Ross Stores (ROST) Barbara Rentler on Q1 2015 Results - Earnings Call Transcript

May 21, 2015 8:39 PM ETRoss Stores, Inc. (ROST)
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Ross Stores, Inc. (NASDAQ:ROST) Q1 2015 Earnings Call May 21, 2015 4:15 PM ET

Executives

Barbara Rentler - Chief Executive Officer & Director

Michael J. Hartshorn - Senior VP, Chief Financial & Accounting Officer

Michael B. O'Sullivan - Co-President, Chief Operating Officer & Director

Analysts

Ike B. Boruchow - Sterne Agee CRT

Matthew Robert Boss - JPMorgan Securities LLC

Randal J. Konik - Jefferies LLC

Daniel H. Hofkin - William Blair & Company, L.L.C.

Stephen W. Grambling - Goldman Sachs & Co.

Lorraine Maikis Hutchinson - Bank of America Merrill Lynch

Oliver Chen - Cowen and Company, LLC

Michael Baker - Deutsche Bank Securities, Inc.

Laura Champine - Cantor Fitzgerald Securities

Karyn O'Brien - Nomura Securities International, Inc.

Jeff S. Stein - Northcoast Research Partners LLC

Patrick G. McKeever - MKM Partners LLC

Kimberly Conroy Greenberger - Morgan Stanley & Co. LLC

Anne-Charlotte Windal - Sanford C. Bernstein & Co. LLC

Marni Shapiro - The Retail Tracker

Operator

Good afternoon, and welcome to the Ross Stores First Quarter 2015 Earnings Release Conference Call. The call will begin with prepared comments by management, followed by a question-and-answer session.

Before we get started, on behalf of Ross Stores, I would like to note that the comments made on this call will contain forward-looking statements regarding expectations about future growth and financial results, including sales and earnings forecasts and other matters that are based on the company's current forecasts of aspects of its future business. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from historical performance or current expectations. Risk factors are included in today's press release and the company's fiscal 2014 Form 10-K, and fiscal 2015 Form 8-Ks, on file with the SEC.

Now, I'd like to turn the call over to Barbara Rentler, Chief

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