Earnings Call Excerpt
Family Dollar Stores (FDO)
Q3 2006 Earnings Conference Call
June 22, 2006, 10:00 a.m. EST
Executives:
Kiley Rawlins, Divisional Vice President, Investor Relations and Communications
Howard Levine, Chairman and CEO
James Kelly, Vice Chairman and Chief Financial and Administrative Officer
Analysts:
Tina Wang, Citigroup
Michael Baker, Deutsche Bank
Dan Weaver, Raymond James
Ibe, Lehman Brothers
Mark Miller, William Blair
Mark Husson, HSBC Securities
Jeff Stinson, Cleveland Research Company
John Zolidis, Buckingham Research Group
Charles Grom, JP Morgan
Mitchell Kaiser, Piper Jaffray
Presentation
Operator
Good morning ladies and gentlemen and welcome to the Family Dollar Third Quarter Earnings Conference Call. This call is being recorded by Verizon and CCBN. If you have any objections you may disconnect at this time. At this time, all participants are in a listen-only mode. After the prepared statement by the Company, we will open the call for questions from the participants. And now I will like to turn the meeting over to Ms. Kiley Rawlins, Divisional Vice President, Investor Relations and Communications. Ms. Rawlins, you may begin.
Kiley Rawlins, Divisional VP, Investor Relations and Communications
Thank you, Christie. Good morning everyone and thank you for joining us today. With me this morning are Howard Levine, Chairman and CEO; and Jim Kelly, Vice Chairman, Chief Financial and Administrative Officer.
Before we begin, you should know that our comments today will include forward-looking statements, which are made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act. These statements address Company’s plans and activities or events, which we expect will or may occur in the future. However, a number of factors as set forth in our SEC filings and press releases could cause actual results to differ from our plans. We refer you to and specifically incorporate precautionary statements contained in today’s press release and our other SEC filings. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date of this call. The Company does not undertake to publicly update or revise its forward-looking statements.
In addition this morning, we will discuss non-GAAP financial measures, which are intended to help investors understand Family Dollar’s ongoing business performance. These measures include operating expenses, net income, and earnings per diluted share, each excluding litigation charges. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is included in our earnings release issued this morning and available on our website in the News Releases section of our investor page.
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