Starbucks' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Starbucks (SBUX)

Q2 2012 Earnings Call

April 26, 2012 5:00 pm ET

Executives

JoAnn DeGrande -

Howard D. Schultz - Founder, Chairman, Chief Executive Officer and President

Troy Alstead - Chief Financial Officer, Principal Accounting Officer and Chief Administrative Officer

Jeffery J. Hansberry - President of Starbucks Channel Development, Seattle's Best Coffee

Clifford Burrows - President of Starbucks Coffee Americas and US

Analysts

Keith Siegner - Crédit Suisse AG, Research Division

John W. Ivankoe - JP Morgan Chase & Co, Research Division

Gregory R. Badishkanian - Citigroup Inc, Research Division

John S. Glass - Morgan Stanley, Research Division

Jason West - Deutsche Bank AG, Research Division

Michael Kelter - Goldman Sachs Group Inc., Research Division

Sara H. Senatore - Sanford C. Bernstein & Co., LLC., Research Division

David Palmer - UBS Investment Bank, Research Division

Sharon Zackfia - William Blair & Company L.L.C., Research Division

Bonnie Herzog - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Good afternoon. My name is Mike, and I will be your conference operator today. At this time, I would like to welcome everyone to the Starbucks Coffee Company's Second Quarter Fiscal Year 2012 Earnings Conference Call. [Operator Instructions] Ms. DeGrande, you may begin your conference.

JoAnn DeGrande

Thank you, Mike. Good afternoon. This is JoAnn DeGrande, Director of Investor Relations for Starbucks Coffee Company. Joining me on the call today is Howard Schultz, Chairman, President and CEO; and Troy Alstead, CFO.

Before we get started, I'd like to remind you that 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 earnings release and risk factor discussions in our filings with the SEC, including our last annual report on Form 10-K.

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