Staples (SPLS) Q4 2011 Earnings Call February 29, 2012 9:00 am ET Executives Chris Powers - Ronald L. Sargent - Chairman, Chief Executive Officer and Chairman of Executive Committee Michael A. Miles - President, Chief Operating Officer and President of Staples International John J. Mahoney - Vice Chairman Demos Parneros - President of US Retail Stores Joseph G. Doody - President of North American Delivery Analysts Brian W. Nagel - Oppenheimer & Co. Inc., Research Division Michael Lasser - UBS Investment Bank, Research Division Colin McGranahan - Sanford C. Bernstein & Co., LLC., Research Division Gregory S. Melich - ISI Group Inc., Research Division Christopher Horvers - JP Morgan Chase & Co, Research Division Matthew J. Fassler - Goldman Sachs Group Inc., Research Division Kate McShane - Citigroup Inc, Research Division Joscelyn MacKay - Morningstar Inc., Research Division David Gober - Morgan Stanley, Research Division Daniel T. Binder - Jefferies & Company, Inc., Research Division Anthony C. Chukumba - BB&T Capital Markets, Research Division Sam Reid - Barclays Capital, Research Division Joseph I. Feldman - Telsey Advisory Group LLC Jeremy Ridder Brunelli - Consumer Edge Research, LLC PresentationOperator
Good day, ladies and gentlemen, and welcome to the Fourth Quarter and Full Year 2011 Staples. Inc. Earnings Conference Call. My name is Jeff, and I'll be your coordinator for today. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over to your host for today, Mr. Chris Powers (sic) [Chris Powers] , Director of Investor Relations. You have the floor, sir. Chris Powers Thanks, Jeff. Good morning, everyone, and thank you for joining us for our fourth quarter 2011 earnings announcement.