Starbucks Corporation (SBUX) CEO Kevin Johnson on Q4 2020 Results – Earnings Call Transcript

Starbucks Corporation (NASDAQ:SBUX) Q4 2020 Earnings Conference Call October 29, 2020 5:00 PM ET

Company Participants

Durga Doraisamy – Vice President-Investor Relations

Kevin Johnson – President and Chief Executive Officer

Pat Grismer – Chief Financial Officer

Roz Brewer – Chief Operating Officer and Group President Americas

John Culver – Group President, International, Channel Development and Global Coffee, Tea & Cocoa

Conference Call Participants

John Ivankoe – JP Morgan

Jeffrey Bernstein – Barclays

John Glass – Morgan Stanley

Sara Senatore – Bernstein

David Tarantino – Baird

Andrew Charles – Cowen

Chris O’Cull – Stifel

David Palmer – Evercore ISI

Gregory Francfort – Bank of America

Katherine Fogertey – Goldman Sachs

Dennis Geiger – UBS

Andrew Strelzik – BMO Capital Markets


Good afternoon, my name is Devin, and I will be your conference operator today. I would like to welcome everyone to Starbucks Coffee Company’s Fourth Quarter and Fiscal Year 2020 Conference Call. [Operator Instructions]

I would like to turn the call over now to Durga Doraisamy, Vice President of Investor Relations. Ms. Doraisamy, you may now begin the conference.

Durga Doraisamy

Good afternoon, everyone and thank you for joining us today to discuss our fourth quarter and fiscal year 2020 results. Today’s discussion will be led by Kevin Johnson, President and CEO; and Pat Grismer, CFO. And for Q&A, we will be joined by Roz Brewer, Chief Operating Officer and Group President, Americas; John Culver, Group President, International, Channel Development and Global Coffee, Tea & Cocoa.

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 and quarterly report on Form 10-Q.