Pier 1 Imports (PIR) Q4 2012 Earnings Call April 05, 2012 11:00 am ET Executives Kelley Buchhorn - Alexander W. Smith - Chief Executive Officer, President, Director and Member of Executive Committee Charles H. Turner - Chief Financial Officer, Executive Vice President of Finance and Treasurer Analysts Budd Bugatch - Raymond James & Associates, Inc., Research Division Brian W. Nagel - Oppenheimer & Co. Inc., Research Division Alan M. Rifkin - Barclays Capital, Research Division Matthew R. Nemer - Wells Fargo Securities, LLC, Research Division Simeon Gutman - Crédit Suisse AG, Research Division Anthony C. Chukumba - BB&T Capital Markets, Research Division PresentationOperator
Good morning, ladies and gentlemen. This is the Pier 1 Imports Fourth Quarter and Fiscal Year End Conference Call. At the request of Pier 1 Imports, today's conference call is being recorded. [Operator Instructions] I would now like to introduce Kelley Buchhorn, Director of Investor Relations for Pier 1 Imports. Kelley Buchhorn Thank you, Deborah, and good morning, everyone. Prior to market open today, we issued 3 press releases. One included the financial and operating results for the fourth quarter and fiscal year ended February 25, 2012, one included details of the company's new 3-year growth plan and one included details of the company's board-approved quarterly cash dividend. In just a few moments, we will hear comments from Alex and Cary about the financial results and growth initiative, followed by a question-and-answer period. Before we begin, I need to remind you that certain comments made during this call may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and can be identified by the use of words such as may, will, expect, anticipate, believe and other similar words and phrases. Our actual results and future financial conditions may differ materially from those expressed in any such forward-looking statements as a result of many factors that may be outside of our control. Please refer to our SEC filings, including our Annual Report on Form 10-K, for a complete discussion of the major risks and uncertainties that may affect our business. The forward-looking statements made today are as of the date of this call, and we do not undertake any obligation to update our forward-looking statements.