ANN INC Management Discusses Q1 2012 Results - Earnings Call Transcript

ANN INC (ANN)

Q1 2012 Earnings Call

May 18, 2012 8:30 am ET

Executives

Judith Lord

Katherine Lawther Krill - Chief Executive Officer, President and Executive Director

Michael J. Nicholson - Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Treasurer

Analysts

Kimberly C. Greenberger - Morgan Stanley, Research Division

Janet Kloppenburg

Roxanne Meyer - UBS Investment Bank, Research Division

Jennifer Black

Lorraine Maikis Hutchinson - BofA Merrill Lynch, Research Division

Paul Lejuez - Nomura Securities Co. Ltd., Research Division

Marni Shapiro - The Retail Tracker

Brian J. Tunick - JP Morgan Chase & Co, Research Division

Betty Y. Chen - Wedbush Securities Inc., Research Division

Adrienne Tennant - Janney Montgomery Scott LLC, Research Division

Presentation

Operator

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Good morning, ladies and gentlemen, and welcome to the ANN INC.'s First Quarter 2012 Earnings Conference Call. At the request of the company, today's conference call is being recorded. [Operator Instructions] I would now like to turn the call over to Judy Lord, Vice President, Investor Relations. Please go ahead.

Judith Lord

Thank you, Teresa, and good morning, everyone. We're pleased you could join us to review our results for the first quarter of fiscal 2012. I'm here with Kay Krill, ANN INC.'s President and CEO; and Mike Nicholson, our CFO.

Kay will begin with an overview of the quarter and a brief update on our strategic initiatives, followed by Mike who will discuss our financial results and outlook. After that, we'll open it up for your questions.

Before turning it over to Kay, we would like to remind you that our discussion this morning includes forward-looking statements, which are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the company's current expectations as of May 18, 2012, concerning future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially.

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