Earnings Call Excerpt
Zale Corporation (ZLC)
Q4 2006 Earnings Conference Call
August 31, 2006, 9:00 am EST
Executives:
Betsy Burton, President Chief Executive Officer
George Mihalko, Chief Financial Officer
Cindy Gordon, Senior Vice President and Comptroller
David Sternblitz, Treasurer
Analysts:
Adrianne Shapira, Goldman Sachs
Janet Kloppenburg, JJK Research
Jeff Stein, KeyBanc Capital Market
Bill Armstrong, CL King & Associates
Mark Bettinger, Stanford Group
Dax Blassis, Gates Capital Management
Presentation
Operator
Good morning. My name is Natwinda and I will be your conference operator today. At this time, I would like to welcome everyone to the Zale Corporation Fourth Quarter Fiscal Year 2006 Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press * then the number 1 on your telephone keypad. If you would like to withdraw your question, press the # key. Now, I would like to turn the call over to Ms. Betsy Burton, President and Chief Executive Officer. Thank you. Ms. Burton, you may begin your conference.
Betsy Burton, President and Chief Executive Officer
Thank you. Good morning and thank you for joining us for our fourth quarter conference call. I am Betsy Burton, Chief Executive Officer of Zale Corporation. With me on the call today are George Mihalko, acting Chief Financial Officer, Cindy Gordon, Senior Vice President and Controller, and David Sternblitz, our Treasurer. Before we begin, George will review the Safe Harbor.
George Mihalko, Chief Financial Officer
Good morning. Our commentary and responses to your questions on this conference call will contain certain forward-looking statements including statements relating to our expected sales and earnings, 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 31, 2005, and our quarterly report on Form 10-Q for the quarter ended April 30, 2006, as filed with the SEC.
In addition, we will present non-GAAP financial information on this call. For a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure, please refer to our fourth quarter 2006 earnings release of this date, which can be found on our corporate website, www.zalecorp.com under Shareholder Information, and then clicking on the News Releases icon.
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