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Starbucks (SBUX) Howard S. Schultz on Q2 2016 Results - Earnings Call Transcript

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Starbucks Corp. (NASDAQ:SBUX) Q2 2016 Earnings Call April 21, 2016 5:00 PM ET


Durga Doraisamy - Director of Investor Relations

Howard S. Schultz - Chairman & Chief Executive Officer

Kevin R. Johnson - President, Chief Operating Officer & Director

Scott Harlan Maw - Executive Vice President and Chief Financial Officer

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

Clifford Burrows - Group President-Americas, US & Teavana Region

Adam B. Brotman - Chief Digital Officer

Matthew Ryan - Executive Vice President, Global Chief Strategy Officer


David Palmer - RBC Capital Markets LLC

John William Ivankoe - JPMorgan Securities LLC

Joseph Terrence Buckley - Bank of America Merrill Lynch

Keith R. Siegner - UBS Securities LLC

John Glass - Morgan Stanley & Co. LLC

Andrew Charles - Cowen & Co. LLC

Nicole M. Miller Regan - Piper Jaffray & Co (Broker)

Jeffrey Bernstein - Barclays Capital, Inc.

David E. Tarantino - Robert W. Baird & Co., Inc. (Broker)

Jason West - Credit Suisse Securities (USA) LLC (Broker)

Andrew Marc Barish - Jefferies LLC

Karen Holthouse - Goldman Sachs & Co.

Matthew DiFrisco - Guggenheim Securities LLC

R.J. Hottovy - Morningstar, Inc. (Research)


Good afternoon. My name is Connor, and I'll be your conference operator today. At this time, I would like to welcome everyone to Starbucks Coffee Company's Second Quarter Fiscal Year 2016 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. Thank you.

Ms. Doraisamy, you may begin your conference.

Durga Doraisamy - Director of Investor Relations

Good afternoon, everyone. This is Durga Doraisamy, Director of Investor Relations for Starbucks Coffee Company. Thank you for joining us today to discuss our second quarter 2016 results which will be led by Howard Schultz, Chairman

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Comments (6)

murjames profile picture
I wonder if SBUX will have all day breakfasts like McDonalds? Might be another source of income.
TAS profile picture
For a long time, the Starbucks I have visited over several states from Arizona to New York have generally been dirty, poorly served (incorrect orders constantly). Their foodstuffs are calorie-laden preservative rich truck stop fare.

I know the company is highly profitable and the CEO is a legend. But when do people finally decide that waiting in a line for, in essence, is not so well manufactured and delivered product is a waste of time and money?

My visits have been reduced to ordering house blend coffee.
I like the prepaid card idea. The breakfast sandwich is actually my favorite Starbucks item.
Eugene Lee profile picture
I don't know if I've ever read a more bullish earnings transcript
murjames profile picture
Buy SBUX on the dips as it will head higher
SBUX is my biggest position. With the AH decline, I am considering adding more shares.
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