Williams-Sonoma (WSM) Q2 2012 Earnings Call August 21, 2012 5:00 pm ET Executives Stephen C. Nelson - Vice President of Investor Relations Laura J. Alber - Chief Executive Officer, President, Director and Member of Incentive Award Committee Julie P. Whalen - Chief Financial Officer, Executive Vice President, Principal Accounting Officer, Corporate Controller and Treasurer Patrick J. Connolly - Chief Marketing Officer, Executive Vice President and Director Analysts Matthew J. Fassler - Goldman Sachs Group Inc., Research Division Peter S. Benedict - Robert W. Baird & Co. Incorporated, Research Division Matthew McGinley - ISI Group Inc., Research Division Joseph I. Feldman - Telsey Advisory Group LLC Budd Bugatch - Raymond James & Associates, Inc., Research Division David G. Magee - SunTrust Robinson Humphrey, Inc., Research Division Kate McShane - Citigroup Inc, Research Division Jason Smith Brian W. Nagel - Oppenheimer & Co. Inc., Research Division Alan M. Rifkin - Barclays Capital, Research Division Bradley B. Thomas - KeyBanc Capital Markets Inc., Research Division Marni Shapiro PresentationOperator
Ladies and gentlemen, thank you for standing by. Welcome to the Williams-Sonoma, Inc. Second Quarter 2012 Earnings Conference Call. [Operator Instructions] This conference is being recorded. I would like to turn the call over to Steve Nelson, Vice President of Investor Relations to discuss non-GAAP measures and forward-looking statements. Stephen C. Nelson Good afternoon. This afternoon's call should be considered in conjunction with the press releases that we issued earlier today. Our earnings press release and this call contain non-GAAP financial measures that exclude the impact of unusual business events. These non-GAAP financial measures are provided to facilitate meaningful year-over-year comparisons. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures and an explanation of why these non-GAAP financial measures are useful are discussed in Exhibit 1 and elsewhere in the earnings release.