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Starbucks' (SBUX) CEO Kevin Johnson on Q1 2022 Results - Earnings Call Transcript

Feb. 01, 2022 8:47 PM ETStarbucks Corporation (SBUX)
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Starbucks Corporation (NASDAQ:SBUX) Q1 2022 Earnings Conference Call February 1, 2022 5:00 PM ET

Company Participants

Tiffany Willis – Vice President-Investor Relations

Kevin Johnson – President and Chief Executive Officer

Rachel Ruggeri – Executive Vice President and Chief Financial Officer

John Culver – Group President-North America and Chief Operating Officer

Leo Tsoi – Chief Executive Officer-Starbucks China

Conference Call Participants

Jeffrey Bernstein – Barclays

Jared Garber – Goldman Sachs

Andrew Charles – Cowen

Sara Senatore – Bank of America

John Glass – Morgan Stanley

Lauren Silberman – Credit Suisse

David Tarantino – Baird

Andrew Barish – Jefferies

John Ivankoe – JPMorgan

David Palmer – Evercore ISI


Good afternoon. My name is Alex, and I will be your conference operator today. I would like to welcome everyone to Starbucks First Quarter Fiscal Year 2022 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]

I would now like to turn the conference over to Tiffany Willis, Vice President of Investor Relations. Ms. Willis, you may now begin your conference.

Tiffany Willis

Good afternoon, everyone, and thank you for joining us today to discuss Starbucks first quarter fiscal year 2022 results. Today's discussion will be led by Kevin Johnson, President and CEO; and Rachel Ruggeri, Executive Vice President and CFO. And for Q&A, we will be joined by John Culver, Group President of North America and Chief Operating Officer; Michael Conway, Group President of International and Channel Development; and Leo Tsoi, Chief Executive Officer of Starbucks China.

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 these statements. Any such statements should be considered in conjunction with cautionary statements in our

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