Starbucks' CEO Discusses F1Q 2014 Results - Earnings Call Transcript

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Starbucks Corporation (NASDAQ:SBUX) F1Q 2014 Results Earnings Call January 23, 2014 5:00 PM ET


JoAnn DeGrande - Vice President, Investor Relations

Howard Schultz - Chairman, President and CEO

Troy Alstead - Chief Financial Officer

John Culver - Group President, China, Asia Pacific and Channel Development and Emerging Brands

Adam Brotman - Chief Digital Officer

Curt Garner - Chief Information Officer


Joe Buckley - Bank of America Merrill Lynch

John Ivankoe – JPMorgan

Sara Senatore – Sanford Bernstein

Jeffrey Bernstein - Barclays Capital

Michael Kelter - Goldman Sachs

Matt DiFrisco - Buckingham Research

John Glass - Morgan Stanley

David Palmer - RBC Capital Markets

Jason West - Deutsche Bank

Andy Barish - Jefferies

Keith Siegner - UBS

Will Slabaugh - Stephens

David Tarantino - Robert W. Baird

Diane Geissler - CLSA

Karen Holthouse - Credit Suisse


Good afternoon. My name is Mike, and I will be your conference operator today. At this time, I would like to welcome everyone to Starbucks Coffee Company’s First Quarter Fiscal Year 2014 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. (Operator Instructions)

Thank you. Ms. DeGrande, you may begin your conference.

JoAnn DeGrande

Thanks, Mike. Good afternoon. This is JoAnn DeGrande, Vice President of Investor Relations for Starbucks Coffee Company. Joining me on the call to discuss our Q1 results are Howard Schultz, Chairman, President and CEO; and Troy Alstead, CFO. And also with us today are John Culver, Group President, China, Asia Pacific and Channel Development and Emerging Brands; Adam Brotman, Chief Digital Officer; and Curt Garner, Chief Information Officer.

This conference call will include forward-looking statements, which are subject to various risks and uncertainties that could cause our actual results to differ materially from

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