Starbucks Corp (LIM:SBUX)

$ 100.7 0 (0%) Market Cap: 111.29 Bil Enterprise Value: 133.55 Bil PE Ratio: 30.24 PB Ratio: 0 GF Score: 83/100

Starbucks Corp at Morgan Stanley Global Consumer and Retail Conference Transcript

Dec 03, 2019 / 01:00PM GMT

Release Date Price: $73.75

Transcript

John Stephenson Glass

Morgan Stanley, Research Division - MD

Good morning, everyone. Thanks for joining us. My name is John Glass. I'm the restaurant analyst at Morgan Stanley. And on behalf of all my colleagues at Morgan Stanley, welcome to our Global Consumer Conference. I was going to say welcome to our 25th Global Consumer Conference. It may or may not be, we don't know, but it's been here a long time. And so I appreciate it. Now we did move it back this year in the calendar to December to accompany -- to accommodate some of the retail companies. Hopefully, that's productive for you. So I thank you for your attendance. I also particularly appreciate both yours and companies' attendance, given the weather and the challenges that presented.

It's also my pleasure to introduce our first company at the conference, Starbucks. I'm going to turn over the podium in a moment to Pat Grismer, the CFO, but I've had the pleasure of following Starbucks nearly from its IPO and watched this company grow from a 200 or 300 unit -- back then we called it a retailer, to really the global behemoth that it is

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