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Press Releases

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Company to add 12,000 stores globally – to a total of 37,000 – by 2021 Projects 10 percent revenue growth, 15-20 percent EPS growth and mid-single digit comp growth annually Roasteries and Starbucks Reserve® stores to elevate the Starbucks brand and customer experience New innovation to further accelerate momentum of the company’s digital flywheel and mobile ecosystem Dec. 7, 2016- Capping another record quarter, and year of growth and profitability, Starbucks (NASDAQ: SBUX) today will host its biennial Investor Conference to present the company’s five-year strategic plan to grow revenue by 10 percent, EPS by 15-20 percent, and drive mid-single digit comp growth each year, as it plans to open approximately 12,000 new stores globally by 2021 while continuing to elevate the Starbucks Experience around the world. 1 “Industry-leading innovation is driving our core business and creating further separation from competitors all around the world,” said Howard Schultz, chairman and chief ...
12/07/16
Kevin Johnson to become chief executive officer and assume full responsibility for Starbucks global business and operations; Howard Schultz to become executive chairman and focus on retail innovation and accelerating growth of Starbucks ultra-premium retail formats Starbucks Corporation (NASDAQ: SBUX) today announced that Kevin Johnson, president and chief operating officer and a 7-year member of the Starbucks Board of Directors, will expand his responsibilities and assume the role and responsibilities of president and chief executive officer, effective April 3, 2017. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161201006372/en/ Kevin Johnson, president and coo of Starbucks, will expand role to ceo effective April 3, 2017. Howard Schultz, chairman and ceo, will be appointed executive chairman. (Photo: Business Wire) Also effective April 3, 2017 , Howard Schultz , chairman and ceo, will be appointed executive chairman ...
12/01/16
Starbucks Corporation (NASDAQ: SBUX) will host its 2016 Investor Day on Wednesday, December 7th . The event will feature presentations and a Q&A session with Howard Schultz , chairman and chief executive officer; Kevin Johnson , president and chief operating officer; Scott Maw , executive vice president and chief financial officer; and other members of the company’s senior leadership team. Due to limited capacity, attendance is by invitation only. The event will be webcast live and all interested parties are invited to access the webcast from the company’s website: http://investor.starbucks.com. The event is scheduled to begin at 8:00 a.m. ET and will continue until approximately 12 noon ET. Following a break for lunch, the webcast of the live event will resume at approximately 1:30 p.m. ET and is expected to conclude at approximately 3:00 p.m. ET. The presentation slides shown at the event and on the live webcast will be available for download on the company’s website by the end of ...
11/16/16
Q4 Comparable Store Sales Up 5% in Americas , 4% in the U.S., 6% in China and 4% Globally Q4 GAAP EPS Up 26% to a Record $0.54; Record Non-GAAP EPS of $0.56 Includes $0.06 for Extra Week New Stores Opened in the U.S. and China in FY16 Deliver Record AUV's, ROI and Profitability Company Issues Strong Outlook for Fiscal 2017 Board of Directors Approves 25% Increase in Quarterly Dividend to $0.25 Per Share Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 14-week fiscal fourth quarter and 53-week fiscal year ended October 2, 2016. Fiscal 2016 and fiscal 2015 GAAP results include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q4 Fiscal 2016 Highlights: U.S. comparable store sales increase of 4% was comprised of 6% increase in average ticket and 1% decrease in traffic. After adjusting for the estimated impact of order consolidation ...
11/03/16
Starbucks Corporation (NASDAQ:SBUX) plans to release its fourth quarter and fiscal year 2016 financial results after the market close on Thursday, November 3, 2016 , 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 Saturday, December 3, 2016 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. 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 http://news.starbucks.com or www.starbucks.com . View source ...
10/19/16
Aug. 24, 2016- Starbucks Corporation (NASDAQ: SBUX) today announced the company will present at the Goldman Sachs 23 rd Annual Global Retailing Conference on Wednesday, September 7, 2016 , at 3:55 p.m. ET . The presentation will be webcast and can be accessed on the company’s website: http://investor.starbucks.com. A replay of the webcast will be available at the same URL until October 7, 2016. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. 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 news.starbucks.com or www.starbucks.com. © 2016 Starbucks Coffee Company . All rights reserved. View source ...
08/24/16
GAAP EPS Up 24% to a Q3 Record $0.51 Per Share; Non-GAAP EPS Up 17% to a Record $0.49 Per Share Comparable Store Sales Rise 7% in China, 4% in the U.S. and 4% Globally Revenues Up 7% to Q3 Record $5.2 Billion; Operating Income Up 9% to a Q3 Record $1.0 Billion Channel Development Revenues Increase 9%; Operating Income Jumps 31% Starbucks Rewards Active Membership Up 18% YOY; Now Over 12 Million Active Members in the U.S. and Canada Jul. 21, 2016- Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter and 39-week fiscal year to date ended June 26, 2016. Fiscal 2016 and fiscal 2015 GAAP results include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q3 Fiscal 2016 Highlights: Global comparable store sales increased 4%, comprised of a 4% increase in the Americas segment, a 3% increase in the China/Asia Pacific ...
07/21/16
Jul. 6, 2016- Starbucks Corporation (NASDAQ: SBUX) plans to release its third quarter fiscal year 2016 financial results after the market close on Thursday, July 21, 2016 , 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 Saturday, August 20, 2016 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. 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 http://news.starbucks.com or www.starbucks.com . View source ...
07/06/16
Sustainability bond offering is part of Starbucks comprehensive approach to sustainable coffee sourcing and industry leading efforts for positive environmental and social impacts in the global coffee supply chain May 16, 2016- Starbucks Corporation (NASDAQ: SBUX) today announced that it has closed an underwritten public offering of senior notes, including the first U.S. Corporate Sustainability Bond. The company will use the net proceeds from the offering of $500 million in 2.450% Senior Notes due 2026 to enhance its sustainability programs around coffee supply chain management through Eligible Sustainability Projects. This includes coffee purchases from suppliers verified by a third-party as complying with Starbucks ethical sourcing verification program of Coffee and Farmer Equity (C.A.F.E.) Practices, the development and operation of farmer support centers in coffee growing regions, as well as short and long term loans made through Starbucks Global Farmer Fund. “Coffee is at the ...
05/16/16
May 4, 2016- Starbucks Corporation (NASDAQ: SBUX) today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation ( TRC Capital ) to purchase up to 2 million shares of Starbucks common stock at a price of $54.38 per share in cash. The offering price is 4.43 percent below the closing price per share of Starbucks common stock on April 27, 2016 , the last trading day prior to the commencement of the offer. The offer is for approximately 0.14 percent of the outstanding shares of Starbucks common stock. Starbucks does not endorse TRC Capital’s unsolicited mini-tender offer and recommends that shareholders do not tender their shares. Starbucks is not associated with TRC Capital, its mini-tender offer or the mini-tender offer documentation. Mini-tender offers are not subject to many of the investor protections afforded to larger tender offers, including the filing of disclosure and other tender offer documents with the Securities and Exchange ...
05/04/16
Comp Store Sales Up 7% in the U.S. and Americas; 6% Globally Revenues Up 9% to a Q2 Record $5.0 Billion; 5% Transaction Growth and 18% Revenue Growth in China Operating Margin Expands to a Q2 Record 17.3% Company Adds 900,000 Starbucks Rewards Loyalty Members in the U.S. since Q1; Now Has 12M Active U.S. Members Company Reaffirms FY16 Growth Targets; Announces Additional 100M Share Repurchase Authorization Apr. 21, 2016- Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter and 26-week fiscal year to date ended March 27, 2016. Fiscal 2016 and fiscal 2015 GAAP results include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q2 Fiscal 2016 Highlights: Global comparable store sales increased 6%, comprised of a 4% increase in ticket and 2% increase in traffic Consolidated net revenues grew 9% to a Q2 record $5.0 ...
04/21/16
Apr. 6, 2016- Starbucks Corporation (NASDAQ: SBUX) plans to release its second quarter fiscal year 2016 financial results after the market close on Thursday, April 21, 2016 , 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 Saturday, May 21, 2016 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. 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 http://news.starbucks.com or www.starbucks.com . View source ...
04/06/16
Global Store Development, Digital Innovation, and World-Class Partner (Employee) Engagement –– Spotlighted During Forum for More than 2,800 Shareholders, Partners and Special Guests Starbucks Outlines Progress and Additional Social Impact Commitments in Support of Coffee Farming Communities, Feeding the Hungry, and Increasing Participation in U.S. Local and National Elections Company Builds on Single-Serve Coffee Leadership Position by Updating its Agreement and Partnership with Keurig Green Mountain Mar. 23, 2016- Starbucks Corporation (NASDAQ: SBUX) today hosted its 24th Annual Meeting of Shareholders, with more than 2,800 partners, shareholders, invited guests and board members in attendance. Howard Schultz, chairman and ceo of Starbucks, honored the accomplishments of the company in delivering record financial results and introduced the company’s next level of social impact initiatives. “There are very few consumer brands in the world – products or experiences – that have created ...
03/23/16
Mar. 16, 2016- Starbucks Corporation (NASDAQ: SBUX) will hold its 2016 Annual Meeting of Shareholders on Wednesday, March 23, 2016 at 10:00 a.m. PT . The event will be webcast and can be accessed at http://investor.starbucks.com . A replay of the webcast will be available on the company’s website until Friday, April 22, 2016 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. 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 http://news.starbucks.com . View source version on businesswire.com: http://www.businesswire.com/news/home/20160316005873/en/ Source: Starbucks Corporation Starbucks Contact, ...
03/16/16
Feb. 21, 2016- Starbucks Corporation (NASDAQ: SBUX) will hold a conference call led by Scott Maw , cfo, and Matthew Ryan , chief strategy officer, on Monday, February 22, 2016 , at 5:30 a.m. PT to discuss loyalty program updates. 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 March 23, 2016 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 23,000 stores around the globe, Starbucks 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 our stores or online at news.starbucks.com and Starbucks.com . View source ...
02/21/16
Feb. 1, 2016- 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 $500 million of 2.100% Senior Notes due 2021 for general corporate purposes, which may include repurchases of Starbucks common stock under the company’s ongoing share repurchase program, business expansion, payment of cash dividends on Starbucks common stock, or the financing of possible acquisitions. The offering of the senior notes is expected to close on February 4, 2016 , subject to customary closing conditions. Goldman Sachs, 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 registration statement filed with the Securities and Exchange Commission (“SEC”) on September 3, 2013. The offering may be made only by means of a prospectus and related prospectus supplement, copies of which may be ...
02/01/16
Strong Holiday Performance Drives 9% Comp Growth in the U.S. and Americas, 8% Globally; Global Traffic up 4% Consolidated Net Revenues Rise 12% to a Record $5.4 Billion; Channel Development Revenues Jump 16% Consolidated Operating Income up 16% to a Record $1.1 Billion; GAAP EPS of $0.46; Non-GAAP EPS up 15% to a Record $0.46 Dollars Loaded on Starbucks Cards Increase 18% to a Record $1.9 Billion Jan. 21, 2016- Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 27, 2015. Fiscal 2016 and fiscal 2015 GAAP results include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q1 Fiscal 2016 Highlights: Global comparable store sales increased 8%, including a 4% increase in traffic Americas comp store sales increased 9%, including a 4% increase in traffic China / Asia Pacific comp store sales increased ...
01/21/16
Ulta Beauty CEO adds retail brand perspective, customer digital innovation, and more than 30 years of leadership experience to Board of Directors Jan. 7, 2016- Starbucks Corporation (NASDAQ:SBUX) today announced that Mary Dillon, CEO of Ulta Beauty (NASDAQ:ULTA) was elected to the Starbucks Board of Directors on Jan. 4 and she will serve on the Board’s Compensation and Management Development Committee. Dillon brings three decades of experience leading consumer-driven brands to build brand engagement and drive profitable growth. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160107006232/en/ Mary Dillon, CEO of Ulta Beauty, joins Starbucks Board of Directors. (Photo: Business Wire) “Mary shares our desire to deliver shareholder value while embracing the values and guiding principles that serve our people, our customers, and the neighborhoods where we do business, and we are honored to have her join the Starbucks Board of ...
01/07/16
Jan. 6, 2016- Starbucks Corporation (NASDAQ: SBUX) plans to release its first quarter fiscal year 2016 financial results after the market close on Thursday, January 21, 2016 , 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 Saturday, February 20, 2016 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. 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 http://news.starbucks.com or www.starbucks.com . View ...
01/06/16