Fiscal Year 2017 Targets as provided on the Q2 FY17 Earnings Call (4/27/2017)

All targets are for the full fiscal year 2017 unless otherwise indicated.  All growth targets are relative to non-GAAP 52-week fiscal year 2016.  

For a complete reconciliation of GAAP to non-GAAP financials and a reconciliation of fiscal year 2016 53-week to 52-week financials, please see the reconciliation documents located on the Supplemental Financial Data page of our website.

Consolidated Net New Stores ~2,100
   Americas ~800, 1/2 licensed
   CAP ~1,000, 2/3 licensed
   EMEA ~300, virtually all licensed
Global Comparable Store Sales Growth Mid-single digits
Consolidated Revenue Growth 8% to 10% excluding ~2 points for the extra week in FY16 and ~1 point for FX  (FY16 = $20.9B)
Consolidated Operating Margin Slight improvement versus prior year (FY16 = 19.6%)
   Americas Slightly lower versus prior year (FY16 = 25.0%)
   CAP Moderate expansion versus prior year (FY16 = 23.1%)
   EMEA Approaching 15% (FY16 = 13.5%)
   Channel Development Strong improvement versus prior year (FY16 = 41.9%)
GAAP EPS Full Year = $2.06 to $2.10, Q3 = $0.54 to $0.55, Q4 = $0.56 to $0.59
Non-GAAP EPS Full Year = $2.08 to $2.12, Q3 = $0.55 to $0.56, Q4 = $0.57 to $0.60
Tax Rate ~ 34%
Capital Expenditures ~ $1.6 Billion

 

Forward-Looking Statement

This page includes forward-looking statements, which are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements.  Any such statements should be considered in conjunction with cautionary statements in our risk factor discussions in our filings with the SEC, including our last Annual Report on Form 10-K.  Starbucks assumes no obligation to update any of these forward-looking statements or information, which are made as of their respective dates.