Bed Bath & Beyond, Inc. F3Q08 (Quarter End 11/29/08) Earnings Call Transcript

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2009-01-07 16:18:14.0

Tags: Forward-looking Statement, Call, Call Transcript, Earnings, Bed Bath & Beyond Inc., Bed Bath & Beyond, Seeking Alpha, Bed, Bath & Beyond Inc., Bed, Bath & Beyond Inc.

Earnings Call Excerpt

Bed Bath & Beyond, Inc. (BBBY)

F3Q09 Earnings Call

January 7, 2008 5:00 pm ET

Executives

Eugene A. Castagna – Chief Financial Officer & Treasurer

Leonard Feinstein – Co-Chairman of the Board

Steven H. Temares – Chief Executive Officer & Director

Presentation

Operator

Welcome to Bed Bath and Beyond third quarter of fiscal 2008 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 will be available beginning on Wednesday, January 7, 2009 at 6:30 pm Eastern Time through 6:30 pm Eastern Time on Friday, January 9, 2009. To access the rebroadcast you may dial 1-888-203-1112 with a pass code ID of 2574336.

Now, at this time it is my pleasure to turn the conference over to Gene Castagna, Chief Financial Officer and Treasurer of Bed Bath & Beyond.

Eugene A. Castagna

Welcome to Bed Bath & Beyond’s third quarter of fiscal 2008 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 29, 2008. During this call we will comment on some of the third quarter’s highlights and update guidance for the fiscal fourth quarter and full year 2008. We will also provide some preliminary fiscal 2009 planning assumptions.

We anticipate providing further information related to the fiscal first quarter and full year of 2009 on our next quarterly call on April 7, 2009 when we expect to have better visibility about the macroeconomic environment for the next fiscal year.

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 21E of the Securities Exchange Act of 1934 as amended. Many of these forward looking statements can be identified by the use of words such as may, will, expect, anticipate, estimate, assume, continue, project, plan and similar words and phrases.

The company’s actual results and future financial condition may differ materially from those expressed in any such forward-looking statement as a result of many factors that may be outside of the company’s control. Please refer to Bed Bath & Beyond’s SEC filings including its form 10K for the year ended March 1, 2008. The company does not undertake any obligation to update its forward-looking statements.?

 

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