Family Dollar Stores (FDO) F1Q11 Earnings Call January 5, 2011 10:00 a.m. ET Executives Kiley Rawlins – VP, IR and Communications Howard Levine – Chairman and CEO Ken Smith – SVP and CFO Jim Kelly – President and COO Analysts Dan Wewer – Raymond James Adrianne Shapira - Goldman Sachs Vincent Sinisi - [BAM Maryland] Meredith Adler – Barclays Capital Charles Grom – JPMorgan Scot Ciccarelli – RBC Capital Markets Patrick McKeever – MKM Partners Deborah Weinswig - Citigroup Joseph Parkhill – Morgan Stanley PresentationOperator
I would like to welcome everyone to the Family Dollar earnings conference call. [Operator instructions.] I would now like to introduce Ms. Kiley Rawlins, vice president of investor relations and communications. Ms. Rawlins, you may begin your conference. Kiley Rawlins Thank you operator and good morning everyone. Thank you for joining us today. Before we begin, you should know that our comments today will include forward-looking statements regarding various operating initiatives, sales and profitability metrics, and capital expenditures, as well as our expectations for future financial performance. While these statements address plans or events which we expect will, or may, occur in the future, a number of factors as set forth in our SEC filings and press releases could cause actual results to differ from our expectations. We refer you to, and specifically incorporate, the cautionary and risk statements contained in today’s press release and in our SEC filings. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today, January 5, 2011. We have no obligation to update or revise our forward-looking statements except as required by law, and you should not expect us to do so.