ANN INC (ANN) Q2 2012 Earnings Call August 17, 2012 8:30 am ET Executives Judith Lord Katherine Lawther Krill - Chief Executive Officer, President and Executive Director Michael J. Nicholson - Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Treasurer Analysts Kimberly C. Greenberger - Morgan Stanley, Research Division Dana Lauren Telsey - Telsey Advisory Group LLC Roxanne Meyer - UBS Investment Bank, Research Division Janet Kloppenburg Lorraine Maikis Hutchinson - BofA Merrill Lynch, Research Division Brian J. Tunick - JP Morgan Chase & Co, Research Division Anna A. Andreeva - FBR Capital Markets & Co., Research Division Robin S. Murchison - SunTrust Robinson Humphrey, Inc., Research Division Marni Shapiro - The Retail Tracker Betty Y. Chen - Wedbush Securities Inc., Research Division PresentationOperator
Good morning, ladies and gentlemen, and welcome to the ANN INC.'s Second Quarter 2012 Earnings Conference Call. At the request of the company, today's call is being recorded. [Operator Instructions] Following the prepared remarks by the company, you will have the opportunity to ask questions. I would now like to turn the call over to Judy Lord, Vice President, Investor Relations. Please go ahead. Judith Lord Good morning, everyone. We're very pleased you could join us this morning to review our results for the second quarter of fiscal 2012. I'm here this morning with Kay Krill, ANN INC.'s President and CEO; and Mike Nicholson, our CFO. Kay will begin with an overview of the quarter and a brief update on our strategic initiatives, followed by Mike, who will discuss our financial results and outlook. After that, we'll open it up for your questions.