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Press Releases

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Intention to fully license Starbucks operations with longstanding business partner, Alsea, in France, the Netherlands, Belgium and Luxembourg Company introducing a new support structure in the EMEA head office to better serve an increasingly-licensed regional strategy; Intends to close support centre in Amsterdam; Coffee roasting facility to remain in the Netherlands Will continue to invest in growing a healthy store portfolio; company-operated stores to serve as innovation centres for EMEA region Starbucks Coffee Company (NASDAQ: SBUX) today announced our intention to fully license Starbucks operations in France, the Netherlands, Belgium and Luxemburg to its longstanding strategic partner Alsea, S.A.B. de C.V. (BMV: ALSEA), the largest independent chain restaurant operator in Latin America. Under this proposal, which is subject to relevant local laws, and discussions with relevant employee representatives, Alsea will have the rights to operate and develop Starbucks ...
10/18/18
Starbucks Corporation (Nasdaq: SBUX) plans to release its fourth quarter and fiscal year 2018 financial results after the market close on Thursday, November 1, 2018 with a conference call to follow at 2:00 p.m. PT. The conference call will be webcast, including closed captioning, 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 1, 2018. 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 ...
10/17/18
As part of Starbucks Corporation’s (NASDAQ: SBUX) previously announced plan to return $25 billion to shareholders in the form of share buybacks and dividends through fiscal 2020, the Company is currently executing a $5 billion accelerated share repurchase program (ASR) of the Company’s common stock with the assistance of two financial institutions. The Company used proceeds from the recently completed transaction with Nestlé S.A. to execute the ASR, effective October 1, 2018. Initial delivery of shares represented approximately 80% of the total shares that will be repurchased under the ASR, which is expected to be completed as early as February 2019 and no later than March 2019. The total shares repurchased will be based on the volume weighted average share price during the term of the ASR, less an agreed discount, and is subject to certain adjustments under the agreements. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting ...
10/12/18
Starbucks Corporation (NASDAQ: SBUX) today announced Patrick Grismer has been appointed executive vice president and chief financial officer (cfo). Reporting to Kevin Johnson, Starbucks president and chief executive officer, Grismer succeeds Scott Maw, who will retire on November 30. Maw will remain a senior consultant through March 2019 to ensure a smooth transition, with Grismer joining the company on November 12 and assuming the role of cfo on November 30. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181008005394/en/ Patrick Grismer has been appointed Starbucks executive vice president and chief financial officer (cfo). (Photo: Business Wire) Grismer is an accomplished finance executive, bringing to Starbucks significant leadership experience at global, consumer-facing growth companies, including more than 25 years combined at Hyatt Hotels Corporation, Yum! Brands (parent company to KFC, Pizza Hut and Taco Bell) and ...
10/08/18
The additional $20 million commitment reinforces Starbucks mission to make coffee the first sustainable agriculture product through ethical sourcing, healthy coffee trees, farmer financing and agronomy expertise In response to critically low coffee prices in Central America, Starbucks (Nasdaq: SBUX) announced today a commitment of up to $20 million to temporarily relieve impacted smallholder farmers with whom Starbucks does business, until the coffee market self-corrects and rises above the cost of production. These funds will go directly to smallholder farmers in Nicaragua, Guatemala, Mexico and El Salvador to subsidize farmer income during the upcoming harvest season in Central America. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180925006162/en/ In response to critically low coffee prices in Central America, Starbucks has committed up to $20 million to temporarily relieve impacted smallholder farmers with whom ...
09/25/18
Starbucks Corporation (NASDAQ: SBUX) will host its Investor Day on Thursday, December 13, 2018 in New York City. ( Please note: the date has changed from what was previously announced. ) The event will feature presentations and a question-and-answer session with members of the company’s senior leadership team. Presentations are scheduled to begin at 1:00 p.m. ET and the event is expected to conclude at approximately 5:00 p.m. ET. The event will be webcast, including closed captioning, and may be accessed on the company’s website: http://investor.starbucks.com. A replay of the webcast and slides shown during the presentations will also be available on the company’s website. 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 ...
09/19/18
Nestlé and Starbucks Corporation today announced the closing of the deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally, outside of the company’s coffee shops. Through the alliance, the two companies will work closely together on the existing Starbucks range of roast and ground coffee, whole beans as well as instant and portioned coffee. The alliance will also capitalize on the experience and capabilities of both companies to work on innovation with the goal of enhancing its product offerings for coffee lovers globally. “This partnership demonstrates our growth agenda in action, giving Nestlé an unparalleled position in the coffee business with a full suite of innovative brands. With Starbucks, Nescafé and Nespresso we bring together the world’s most iconic coffee brands,” said Mark Schneider, Nestlé CEO. “The outstanding collaboration between the two teams resulted in a swift completion of this agreement, which will ...
08/28/18
Marking a significant milestone for the two companies, Starbucks and Alibaba poised to enable a seamless Starbucks Experience through deepened partnership Starbucks to collaborate across key businesses within the Alibaba ecosystem, including Ele.me, Hema, Tmall, Taobao and Alipay, to significantly elevate the Starbucks Experience for Chinese customers: Announces plans to leverage Ele.me’s on-demand platform to pilot delivery services in Beijing and Shanghai in September 2018; delivery program to expand across 30 cities to more than 2,000 stores by end of 2018. Partners with Hema supermarkets to create “Starbucks Delivery Kitchens” specifically designed for Starbucks delivery order fulfillment, further expanding delivery capabilities while ensuring the highest levels of the third-place in-store customer experience. Companies to co-create an unprecedented virtual Starbucks store that will integrate multiple platforms across Starbucks and the Alibaba ecosystems, to enable a seamless and ...
08/01/18
Consolidated Net Revenues Up 11% to a Record $6.3 Billion; Comparable Store Sales Up 1% Globally and in the U.S. GAAP EPS of $0.61; Non-GAAP EPS of $0.62, Up 13% Year-Over-Year Active Starbucks Rewards TM Membership in the U.S. Increases 14% Year-Over-Year to 15.1 Million Cash Returned to Shareholders Exceeds $5 Billion Fiscal Year-To-Date Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended July 1, 2018. GAAP results in fiscal 2018 and fiscal 2017 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 2018 Highlights Global comparable store sales increased 1%, driven by a 3% increase in average ticket Americas and U.S. comparable store sales increased 1% CAP comparable store sales decreased 1% China comparable store sales decreased 2% Consolidated net revenues of $6.3 billion, up 11% over ...
07/26/18
Starbucks Corporation (Nasdaq: SBUX) plans to release its third quarter fiscal year 2018 financial results after the market close on Thursday, July 26, 2018 with a conference call to follow at 2:00 p.m. PT. The conference call will be webcast, including closed captioning, 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 25, 2018. 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  ...
07/11/18
Company has initiated search for cfo to help lead company into next phase of growth Maw will remain in role through November and support transition of new cfo Starbucks Corporation (NASDAQ: SBUX) today announced that Scott Maw, executive vice president and chief financial officer, is retiring effective November 30, 2018. A seven-year partner (employee), Maw has been in the role since February of 2014. Starbucks has launched an external search for a new cfo. After his retirement, Maw will continue to support the transition in a senior consultant role through March 2019 . “I am grateful for the contributions Scott has made over the past seven years that led to the unprecedented growth of Starbucks,” said Kevin Johnson, Starbucks president and chief executive officer. “As we enter our next phase of continued growth, I am confident in the finance team Scott has developed and am appreciative of his willingness to support through the transition into new leadership.” Maw joined Starbucks as ...
06/28/18
Adds 5 million new digitally registered customers with Digital Flywheel since April 2018; Active Starbucks Rewards members up 13 percent year-over-year to 15 million Three newer major digital initiatives will contribute approximately 1-2% attributable comps in FY19 Raises target for cash returned to shareholders to $25 billion through FY20, including a 20 percent increase in the company’s regularly scheduled quarterly dividend Sharpens focus on optimizing store footprint, anticipates lower net new store growth in the U.S. for FY19 - further concentrating growth in under penetrated markets Decisive steps being taken by leadership to address an anticipated 1 percent growth in Q3 FY18 global comparable store sales Announces plans to drive G&A efficiency Will provide additional detail with respect to FY18 guidance during Investor Presentation Starbucks Corporation (NASDAQ: SBUX) today announces a set of strategic priorities and corresponding operational initiatives to accelerate ...
06/19/18
Starbucks Corporation (Nasdaq: SBUX) today announced that Kevin Johnson , president and ceo, will present at the Oppenheimer 18 th Annual Consumer Conference in Boston on Tuesday, June 19, 2018 at 4:25 p.m. ET . The presentation will be webcast with closed captioning 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 through Wednesday, July 25, 2018. 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 ...
06/12/18
Schultz, who reimagined the Italian coffeehouse tradition in America and redefined the role and responsibility of a publicly-held company, announces his departure as executive chairman of Starbucks Schultz, who will be honored as chairman emeritus, tells over 2 million past and present partners (employees), “We did it together, by balancing profitability and social conscience” Schultz’s stewardship of the Starbucks brand and business delivers 21,000% price appreciation for shareholders since its 1992 Initial Public Offering Myron E. Ullman appointed as next chair of Starbucks Board of Directors; Mellody Hobson appointed vice chair Starbucks Corporation (NASDAQ: SBUX) today announced that Howard Schultz is stepping down as executive chairman and member of the Board of Directors and will be honored with the title of chairman emeritus effective June 26, 2018. This press release features multimedia. View the full release here: ...
06/04/18
Starbucks accelerates net new store growth to 600 per year, expanding to approximately 100 new cities to reach 230 cities across Mainland China by end of FY2022 Expects to more than triple revenue and more than double operating income in China over the next 5 years, relative to FY2017 Announces the launch of new Starbucks® chilled cups this June as part of plans to expand Ready-to-Drink premium points of distribution to 125,000 in 400 cities Nestlé Global Coffee Alliance to further extend Starbucks reach and scale throughout China Purpose-driven Starbucks China and The Starbucks Foundation reaffirm $20 million USD (RMB 132 million) five-year commitment to social impact programs Today, Starbucks Corporation (NASDAQ: SBUX) presented the company’s key drivers that will fuel China’s market growth over the next five years at its first-ever China Investor Conference . Through the company’s purpose-driven growth agenda in China , Starbucks is focused on enhancing its immersive, ...
05/15/18
Starbucks Corporation (NASDAQ: SBUX) will host its 2018 China Investor Day in Shanghai on Wednesday, May 16, 2018 . The event will feature presentations and a question-and-answer session discussing the company’s brand and opportunity in China . The event will be webcast, including closed captioning, and can be accessed on the company’s website: http://investor.starbucks.com. Presentations will begin at 8:00am local time in Shanghai on Wednesday, May 16, 2018, the equivalent of 8:00pm U.S. Eastern Time on Tuesday, May 15, 2018. A replay of the webcast and slides shown during the presentations will be available on the company’s website. The webcast will remain available for replay through June 15, 2018. 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 ...
05/08/18
Alliance to leverage the complementary strengths, scale and sophistication of two of the world’s most recognized and respected consumer brands Nestlé to bring Starbucks packaged coffee into regional markets globally; Starbucks brand portfolio to be represented on Nestlé’s single serve capsule systems, including Nespresso and Nescafé Dolce Gusto Alliance targets making coffee the world’s first truly sustainable agricultural product Starbucks Corporation (NASDAQ: SBUX) today announced it will form a global coffee alliance with Nestlé S.A. to accelerate and grow the global reach of Starbucks brands in Consumer Packaged Goods (CPG) and Foodservice. With a shared commitment to ethical and sustainable sourcing of coffee, this alliance will transform, expand and elevate both the at-home and away-from-home coffee and related categories around the world. As part of the alliance, Nestlé will obtain the rights to market, sell, and distribute Starbucks®, Seattle’s Best Coffee®, ...
05/07/18
Q2 Comp Store Sales Up 2% Globally and in the U.S., Up 4% in China Consolidated Net Revenues Up 14% to a Record $6.0 Billion GAAP EPS of $0.47 ; Non-GAAP EPS of $0.53 , Up 18% Year-Over-Year Active Starbucks RewardsTM Membership in the U.S. Increases 12% Year-Over-Year to 14.9 Million Company Reiterates Fiscal 2018 Outlook; Announces Additional 100M Share Repurchase Authorization Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter ended April 1, 2018. GAAP results in fiscal 2018 and fiscal 2017 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 2018 Highlights Global comparable store sales increased 2%, driven by a 3% increase in average ticket Americas and U.S. comp store sales increased 2% CAP comp store sales increased 3% China comp store sales increased 4% Consolidated net revenues of ...
04/26/18
Training will occur at all Starbucks company-owned stores and will apply to nearly 175,000 U.S. partners (employees) Curriculum to be designed by nationally recognized experts and will be available for other companies to use Starbucks Coffee Company  (NASDAQ: SBUX) today announced it will be closing its more than 8,000 company-owned stores in the United States on the afternoon of May 29 to conduct racial-bias education geared toward preventing discrimination in our stores. The training will be provided to nearly 175,000 partners (employees) across the country and will become part of the onboarding process for new partners. “I’ve spent the last few days in Philadelphia with my leadership team listening to the community, learning what we did wrong and the steps we need to take to fix it,” said Starbucks ceo Kevin Johnson. “While this is not limited to Starbucks, we’re committed to being a part of the solution. Closing our stores for ...
04/17/18
Starbucks Corporation (Nasdaq: SBUX) plans to release its second quarter fiscal year 2018 financial results after the market close on Thursday, April 26, 2018 with a conference call to follow at 2:00 p.m. PT . The conference call will be webcast, including closed captioning, 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 26, 2018 . 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  ...
04/11/18
Company reflects on past five years of performance that saw a doubling in market value and topline revenue growth from $14 billion to $23 billion. Starbucks reiterates 12 percent or greater non-GAAP EPS growth target and commitment to return $15 billion to shareholders through the next three years. Company details three innovation growth drivers in Digital, China and Starbucks Reserve. Starbucks announces new standard for global pay equity, and achieves 100 percent pay equity both for gender and for people of all races in the U.S. Starbucks reaffirms commitment to employing and empowering the very best talent, with more than 50,000 Opportunity Youth and 15,000 veterans and military spouses hired to date in the U.S., and more than 10,000 partners (employees) participating in the Starbucks College Achievement Plan with Arizona State University. Starbucks reveals new commitments to sustainability, including a $10 million investment in the “NextGen Cup Challenge” in partnership with the ...
03/21/18
Starbucks Corporation (NASDAQ: SBUX) will hold its 26th Annual Meeting of Shareholders on Wednesday, March 21, 2018 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, September 21, 2018. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 28,000 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 version on businesswire.com: https://www.businesswire.com/news/home/20180319006222/en/ Source: Starbucks ...
03/19/18
New agreement gives SouthRock, a leading multi-brand restaurant operator, the rights to develop and operate Starbucks® stores in Brazil – building on more than a decade of business growth, brand loyalty and trust in the market SouthRock commits $1 million to drive social impact and community initiatives for Starbucks Brazil, including Starbucks Global Academy, a free online education program for employees through the company’s strategic partnership with Arizona State University Following transition of ownership in Brazil, Starbucks poised for long-term growth across Latin America and the Caribbean, building on more than 1,200 stores in 17 markets to date Starbucks Coffee Company (NASDAQ: SBUX) today announced that it has entered into an agreement with SouthRock – a leading multi-brand restaurant operator in Brazil – to fully license Starbucks retail operations in the country. The agreement provides SouthRock the rights to develop and operate Starbucks® stores in Brazil. By leveraging ...
03/12/18
Starbucks Corporation (Nasdaq: SBUX) today announced the company will present at the UBS Global Consumer and Retail Conference in Boston on Thursday, March 8, 2018 at 8:15 a.m. ET and at the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum in Las Vegas on Friday, March 9, 2018 at 9:00 a.m. PT . The presentations 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, April 6, 2018. 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 ...
02/22/18
Seamless integration with Starbucks Rewards™ loyalty program brings customers fast, frequent Rewards earned through everyday spending Starting today, the card unlocks the ability to earn Stars both in and out of Starbucks® stores wherever Visa is accepted worldwide Today, Starbucks (NASDAQ: SBUX) and Chase (NYSE: JPM) announce the availability of the Starbucks Rewards™ Visa® Card, a co-brand credit card integrated directly into the Starbucks Rewards™ loyalty program . Customers using the card earn Stars with every purchase both in and out of Starbucks stores wherever Visa is accepted worldwide, and can be redeemed for food and beverage items at more than 8,000 participating* Starbucks locations. Cardmembers will also become members of the Starbucks Rewards loyalty program, receiving exclusive perks and benefits already enjoyed by more than 14 million members daily. This press release features multimedia. View the full release here: ...
02/01/18
Starbucks Corporation (Nasdaq: SBUX) plans to hold a conference call to provide a market update on its China business and to address high-level modeling-related questions on Wednesday, January 31, 2018 , at 2:00 p.m. Pacific Time . The conference call will be webcast, including closed captioning, 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, March 2, 2018 . 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 ...
01/25/18
Net Revenues Up 6% to a Record $6 Billion ; Global and U.S. Comp Store Sales Up 2% China Net Revenues Up 30%; China Comps Up 6% Q1 GAAP EPS of $1.57 ; Non-GAAP EPS of $0.65 Includes $0.07 Benefit from U.S. Tax Law Change Company Adds 1.4 Million Active Starbucks Rewards™ Members in the U.S. to 14.2 Million, Up 11% Year-Over-Year Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal first quarter ended December 31, 2017. GAAP results in fiscal 2018 and fiscal 2017 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 2018 Highlights Global comparable store sales increased 2%, driven by a 2% increase in average ticket Americas and U.S. comp store sales increased 2%, driven by a 2% increase in average ticket CAP comp store sales increased 1%, driven by a 1% increase in transactions China comp store sales increased ...
01/25/18
Company announces a new ‘Partner and Family Sick Time’ benefit for all U.S. employees to launch this year Announces second wage increase for all U.S. hourly and salaried partners in addition to the annual increases already granted this fiscal year Announces additional 2018 Stock Grant with a one-year vest Highlights an Aon study indicating its standing as the No. 1 retailer in comprehensive benefits for part-time and full-time employees Reiterated commitment to create more than 8,000 new retail jobs and 500 manufacturing jobs this year as part of the company’s strategic growth plan Building on a long history of providing relevant, industry-leading benefits, Starbucks Coffee Company (NASDAQ: SBUX) today announced a series of new partner (employee) offerings that span across wage and benefits. These offerings will total more than $250 million for more than 150,000 partners and are accelerated by recent changes in the U.S. tax law. Further details on the impact of these changes on our ...
01/24/18
Starbucks Corporation (Nasdaq: SBUX) plans to release its first quarter fiscal year 2018 financial results after the market close on Thursday, January 25, 2018 with a conference call to follow at 2:00 p.m. PT . The conference call will be webcast, including closed captioning, 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 24, 2018 . 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 ...
01/10/18