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Press Releases

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Dec. 2, 2013- Starbucks Corporation (NASDAQ:SBUX) today announced that it has priced an underwritten public offering of senior notes. The company plans to use the net proceeds from the offering of $400 million of 0.875% Senior Notes due 2016 and $350 million of 2.000% Senior Notes due 2018 to fund a portion of the payment required by the previously announced arbitration award in the Kraft litigation matter. The remaining net proceeds from this offering will be used for general corporate purposes, which may include business expansion, payment of cash dividends on Starbucks common stock, the repurchase of common stock under the company's ongoing share repurchase program, or financing of possible acquisitions. The offering of the notes is expected to close on December 5, 2013 , subject to customary closing conditions. BofA Merrill Lynch, J.P. Morgan and Morgan Stanley are serving as the joint book-running managers of the offering. The offering is being made under an automatic shelf ...
12/02/13
Company to host conference call to discuss outcome Nov. 12, 2013- Starbucks Coffee Company (NASDAQ:SBUX) today issued the statement below from Troy Alstead, chief financial officer and group president, Global Business Services, regarding the conclusion of the company’s arbitration with Kraft over its packaged coffee business. The company will host a conference call to discuss the outcome of the arbitration at 6:00 am PT tomorrow morning (Wednesday, November 13, 2013), which will be webcast and can be accessed on the company’s website at http://investor.starbucks.com. “We are pleased the arbitration has ended; however, we strongly disagree with the arbitrator’s conclusion and that Kraft is entitled to $2.23 billion in damages plus $527 million in prejudgment interest and attorneys’ fees. We believe Kraft did not deliver on its responsibilities to our brand under the agreement, the performance of the business suffered as a result, and that we had a right to terminate the agreement ...
11/12/13
Nov. 5, 2013- Starbucks Corporation (NASDAQ:SBUX) today announced the company will present at the Morgan Stanley Global Consumer Conference in New York at 8:00 a.m. ET on Tuesday, November 19, 2013 . A live webcast of the presentation will be available at http://investor.starbucks.com. An archived webcast will also be available on Starbucks website, at the same URL. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com. © 2013 Starbucks Coffee Company . All rights reserved. Source: Starbucks Corporation Starbucks ...
11/05/13

Please refer to Starbucks Form 8K Filing on 11/13/13 for the impact of a subsequent event to Starbucks Q4 & FYE13 Statement of Earnings Revenue grows 13% to $3.8 billion with continued strong comp growth of 8% in the Americas and 7% globally Margins expand in all segments; consolidated operating margin reaches record 17.6% Board increases quarterly cash dividend 24% on strong performance and robust outlook Oct. 30, 2013- Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2013. Q4 Fiscal 2013 Highlights: Total net revenues increased 13% to $3.8 billion Global comparable store sales grew 7% driven by a 5% increase in traffic 8% comp growth in the Americas and the U.S. 2% comp growth in EMEA 8% comp growth in China/Asia Pacific Consolidated operating income increased 29% to $669 million Consolidated operating margin expanded 220 basis points to 17.6% Earnings per share ...
10/30/13
Oct. 24, 2013- Starbucks Corporation (NASDAQ: SBUX) now plans to release its fourth quarter and fiscal year end 2013 financial results after the market close on Wednesday, October 30, 2013 , with a conference call to follow at 2:00 p.m. PT . The conference call will be webcast and can be accessed on the company’s website: http://investor.starbucks.com. A replay of the webcast will be available on the company’s website until end of day Friday, November 29, 2013. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com. ...
10/24/13
Jul. 10, 2013- Starbucks Corporation (NASDAQ: SBUX) plans to release its third quarter fiscal year 2013 financial results after the market close on Thursday, July 25, 2013 , with a conference call and webcast to follow at 2:00 p.m. PT . The conference call will be broadcast live and can be accessed at http://investor.starbucks.com . A replay of the webcast will be available on the company’s website until end of day Friday, August 23, 2013 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com . Source: Starbucks ...
07/10/13
Jun. 5, 2013- Starbucks Corporation (NASDAQ:SBUX) today announced the company will present at the Jefferies 2013 Global Consumer Conference in Nantucket, MA at 9:30 a.m. ET on Tuesday, June 18, 2013 . A live webcast of the presentation will be available at http://investor.starbucks.com. An archived webcast will also be available on Starbucks website, at the same URL. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com. © 2013 Starbucks Coffee Company . All rights reserved. Source: Starbucks Coffee Company Starbucks
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06/05/13
May. 8, 2013- Starbucks Corporation (NASDAQ:SBUX) today announced the company will present at the Barclays Americas Select Franchise Conference in London at 7:30 a.m. local time on Wednesday, May 22, 2013 , and the Sanford C. Bernstein Strategic Decisions Conference at 10:00 a.m. ET on Wednesday, May 29, 2013 , in New York . A live webcast of both presentations will be available at http://investor.starbucks.com. An archived webcast will also be available on Starbucks website, at the same URL. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or ...
05/08/13
Starbucks to Support Expansion of GMCR’s Keurig Brewer Platform Beyond North America and Triple the Number of Starbucks Single Serve Pack SKUs for Keurig Brewers Over Time May. 8, 2013- Starbucks Coffee Company (NASDAQ: SBUX), the world’s largest coffee retailer, and Green Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ: GMCR), a leader in specialty coffee and coffeemakers, have signed an agreement that provides for the expansion of their successful partnership for the manufacturing, marketing, distribution, and sale of Starbucks- and Tazo-branded single serve packs for use in GMCR’s Keurig® single serve brewing systems globally. Starbucks and GMCR first entered into partnership in March 2011. Following a very successful product launch, Starbucks has shipped more than 850 million Starbucks® coffee K-Cup® packs. Today’s announcement recognizes the tremendous success of the Starbucks and GMCR strategic relationship, and both companies’ desire to broaden, deepen and significantly extend ...
05/08/13
Continued Strong Comparable Store Sales Growth of 7% in the US and 6% Globally Revenues Increase 11% to a Q2 Record $3.6 Billion; Operating Income Rises 26% Record Q2 EPS of $0.51 Includes $0.03 Non-Routine Gain Company Raises Full Year EPS Target Apr. 25, 2013- Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter and 26-week fiscal year to date ended March 31, 2013. Fiscal Second Quarter 2013 Highlights: Total net revenues increased 11% to $3.6 billion Global comparable store sales grew 6%, driven by a 4% increase in traffic and a 2% increase in average ticket, marking the 13th consecutive quarter of global comp growth greater than 5% Operating margin expanded 180 basis points to a Q2 record 15.3% Consolidated operating income grew 26% to $544 million Record Q2 EPS of $0.51 per share included a $0.03 non-routine gain on the sale of the company's equity in the joint venture that operates Starbucks stores in Mexico ; excluding ...
04/25/13
Apr. 10, 2013- Starbucks Corporation (NASDAQ: SBUX) plans to release its second quarter fiscal year 2013 financial results after the market close on Thursday, April 25, 2013 , with a conference call and webcast to follow at 2:00 p.m. PT . The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com . A replay of the webcast will be available on the company’s website until end of day Friday, May 24, 2013 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com . Source: ...
04/10/13
Apr. 4, 2013- Starbucks Coffee Company (NASDAQ:SBUX) today announced that it has appointed Matthew Ryan as global chief strategy officer. Ryan was previously senior vice president of global brand, franchise and customer relationship management for The Walt Disney Company . Matthew Ryan (Photo: Business Wire) “The Starbucks Experience is built on our partners’ (employees) passion for creating meaningful moments of connection more than 70 million times every week and our company’s devotion to continuously innovating new choices and experiences that surprise and delight our customers at every interaction,” said Starbucks chairman, president and ceo Howard Schultz . “Matt’s innovative approach to customer analytics, market segmentation and brand optimization will bring a new level of insight and imagination to Starbucks and our significant brand ambitions.” Ryan will report to Schultz and serve on Starbucks senior leadership team. He will lead Starbucks long-term strategic planning ...
04/04/13
Company Recognizes the Contributions of its 200,000 Global Partners (Employees) in Delivering Record Financial Performance and a 38% Total Return to Shareholders in Fiscal 2012, Reaffirms Long-Term Growth Targets Mar. 20, 2013- Howard Schultz, chairman, president and ceo of Starbucks Coffee Company (NASDAQ:SBUX), opened the company’s Annual Meeting of Shareholders by recognizing company partners (employees) and highlighting the company’s continuing robust operating performance. Schultz and other company executives announced a breakthrough innovation in Starbucks loyalty and rewards program, shared progress and future plans for its recent La Boulange, Evolution Fresh and Teavana acquisitions and offered a comprehensive overview of how Starbucks is using its global scale to create positive, local impact in the communities where it operates and where its partners and customers live and work. Annual meeting highlights included: Thanks and appreciation from company shareholders via webcast ...
03/20/13
Mar. 18, 2013- Starbucks Coffee Company (NASDAQ: SBUX) today announced that it has appointed Sharon Rothstein as global chief marketing officer. Rothstein was previously senior vice president of marketing at innovative specialty beauty retailer Sephora. Sharon Rothstein (Photo: Business Wire) “Throughout our 42-year history, Starbucks has strived to innovate and exceed the expectations of our customers around the world,” said Starbucks chairman, president and ceo Howard Schultz . “Sharon’s forward-thinking brand sensibility and global cross-channel marketing expertise will continue to push us toward our aspiration of building one of the world’s most relevant, trusted and enduring brands.” Rothstein will report to Schultz and serve on Starbucks senior leadership team. She will steward the Starbucks brand as well as the company’s portfolio of emerging brands, including Seattle’s Best Coffee, Evolution Fresh, La Boulange, Tazo and Teavana. “There has never been a more exciting or ...
03/18/13
Mar. 13, 2013- Starbucks Corporation (NASDAQ: SBUX) will hold its 2013 annual meeting of shareholders on Wednesday, March 20, 2013 at 10:00 a.m. PT . The event will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com . A replay of the webcast will be available on the company’s website until Wednesday, April 24, 2013 . About Starbucks Corporation Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com . Source: Starbucks Corporation Starbucks Corporation
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03/13/13
Feb. 8, 2013- Starbucks Coffee Company (NASDAQ:SBUX) today announced the renewal of its unsecured, revolving credit facility, which increases borrowing capacity from $500 million to $750 million . The credit facility is scheduled to mature on February 5, 2018 , and replaces the current facility which was set to mature on November 17, 2014 . Funds borrowed under the agreement will complement the company’s strong operational cash flow and may be used for general corporate purposes including working capital, capital expenditures, share repurchases and potential growth opportunities. “Our new credit agreement increases our borrowing capacity significantly, while lowering our cost of credit and extending the availability of funds for the next five years,” said Troy Alstead, Starbucks chief financial officer. “Augmenting Starbucks already strong cash flow generation, this credit facility will provide the company with the flexibility and resources to effectively manage our business and ...
02/08/13
Strong Comparable Store Sales Growth of 7% in US and Americas and 6% Globally Robust Holiday Contributes to an 11% Increase in Revenues to a Record $3.8 Billion EPS Rises 14% to a Record $0.57 Company Reaffirms FY13 Growth Targets Jan. 24, 2013- Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 30, 2012. Fiscal First Quarter 2013 Highlights: Total net revenues increased 11% to a record $3.8 billion Global comparable store sales grew 6%, driven by a 4% increase in traffic and a 2% increase in average ticket Americas comparable store sales grew 7%, China / Asia Pacific comparable store sales grew 11% Consolidated operating margin expanded 40 basis points to 16.6% EPS increased 14% to a record $0.57 per share, compared to $0.50 per share in Q1 FY12 Opened 212 net new stores globally, including the first 3 stores in India Sold more than 150,000 Verismo® machines since launch, marking a strong debut of this ...
01/24/13
Jan. 10, 2013- Starbucks Corporation (NASDAQ: SBUX) plans to release its first quarter fiscal year 2013 financial results after the market close on Thursday, January 24, 2013 , with a conference call and webcast to follow at 2:00 p.m. PT . The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com . A replay of the webcast will be available on the company’s website until end of day Friday, February 22, 2013 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com . ...
01/10/13