Earnings Call Excerpt
Bed Bath & Beyond, Inc. (BBBY)
F1Q07 Earnings Call
June 27, 2007 5:00 pm ET
Executives
Ron Curwin - SVP of IR
Warren Eisenberg - Co-Chairman
Steven Temares - CEO
Presentation
Operator
Please standby, we're about to begin. And welcome to Bed Bath & Beyond’s First 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 the conference will be available beginning on Wednesday, June 27th, 2007 at 6:30 pm Eastern Time through 6:30 pm Eastern Time on Friday, June 29th, 2007. To access the rebroadcast, you may dial 1-888-203-1112, with a passcode ID of 4853027.
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 first quarter fiscal 2007 conference call. Within the past hour, we issued a press release covering Bed Bath & Beyond’s results for the three-month period ended June 2nd, 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. ?Bed Bath & Beyond's fiscal first quarter press release and comments made during this call may contain 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 condition may differ materially from those expressed in any such forward-looking statements as a result of many factors that may be outside the company's control. Please refer to Bed Bath & Beyond’s fiscal first quarter of 2007 press release and its 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.?
In addition, our company continues to cooperate with the informal inquiry of this Securities and Exchange Commission and the inquiry of the United States Attorney’s Office for the District of New Jersey, regarding our stock option grant practices.
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. Our earnings guidance for the fiscal second quarter and for all of fiscal 2007 and some additional financial commentary will conclude today’s call.
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