Tom Shaw | Starbucks Corp. |
Kevin Johnson | Starbucks Corp. |
Rosalind G. Brewer | Starbucks Corp. |
John Culver | Starbucks Corp. |
Scott Maw | Starbucks Corp. |
Matthew Ryan | Starbucks Corp. |
John William Ivankoe | JPMorgan Securities LLC |
Jeffrey A. Bernstein | Barclays Capital, Inc. |
David E. Tarantino | Robert W. Baird & Co., Inc. |
Sara Harkavy Senatore | Sanford C. Bernstein & Co. LLC |
John Glass | Morgan Stanley & Co. LLC |
Matthew DiFrisco | Guggenheim Securities LLC |
Andrew Charles | Cowen & Co. |
Karen Holthouse | Goldman Sachs & Co. LLC |
Dennis Geiger | UBS Securities LLC |
Gregory R. Francfort | Bank of America Merrill Lynch |
Matthew Robert McGinley | Evercore ISI |
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 Fourth Quarter and Fiscal Year End 2018 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.