HBC - Hudson's Bay Company - Q1 2013 Earnings Call Transcript

    Company Name:Hudson's Bay Company
    Event Title:Q1 2013 Earnings Call Transcript
    Event Date:12-Jun-2013
    Event Time:08:30 AM ET



    Good day ladies and gentlemen and welcome to the Hudson's Bay Company Presents Q1 Earnings Conference Call.

    At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session and instructions will follow at that time. [Operator Instructions]. I would now like to introduce your host of today's conference call Mr. Lucas Evans. You may begin sir.

    Lucas Evans

    Senior Vice President and Treasurer
    Good morning. My name is and HBC's Senior Vice President, Treasurer and Head of Investor Relations.

    With me today are Richard Baker, the company's Governor and CEO; and Mike Culhane our CFO. As always, we will focus our commentary on the company's continuing operations and generally keep discussion to the high level in order to move questions and answers in a timely fashion.

    Complete financial, which include results from our discontinued operations are available both on SEDAR at www.sedar.com and our own website, www.hbc.com.

    Before we begin, allow me to provide the disclaimer regarding forward-looking statements.

    Certain statements made during this conference call regarding HBC's current and future plans, expectations and intentions, results, levels of activity, the performance, goals or achievements or any other future events or development constitute forward-looking statements. Forward-looking statements are based on estimates and assumptions made by HBC in light of its experience and perception of historical trends, current conditions and expected future development as well as other factors that the company believes are appropriate and reasonable in the circumstances.

    However, there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause HBC's actual results, level of activity, performance or achievements or future events developments to differ materially from those expressed or implied by the forward-looking statements.

    For a discussion of this factors, we refer you to the Risk Factors set forth in the company's MD&A for the 13 week period ended May 4, 2013, which is available both on SEDAR and our own website. Listeners should not place undue reliance on forward-looking statements made on this call. Finally, I should note that unless otherwise stated, all financial discussions during this conference call utilize Canadian dollars.

    I would not like to pass the call over to over to Richard Baker.

    Richard Baker

    Governor, Chief Executive Officer
    Good morning and welcome.

    While today's first quarter represents only a small portion of HBC's annual business, we are nonetheless pleased by the fashion in which we have begun 2013. We have achieved excellent same-store sales growth at Hudson's Bay and continue to set the standard for our peers.

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