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TheStreet Open House

Trans World Entertainment's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Trans World Entertainment ( TWMC)

Q4 2011 Earnings Call

February 29, 2012 10:00 a.m. ET

Executives

Bob Higgins – CEO

Tom Seaver - CFO

Mike Honeyman – President and COO

Analysts

William Myers – Miller Asset Management

Harsha Gowda – Blue Shore Capital

Presentation

Operator

Good day, ladies and gentlemen. And welcome to Trans World Entertainment Fourth Quarter 2011 Results Conference Call. At this time, all lines are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. (Operator Instructions).

As a reminder, today’s conference call is being recorded. I would now like to turn the conference over to your host, Mr. Bob Higgins, Chairman and CEO. Please begin.

Bob Higgins

Thank you, Sean. Good morning. On the call with me today is Mike Honeyman, our President and Chief Operating Officer, and Tom Seaver, our Chief Financial Officer. Tom joined the company in late November, and has over 20 years of experience with Albany International, most recently as Vice President of Strategic Planning. He brings Trans World strong financial and strategic expertise, as well as demonstrated excellence in operational and process improvement. We’re happy to have Tom on board and look forward to working with him.

Now I’d like to thank you for joining us as we discuss our fourth quarter and full-year results. I’m pleased to announce that for the eighth consecutive quarter, we’ve driven improvement in our operating result. And with that continued improvement, we were able to deliver our first profitable fiscal year since 2006.

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