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Whole Foods Market's CEO Discusses F2Q12 Results - Earnings Call Transcript

Whole Foods Market, Inc. (WFM)

F2Q12 Earnings Call

May 2, 2012 5:00 p.m. ET

Executives

Cindy McCann - Vice President of Investor Relations

Walter Robb - Co-Chief Executive Officer

Glenda Flanagan - Executive VP & Chief Financial Officer

A.C. Gallo - President & Chief Operating Officer

John Mackey - Co-Chief Executive Officer

Jim Sud - Executive VP, Growth and Business Development

Ken Meyer - Executive VP, Operations

David Lannon - Executive VP, Operations

Analysts

Charles Grom - Deutsche Bank

Ed Aaron - RBC Capital Markets

Meredith Adler - Barclays Capital

Jason DeRise - UBS

John Heinbockel - Guggenheim

Scott Mushkin - Jefferies & Co.

Sean Naughton - Piper Jaffray

Mark Miller - William Blair

Mark Wiltamuth - Morgan Stanley

Presentation

Operator

Good day, ladies and gentlemen. All sites are now online in a listen-only mode. Please note there will be a question-and-answer session later on today’s conference. (Operator Instructions) I’ll now turn the program over to our first speaker for today, Cindy McCann, Vice President of Investor Relations. Please go ahead.

Cindy McCann

Good afternoon and thank you for joining us. On today’s call are John Mackey and Walter Robb, Co-Chief Executive Officers; A.C. Gallo, President; Glenda Flanagan, Executive Vice President and Chief Financial Officer; Jim Sud, Executive Vice President of Growth and Development; and David Lannon and Ken Meyer, our recently promoted Executive Vice Presidents of Operations.

As a reminder, all forward-looking statements on this call are subject to risks and uncertainties that could cause the company’s actual results to differ materially from the expectations and assumptions discussed today. This may be due to a variety of factors that affect the company including the risks outlined in the company’s most recently filed Form 10-Q and 10-K. Please note our press release and scripted remarks are available on our website. We assume you have read our press release, so we will use this time to focus on highlights from the quarter.

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