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Ross Stores Management Discusses Q2 2012 Results - Earnings Call Transcript

Ross Stores (ROST)

Q2 2012 Earnings Call

August 16, 2012 11:00 am ET

Executives

Michael Balmuth - Vice Chairman and Chief Executive Officer

John G. Call - Chief Financial Officer, Principal Accounting Officer and Group Senior Vice President

Gary L. Cribb - Executive Vice President of Stores & Loss Prevention

Michael B. O'Sullivan - President and Chief Operating Officer

Analysts

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

Rick B. Patel - BofA Merrill Lynch, Research Division

Jaime M. Katz - Morningstar Inc., Research Division

Jeffrey S. Stein - Northcoast Research

Kimberly C. Greenberger - Morgan Stanley, Research Division

David M. Mann - Johnson Rice & Company, L.L.C., Research Division

Richard Ellis Jaffe - Stifel, Nicolaus & Co., Inc., Research Division

Jason Smith

Omar Saad - ISI Group Inc., Research Division

Evren Dogan Kopelman - Wells Fargo Securities, LLC, Research Division

Daniel Jacome - Oppenheimer & Co. Inc., Research Division

Roxanne Meyer - UBS Investment Bank, Research Division

Alex J. Fuhrman - Piper Jaffray Companies, Research Division

Daniel Hofkin - William Blair & Company L.L.C., Research Division

Mark K. Montagna - Avondale Partners, LLC, Research Division

David J. Glick - The Buckingham Research Group Incorporated

Marni Shapiro - The Retail Tracker

Dana Lauren Telsey - Telsey Advisory Group LLC

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

Presentation

Operator

Good morning, and welcome to the Ross Stores Second Quarter 2012 Earnings Release Conference Call. The call will begin with prepared comments by management followed by a question-and-answer session. [Operator Instructions]

Before we get started, on behalf of Ross Stores, I would like to note that the comments made on this call will contain forward-looking statements regarding expectations about future growth and financial results, including sales and earnings forecasts and other matters that are based on the company's current forecast of aspects of its future business. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from historical performance or current expectations. Risk factors are included in today's press release and the company's fiscal 2011 Form 10-K and fiscal 2012 Form 10-Q and 8-Ks on file with the SEC.

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