Family Dollar Stores Inc. (FDO) July 18, 2012 1:00 pm 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 Mary A. Winston - Chief Financial Officer, Chief Accounting Officer and Executive Vice President Analysts John Heinbockel - Guggenheim Securities, LLC, Research Division Adrianne Shapira - Goldman Sachs Group Inc., Research Division Daniel R. Wewer - Raymond James & Associates, Inc., Research Division Deborah L. Weinswig - Citigroup Inc, Research Division Scot Ciccarelli - RBC Capital Markets, LLC, Research Division Daniel T. Binder - Jefferies & Company, Inc., Research Division Meredith Adler - Barclays Capital, Research Division Joseph I. Feldman - Telsey Advisory Group LLC David Schwartzman PresentationKiley F. Rawlins
Good afternoon, and welcome to the Family Dollar 2012 Analyst and Investor Conference. We're really glad that all of you could join us today. My name is Kiley Rawlins, and I lead our investor relations effort here at Family Dollar. Today, we'd like to give you an update on what we think the opportunity is for Family Dollar and the progress that we're making in pursuit of our growth agenda. 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 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 that are on the screen and that are contained in our SEC filings. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today, July 18, 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.