Whole Foods Markets, Inc. F3Q08 (Qtr End 07/06/08) Earnings Call Transcript

Aug. 05, 2008 10:25 PM ETAmazon.com, Inc. (AMZN)
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Whole Foods Markets, Inc. (WFMI) Q3 2008 Earnings Call August 5, 2008 5:00 PM ET


John Mackey – CEO

Walter Robb – Co-President & COO

A.C. Gallo – Co-President & COO

Glenda Chamberlain – Executive VP & CFO

Jim Sud – Executive VP Growth & Business Development

Cindy McCann – VP Investor Relations


Simeone Gutman – Goldman Sachs

Edward Aaron – RBC Capital Markets

Edward Kelly – Credit Suisse

Meredith Adler – Lehman Brothers

Greg Badishkanian - Citigroup

Mark Wiltamuth – Morgan Stanley

Neil Currie – UBS

Susan Price – Think Equity Partners

Andrew Wolf – BB&T Capital Markets

Scott Mushkin – Jeffries & Company


Good day and welcome to the Whole Foods Markets teleconference. (Operator Instructions) At this time I’d like to turn it over to your speaker, John Mackey; please go ahead.

John Mackey

Good afternoon. Joining me today are Walter Robb and A.C. Gallo, Co-Presidents and Chief Operating Officers; Glenda Chamberlain, Executive Vice President and Chief Financial Officer; Jim Sud, Executive Vice President of Growth and Business Development; and Cindy McCann, Vice President of Investor Relations.

First for the legalities. The following constitutes the Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Except for the historical information contained herein and the matters discussed in this press release are forward-looking statements that involve risk and uncertainties which could cause our actual results to differ materially from those described in the forward-looking statements.

These risks include but are not limited to general business conditions, the successful integration of acquired businesses into our operations, changes in the overall economic conditions that impact consumer spending, the impact of competition, changes in the availability of capital, successful resolution of ongoing FTC matters, and other risks detailed from time to time in the SEC reports of Whole Foods Market including Whole Foods

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