Full Transcript of Best Buy’s F3Q06 (Qtr Ending Nov 26, 2005) Conference Call — Prepared Remarks (BBY)

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2005-12-15 10:05:58.0

Tags: Best Buy Co. Inc.

Earnings Call Excerpt

Here’s the entire text of the prepared remarks from Best Buy’s (ticker: BBY) fiscal Q3 2006 conference call. The Q&A is here.

We recognize that this transcript may contain inaccuracies - if you find any, please post a comment below and we’ll incorporate your corrections. And please note: this conference call transcript is a Seeking Alpha product, so feel free to link to it but reproduction is not permitted without the explicit permission of Seeking Alpha.

Executives:

Jennifer Driscoll, Vice President of Investor Relations
Brad Anderson, Vice Chairman, Chief Executive Officer
Brian Dunn, President
Ron Boire, EVP, General Merchandise Manager
Darren Jackson, EVP-Finance, Chief Financial Officer
John Walden, EVP, Customer Business Groups
Kevin Layden, Chief Operating Officer
Charles Marentette, Senior Director of Investor Relations

Analysts:

Alan Rifkin, Lehman Brothers, Analyst
Mark Rowen, Prudential, Analyst
Scot Ciccarelli, RBC Capital Markets, Analyst
Bill Sims, Citigroup, Analyst
Matthew Fassler, Goldman Sachs, Analyst
Colin McGranahan, Bernstein, Analyst
Steve Chick, JP Morgan, Analyst

Presentation

Operator

Welcome to Best Buy's conference call for the Third Quarter of Fiscal 2006. Operator Instructions As a reminder, this call is being recorded for playback and will be available by 1:00 p.m. Eastern time today. I would now like to turn the conference call over to Jennifer Driscoll, Vice President of Investor Relations.

Jennifer Driscoll, Vice President of Investor Relations

Thank you. Good morning, everyone. Thank you for participating in our investor conference call for the fiscal third quarter. With me here in Richfield this morning are Brad Anderson, our Vice Chairman and CEO who will give you the third quarter highlights; Brian Dunn, President Retail North America who will update you on our domestic and international segment; and Darren Jackson, Executive Vice President Finance, and CFO who will cover today's results as well as our earnings guidance for the fiscal year. Joining us by telephone is Ron Boire, Executive Vice President and General Merchandise Manager who will discuss our competitive position in the third quarter. With me here today and available for our Q&A session are Mike Linton, Executive Vice President and Chief Marketing Officer; Kal Patel, Executive Vice President of Strategy and International Development; John Walden, Executive Vice President of our Customer Business Group; Bob Willett, Executive Vice President of Operations and CIO; Kevin Layden, President of Best Buy Canada by phone; Susan Hoff, Senior Vice President and Chief Communications Officer; Shawn Score, Senior VP of Sales Development; and Charles Marentette, Senior Director of Investor Relations.

 

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