 21-E 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 condition may differ materially from those expressed in any such forward-looking statement as a result of many factors that may be outside the company’s control. Please refer to Bed Bath & Beyond's SEC filings, including its Form 10-K for the year ended 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 Temares, Chief Executive Officer and a member of the Board of Directors, will follow Warren. Some additional financial commentary will conclude today’s call.
I am now very pleased to introduce Warren Eisenberg. Warren.
Warren Eisenberg
Good afternoon. I am pleased to say that our second quarter once again produced solid results and that I am confident that fiscal 2007, despite its challenges, will be yet another successful year for our company.
In the retail market for home related products, our company’s market share continues to expand as we distance ourselves from our competitors by most measures, including and most importantly, profitability. We remain highly confident in the ever-growing success of our business.
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