And please note: this conference call transcript is a Seeking Alpha product, so feel free to link to it but reproduction is not permitted without the explicit permission of Seeking Alpha. Executives Howard Schultz, Chairman and Chief Global Strategist James L. Donald, President and Chief Executive Officer Michael Casey, Executive Vice President, Chief Financial Officer and Chief Administrative Officer JoAnn DeGrande, Director of Investor Relations Mary Ekman, Vice President, Corporate Development and Investor Relations Analysts Ashley Woodruff, Bear Stearns Mark Kalinowski, Buckingham Research Jeffrey Bernstein, Lehman Brothers Larry Miller, Prudential Matthew Difrisco, Thomas Weisel Partners Craig Bibb, WR Hambrecht John Glass, CIBC Sharon Zackfia, William Blair David Palmer, UBS Dan Geiman, McAdams Wright Ragen Kristine Koerber, JMP Securities Operator Good afternoon. My name is Wes and I will be your conference facilitator.