Starbucks Investor Relations

SEC Filings

10-Q
STARBUCKS CORP filed this Form 10-Q on 07/30/2013
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All Other Segments
 
 
Quarter Ended
 
Three Quarters Ended
 
Jun 30,
2013
 
Jul 1,
2012
 
%
Change
 
Jun 30,
2013
 
Jul 1,
2012
 
%
Change
Total net revenues
$
107.9

 
$
52.2

 
106.7
 %
 
$
288.2

 
$
156.5

 
84.2
 %
Cost of sales
66.5

 
38.3

 
73.6

 
172.5

 
106.5

 
62.0

Store operating expenses
21.3

 

 
100.0

 
44.4

 

 
100.0

Other operating expenses
16.2

 
18.1

 
(10.5
)
 
56.6

 
52.7

 
7.4

Depreciation and amortization expenses
3.6

 
0.7

 
414.3

 
7.9

 
1.7

 
364.7

General and administrative expenses
9.7

 
4.6

 
110.9

 
24.8

 
14.4

 
72.2

Total operating expenses
117.3

 
61.7

 
90.1

 
306.2

 
175.3

 
74.7

Income from equity investees

 
0.4

 
(100.0
)%
 

 
0.3

 
(100.0
)%
Operating loss
$
(9.4
)
 
$
(9.1
)
 
3.3
 %
 
$
(18.0
)
 
$
(18.5
)
 
(2.7
)%
All Other Segments includes Teavana, Seattle's Best Coffee, Evolution Fresh, Tazo Retail and Digital Ventures.
Total net revenues for All Other Segments for the third quarter and the first three quarters of fiscal 2013 increased $56 million and $132 million, respectively, primarily due to incremental revenues from the acquisition of Teavana in the second quarter of fiscal 2013 (approximately $51 million for the third quarter and approximately $111 million for the first three quarters).
Total operating expenses increased $56 million and $131 million for the third quarter and the first three quarters of fiscal 2013, respectively, primarily due to incremental expenses from the acquisition of Teavana.


Fiscal Third Quarter 2013 Store Data
Our store data for the periods presented is as follows:
 
 
Net stores opened/(closed) during the period
 
 
 
 
 
Quarter Ended
 
Three Quarters Ended
 
Stores open as of
 
Jun 30,
2013
 
Jul 1,
2012
 
Jun 30,
2013
 
Jul 1,
2012
 
Jun 30,
2013
 
Jul 1,
2012
Americas
 
 
 
 
 
 
 
 
 
 
 
Company-operated stores (1)
63

 
49

 
115

 
83

 
7,958

 
7,692

Licensed stores (1)
95

 
35

 
225

 
169

 
5,195

 
4,865

 
158

 
84

 
340

 
252

 
13,153

 
12,557

EMEA
 
 
 
 
 
 
 
 
 
 
 
Company-operated stores (2)
1

 
2

 
(23
)
 
7

 
859

 
879

Licensed stores (2)
42

 
34

 
95

 
71

 
1,082

 
957

 
43

 
36

 
72

 
78

 
1,941

 
1,836

China / Asia Pacific
 
 
 
 
 
 
 
 
 
 
 
Company-operated stores
48

 
32

 
161

 
95

 
827

 
607

Licensed stores
71

 
80

 
230

 
221

 
2,858

 
2,555

 
119

 
112

 
391

 
316

 
3,685

 
3,162

All Other Segments
 
 
 
 
 
 
 
 
 
 
 
Company-operated stores
27

 
(2
)
 
336

 

 
350

 
14

Licensed stores
(6
)
 
1

 
4

 
2

 
80

 
82

 
21

 
(1
)
 
340

 
2

 
430

 
96

 
 
 
 
 
 
 
 
 
 
 
 
Total Company
341

 
231

 
1,143

 
648

 
19,209

 
17,651

 

27

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