Starbucks' Management Presents at Morgan Stanley Global Consumer Conference (Transcript)

Nov. 19, 2013 1:20 PM ETStarbucks Corporation (SBUX)
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Starbucks Corporation (NASDAQ:SBUX) Morgan Stanley Global Consumer Conference Call November 19, 2013 8:00 AM ET

Executives

Troy Alstead – Group President-Global Business Services and Chief Financial Officer

Cliff Burrows – Group President-Americas, Europe, Middle East and Africa and Teavana

Analysts

John S. Glass – Morgan Stanley & Co. LLC

John S. Glass – Morgan Stanley & Co. LLC

Good morning, everyone. On behalf of the Morgan Stanley Research Team, I’d like to welcome you to our 16th Annual Global Consumer Conference. My name is John Glass, I cover the restaurants. And over the next day and a half, you are going to have an opportunity to meet many of my colleagues in research as well as some of the leading consumer staples and discretionary companies in the world.

Just looking down today’s schedule you will get a sense of the breadth of the conference. Starting with Starbucks this morning but then quickly going to Procter & Gamble. Luxury goods maker, Michael Kors. Then Lorillard. In between those presentations we are going to have a few of our own. Starting today at lunch, our strategist Adam Parker is going to lead a panel including the analysts talking about best ideas as well as equity strategy.

Later in the day there is going to be a panel lunch shareholder activism, and finishing the day there is going to be a panel from our trading group talking about consumer trading. I am going to end the entire day with a cocktail party at 5 O’clock, somewhere out in the lobby out there.

A couple of notes on logistics; the sessions are held in this room and the room adjacent. All the breakout sessions are held down at the end of the hallways on the same floor. Then if you do have a one-on-one they are on

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