Ross Stores' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Ross Stores (ROST)

Q4 2011 Earnings Call

March 15, 2012 11:00 am ET


Michael Balmuth - Vice Chairman and Chief Executive Officer

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

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

Katie Loughnot - Vice President of Investor & Media Relations


Jeffrey S. Stein - Northcoast Research

Tracy Kogan - Nomura Securities Co. Ltd., Research Division

Tracy Kogan

Maren Kasper - Wells Fargo Securities, LLC, Research Division

Rick B. Patel - BofA Merrill Lynch, Research Division

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

Kimberly C. Greenberger - Morgan Stanley, Research Division

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

Laura A. Champine - Collins Stewart LLC, Research Division

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

Marni Shapiro - The Retail Tracker

Marni Shapiro

Omair Asif - Barclays Capital, Research Division

Jeffrey P. Klinefelter - Piper Jaffray Companies, Research Division

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

Adrianne Shapira - Goldman Sachs Group Inc., Research Division

Dana Lauren Telsey - Telsey Advisory Group LLC

David J. Glick - The Buckingham Research Group Incorporated

Patrick McKeever - MKM Partners LLC, Research Division



Good morning, and welcome to the Ross Stores Fourth Quarter and Fiscal Year 2011 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 2010 Form 10-K, fiscal 2011 Form 10-Qs and fiscal 2011 and 2012 form 8-Ks on file with the SEC.

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