PNRA On The Call: "Another quarter of great operating leverage."

Executives

Michele Harrison � VP, IR

William Moreton � President and CEO

Jeffrey Kip � SVP and CFO

Analysts

David Tarantino � Robert W Baird

Joseph Buckley � Bank of America/Merill Lynch

Matthew DiFrisco � Lazard Capital Markets

John Glass � Morgan Stanley

Michael Kelter � Goldman Sachs

Jeff Bernstein � Barclays Capital

Christopher O�Cull � SunTrust Bank

Brian Bittner � Oppenheimer

Jason West � Deutsche Bank

Nicole Miller � Piper Jaffray

Sharon Zackfia � William Blair

Phillip Juhan � BMO Capital Markets

Mitchell Speiser � Buckingham Research

Nick Setyan � Wedbush Securities

Stephen Anderson � Miller Tabak

Robert Derrington � Morgan Keegan

Bart Glenn � DA Davidson