Williams-Sonoma Management Discusses Q2 2012 Results - Earnings Call Transcript

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

Presentation

Operator

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.

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