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Saks Incorporated Management Discusses Q2 2012 Results - Earnings Call Transcript

Saks Incorporated (SKS)

Q2 2012 Earnings Call

August 14, 2012 9:30 am ET

Executives

Stephen I. Sadove - Executive Chairman and Chief Executive Officer

Kevin G. Wills - Chief Financial Officer, Principal Accounting Officer and Executive Vice President

Ronald L. Frasch - President and Chief Merchandising Officer

Analysts

Charles X. Grom - Deutsche Bank AG, Research Division

Barbara Wyckoff - CLSA Asia-Pacific Markets, Research Division

Deborah L. Weinswig - Citigroup Inc, Research Division

Lorraine Maikis Hutchinson - BofA Merrill Lynch, Research Division

Paul Swinand - Morningstar Inc., Research Division

Matthew R. Boss - JP Morgan Chase & Co, Research Division

Kimberly C. Greenberger - Morgan Stanley, Research Division

Jennifer M. Davis - Lazard Capital Markets LLC, Research Division

Dana Lauren Telsey - Telsey Advisory Group LLC

Lizabeth Dunn - Macquarie Research

Michael Binetti - UBS Investment Bank, Research Division

Michael B. Exstein - Crédit Suisse AG, Research Division

Presentation

Operator

Greetings, and welcome to the Saks Incorporated Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Steve Sadove, Chairman and CEO of Saks Incorporated. Thank you, sir. You may begin.

Stephen I. Sadove

Thanks. Good morning. This is Steve Sadove, Chairman and CEO of Saks. I'm joined on the call today by Ron Frasch, our President; Kevin Wills, our CFO; and Julia Bentley, our SVP of Investor Relations. I'd like to thank each of you for taking the time to join us.

First, let me note that some of the comments on the call today, as well as some of the information presented in our release, related to future results or expectations, are considered forward-looking information within the definition of the federal securities laws. The forward-looking information is premised on many factors, and actual consolidated results might differ materially from projected information if there are any material changes in our assumptions or in the various risks related to our industry and our company. For a description of the risks and assumptions related to these projections, please refer to the release and our filings with the SEC, including our most recent Form 10-K/A.

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