AZO: "Our most difficult quarterly comparison in a long time"

Executives

William T. Giles - Chief Financial Officer, Executive Vice President of Information Technology, Finance & Store Development and Treasurer

Unknown Executive -

William C. Rhodes - Chairman of the Board, Chief Executive Officer and President

Analysts

Patrick Palfrey - RBC Capital Markets, LLC, Research Division

Christopher Horvers - JP Morgan Chase & Co, Research Division

Alan M. Rifkin - Barclays Capital, Research Division

Gary Balter - Crédit Suisse AG, Research Division

Matthew J. Fassler - Goldman Sachs Group Inc., Research Division

John R. Lawrence - Morgan Keegan & Company, Inc., Research Division

Aram Rubinson - Nomura Securities Co. Ltd., Research Division

Kate McShane - Citigroup Inc, Research Division

Simeon Gutman - Crédit Suisse AG, Research Division