Family Dollar Stores' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Family Dollar Stores (FDO)

Q2 2012 Earnings Call

March 28, 2012 10:00 am ET

Executives

Kiley F. Rawlins - Vice President of Investor Relations & Communications

Howard R. Levine - Executive Chairman, Chief Executive Officer and Member of Equity Award Committee

Michael R. Bloom - President and Chief Operating Officer

Kenneth T. Smith - Chief Financial Officer, Principal Accounting Officer and Senior Vice President

Analysts

Aram Rubinson - Nomura Securities Co. Ltd., Research Division

Bernard Sosnick - Gilford Securities Inc., Research Division

Adrianne Shapira - Goldman Sachs Group Inc., Research Division

Stephen Shin - Morgan Stanley, Research Division

Laura A. Champine - Canaccord Genuity, Research Division

Meredith Adler - Barclays Capital, Research Division

Unknown Analyst

Deborah L. Weinswig - Citigroup Inc, Research Division

Matthew R. Boss - JP Morgan Chase & Co, Research Division

Scot Ciccarelli - RBC Capital Markets, LLC, Research Division

John Heinbockel - Guggenheim Securities, LLC, Research Division

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

Presentation

Operator

Good morning. My name is Tanya, and I will be your conference facilitator today. 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 F. Rawlins

Thank you, Tanya. Good morning, everyone, and thank you for joining us today. For those of you who have dialed in, please note that we have posted accompanying slides on the Investor Relations page of our website. 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, March 28, 2012. 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.

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