Panera Bread Company (PNRA)
Q1 2012 Earnings Call
April 25, 2012 8:30 am ET
Michele Harrison - VP, IR
Ron Shaich - Chairman & Co-CEO
Bill Moreton - President & Co-CEO
Michael Kelter - Goldman Sachs
Matthew Difrisco - Lazard
David Tarantino - Robert W. Baird
Jason West - Deutsche Bank
Joe Buckley - Bank of America
Keith Siegner - Credit Suisse
John Glass - Morgan Stanley
Peter Saleh - Telsey Advisory Group
Phillip Juhan - BMO Capital Markets
Mitch Speiser - Buckingham Research
Bart Glenn - D. A. Davidson
Good day, everyone and welcome to this Panera Bread First Quarter 2012 Earnings Conference Call. Today's call is being recorded. At this time, I would like to turn the conference to Ms. Michele Harrison. Please go ahead.
Thanks, Jake. Good morning to everyone, and welcome to Panera Bread's first quarter 2012 earnings call. Here with me on the call this morning are Ron Shaich, our Chairman and CEO -- Co-Chief Executive Officer; and Bill Moreton, our President and Co-Chief Executive Officer.
Before we begin this morning, let me cover a few regulatory matters. I'd like to note that during our opening remarks and our responses to your questions, certain items will be discussed, which are not based on historical fact.
Any such items, including targeted 2012 results and conditions and details relating to 2012 performance, should be considered forward-looking statements within the meaning of the Private Litigation Security Reform Act of 1995. As such, such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.