Q3 2012 Earnings Call Transcript

Transcript Call Date 11/13/2012

Operator: Good afternoon, ladies and gentlemen. Welcome to the Shoppers Drug Mart Third Quarter Analysts Conference Call. Please note that this call is being webcasted live and will also be archived on the Shoppers Drug Mart website.

I would now like to turn the meeting over to Mr. John Caplice, Senior Vice President, Treasurer, Investor Relations. Please go ahead, Mr. Caplice.

John Caplice - SVP, Treasurer & IR: Thank you, operator, and good afternoon, everyone. My name is John Caplice and on behalf of Shoppers Drug Mart Corporation, I would like to welcome all of you to our third quarter conference call. With me on the call today are Domenic Pilla, President and Chief Executive Officer of Shoppers Drug Mart Corporation; and Brad Lukow, Executive Vice President and Chief Financial Officer.

Before we begin, I would like to remind everyone that, participants in today's discussion maybe making certain statements containing forward-looking information with respect to the Company's future operating and financial results, its capital expenditure plans, dividend and shareholder distribution policies, and the ability to execute on its future operating, investing, and financing strategies.

These forward-looking statements are based on management's current assumptions, beliefs and expectations. Inherent in these and any other forward-looking statements are known and unknown risks, uncertainties, and other factors beyond the Company's ability to control or predict, which give rise to the possibility that the Company's predictions, forecasts, expectations, or conclusions will not prove to be accurate, that its assumptions may not be correct, and that the Company's plans, objectives, and statements will not be achieved. We want to caution you that actual results or developments may differ materially from those contemplated by these forward-looking statements.

Certain of the material risk factors and material assumptions that could cause actual results or developments to differ from expectations are contained in our third quarter earnings release that was issued earlier today.

Further information regarding these and other material risk factors and material assumptions is included in the Company's public filings with provincial securities regulatory authorities including, without limitation, those described under the headings 'Risks and Risk Management' and risks associated with financial instruments in the Company's Management's Discussion and Analysis for the 52-week period ended December 31, 2011, for the 12-week period ended March 24, 2012 and for the 12 and 24-week periods ended June 16, 2012.

Any forward-looking information provided in the context of today's discussion represents the Company's views only as of today's date. Forward-looking information and statements contained in this discussion about prospective results of operations, financial position or cash flows that are based upon assumptions of their future economic conditions and courses of actions are presented for the purpose of assisting the Company's shareholders in understanding management's current views with regard for those future outcomes and may not be appropriate for other purposes.

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