Earnings Call Excerpt
Zale Corporation (ZLC)
F1Q07 Earnings Call
November 16, 2006 9:00 am ET
Executives
Betsy Burton - President and Chief Executive Officer
Rodney Carter - Group Senior Vice President and Chief Financial Officer
Cindy Gordon - Senior Vice President and Controller
David Sternblitz - Vice President and Treasurer
Analysts
Bill Armstrong - CL King & Associates
Janet Kloppenburg - JJK Research
Marc Bettinger - Stanford Group
Jeff Stein - KeyBanc Capital Markets
Evelyn Copelman - JP Morgan
Presentation
Operator
Good morning. My name is Stephanie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Zale Corporation first quarter fiscal year 2007 conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions].
Now, I would turn the call over to Ms. Betsy Burton, President and Chief Executive Officer.
Betsy Burton
Good morning and thank you for joining us for our first quarter conference call. I am Betsy Burton, Chief Executive Officer of Zale Corporation. With me on the call today are Rodney Carter, Chief Financial Officer; Cindy Gordon, Controller; and David Sternblitz, Treasurer.
Before we begin, Rodney will review the Safe Harbor.
Rodney Carter
Our commentary and responses to your questions on this conference call will contain forward-looking statements, including statements relating to our future goals, plans, and objectives. These forward-looking statements are not guarantees of future performance, and a variety of factors could cause our actual results to differ materially from the anticipated or expected results expressed in these forward-looking statements. Information concerning some of the factors that could cause actual results to differ materially from those contained in the forward-looking statements is available in our annual report on Form 10-K for the year ended July 31st, 2006.
In addition, we may present financial information on this call that would be considered non-GAAP financial information. For a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure, please refer to the Company's most recent sales and earnings release, which can be found on our corporate website, www.zalecorp.com, under financial information, and then news releases.
Betsy Burton
Thank you, Rodney. First, I would like to welcome Rodney to our management team. We have now completed the assembly of our executive team, and we're excited about the experience, talent and enthusiasm this group brings to the business. Also of note this quarter was the decision by the FTC to close its investigation of our accounting and other related issues. We are pleased to have this behind us.
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