Durga Doraisamy | VP, IR |
Kevin Johnson | President and CEO |
Pat Grismer | CFO |
Roz Brewer | COO and Group President, Americas |
John Culver | Group President, International, Channel Development and Global Coffee, Tea & Cocoa |
Rachel Ruggeri | SVP, Finance, Americas |
John Glass | Morgan Stanley |
Sharon Zackfia | William Blair |
David Palmer | Evercore ISI |
John Ivankoe | JPMorgan |
Sara Senatore | Bernstein |
Jeffrey Bernstein | Barclays |
Andrew Charles | Cowen |
David Tarantino | Robert W. Baird |
Dennis Geiger | UBS |
Jon Tower | Wells Fargo |
Chris O'Cull | Stifel |
Good afternoon, my name is Hector, and I will be your conference operator today. I would like to welcome everyone to Starbucks Coffee Company's Conference Call. All lines have been placed on mute to prevent any background noise. After a brief introduction, we'll go directly to question-and-answer session. [Operator Instructions] I would like to turn the call over now to Durga Doraisamy, Vice President, Investor Relations.