Pier 1 Imports Management Discusses Q1 2013 Results - Earnings Call Transcript

Pier 1 Imports (PIR)

Q1 2013 Earnings Call

June 14, 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, Senior Executive Vice President and Treasurer

Analysts

John Marrin - Jefferies & Company, Inc., Research Division

Brian W. Nagel - Oppenheimer & Co. Inc., Research Division

David Berman - Berman Capital Management LP

Helen Pan - Barclays Capital, Research Division

Simeon Gutman - Crédit Suisse AG, Research Division

Bradley B. Thomas - KeyBanc Capital Markets Inc., Research Division

Matthew R. Nemer - Wells Fargo Securities, LLC, Research Division

Anthony C. Chukumba - BB&T Capital Markets, Research Division

Denise Chai - BofA Merrill Lynch, Research Division

Presentation

Operator

Good morning, ladies and gentlemen. This is the Pier 1 Imports First Quarter 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, Ashley, and good morning, everyone. Prior to market open today, we issued a press release which included the detailed financial results for the first quarter ended May 26, 2012. In just a few moments, we will hear comments from Alex and Cary about the financial results and the company's growth initiatives, 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 27A of the Securities Act of 1933 and 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 any 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.

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