PetSmart's CEO Discusses Q4 2011 Results - Earnings Call Transcript

PetSmart, Inc. ( PETM)

Q4 2011 Earnings Conference Call

February 29, 2012 4:30 PM ET

Executives

Dave Cone – Vice President of Financial Planning and Analysis

Bob Moran – Chairman and Chief Executive Officer

David Lenhardt – President and Chief Operating Officer

Chip Molloy – Executive Vice President and Chief Financial Officer

Analysts

Matthew Fassler – Goldman Sachs

Chris Horvers – JP Morgan

David Mann – Johnson Rice

Helen Pan – Barclays Capital

Seth [ph] – Credit Suisse

Kate Wen [ph] – Wells Fargo

Michael Baker – Deutsche Bank

Michael Lasser – UBS

Peter Benedict – Robert W. Baird

Brian Nagel – Oppenheimer

Daniel Binder – Jefferies & Company

Presentation

Operator

Good afternoon, ladies and gentlemen, and welcome to PetSmart’s Fourth Quarter and Full Year 2011 Analyst Conference Call.

At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session, and instructions will be given at that time. (Operator instructions) And as a reminder, this conference call is being recorded.

I would now like to introduce your host for today’s conference, Mr. Dave Cone, Vice President of Financial Planning and Analysis.

Dave Cone

Good afternoon and welcome to PetSmart’s conference call to announce our results for the fourth quarter and for all of fiscal 2011. With me on the call today are Chairman and Chief Executive Officer, Bob Moran, our President and Chief Operating Officer, David Lenhardt; as well as Chip Molloy, Executive Vice President and Chief Financial Officer. Bob will kick off the call with an overview of our results, and then Chip will take you through the financial review as well as our earnings guidance. David will review the operations of the business, and provide insights into our upcoming year, and finally, we’ll take your questions.

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