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your confidence on your line of sight to return to margin expansion over time if the comps weren't necessarily to return to mid-single digits
beyond the macro, if there's anything that's been self-inflicted that you could perhaps address
maybe that's a potential risk to the historical 1% to 2% pizza category growth if we see again all the big burger and chicken players more sustainably pushing value
just wondering if you have any initial thoughts that you can share in your confidence in reaccelerating that international unit growth
should we assume a similar sequential growth rate acceleration for Uber or for DoorDash, I should say
whether that fatigue persists or whether now it's more just a challenging macro
the delivery side of your business, I would think it's less about value with the surcharges and tips
is it fair to assume you think fiscal 2027 growth is in line with your long-term algorithm
I am wondering how you think about what is preventing the greater EPS upside
where LongHorn sits or where I know you don't dictate it
Was wondering whether you would assume or you are assuming that that continues
whether you'd consider a next brand to embrace that 1P Uber delivery
any color you could share on your confidence in raising that guide
talk a little bit more about that increased confidence in waiting into the more value or more affordability side of things
how do you think the industry is thinking about discounting versus prior
I'm just wondering broadly for yourselves or the industry, why do you think that is?
I’m just getting a lot of questions around maybe the increasing GLP-1 impact that might have an impact on kind of higher end brands
just why with two quarters remaining would you tighten it to such a specific price point?
I'm wondering if you can offer some color on the primary issue in terms of not being well run enough or perhaps the value menu is not profitable enough
the barbell strategy. We talked a lot about value. So I was hoping, at least in the U.S., you could share some color
do you see that scenario playing out where you could actually benefit from both ends kind of converging
How would you describe those discussions with franchisees especially around value in the U.S.
Minecraft in April, Crispy Chicken in May, Snack Wrap to follow
a different question, you said that you'd noticed maybe a sluggish start to 2025
the long-term algo you put out there through fiscal '28 pretty much assumed 25%-plus type EPS growth
the rate of reacceleration in the U.S. and two, kind of how you think about the opportunity over time
if you can share any thoughts on fiscal '26 and longer term, whether there's any guardrails you can share today
what do you perceive as the greatest challenge among those? It does seem like based on your comments, maybe these things aren't concerns internally
Perhaps it got more attention in your prior roles. I was wondering if you can share metrics in your first month, how you think about the ROIC framework at Starbucks
the doubling, I guess caught me by surprise that was above my expectation in terms of the total addressable market
I'm wondering if you can just share what investor feedback you've gotten in terms of the primary drivers of that concern
Wondering how you think about the underlying fundamental momentum, whether you place greater credibility on the 1 or 2-year
Is it correct to assume you're assuming no change in trend from where you were running in the second quarter?
I think you mentioned that October was weaker than September, yet Sysco going in the opposite direction, which is encouraging. Just wondering if there's any particular drivers of the industry weakness
just wondering what do you attribute in terms of the broader industry that gives you confidence in sustaining the momentum over the next 12 months?
you lowered the top line by one percent or so. One to two percent, actually, but you took down the EPS guidance by five percent plus
Can you share any color in terms of the case growth that you're assuming for the back half of the year
what's the greatest risk to this assumed acceleration, if in a quarter or 2, for some reason, it doesn't play out as expected
do you think QSR positioning has changed at all? Or should QSR again be the beneficiary in the more challenged macro?
your thoughts on the existing portfolio's ability to achieve the prior long-term algorithm It sounds like you're framing it as this potential upside as you focus on the two core brands
how you think about that G&A line item