Earnings Call Excerpt
Bed Bath & Beyond, Inc. (BBBY)
Q3 2006 Earnings Call
December 20, 2006 5:00 pm ET
Executives
Warren Eisenberg - Co-Chairman
Steven Temares - CEO
Ron Curwin - SVP, IR
Presentation
Operator
Welcome to Bed Bath & Beyond’s Third Quarter of Fiscal Year 2006 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 call will be available beginning at Wednesday, December 20, 2006, at 6:30 p.m. Eastern time, through 6:30 p.m. Eastern time on Friday, December 22, 2006. To access the rebroadcast, you may dial 888-203-1112, with a passcode ID of 6869344.
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 fiscal third quarter of 2006 conference call. Within the past hour, we issued a press release announcing Bed Bath & Beyond’s results for the three and nine month periods ended November 25, 2006, as well as a newly authorized share repurchase program.
During this call, we will comment on our third quarter and nine month results and update our guidance for fiscal 2006, a 53-week year ending on March 3, 2007. We will also provide our preliminary guidance for fiscal 2007 by 52 week year, which begins on March 4, 2007, and ends on March 1, 2008.
Before proceeding I will read the following statement. "Bed Bath & Beyond's fiscal third 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 by use of words such as may, will, expect, anticipate, estimate, assume, continue, project, plan and similar words and phrases. The 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 SEC filings, including its Form 10-K for the year ended February 25, 2006, and the forms 10-Q and 8-K filed by the company since that date. The company does not undertake any obligation to update its forward-looking statement."
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. The earnings guidance from additional financial comments will conclude today's call.
- To read the full transcript on Seeking Alpha, click here »
