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Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.53 per share of outstanding Common Stock. The dividend will be payable in cash on February 24, 2023 to shareholders of record on February 10, 2023. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 35,000 stores worldwide, 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 version on businesswire.com: https://www.businesswire.com/news/home/20221130005906/en/ Starbucks Contact, Investor Relations:
Tiffany Willis
206-318-7118 ...
11/30/22
Q4 Consolidated Net Revenues Up 3%; Up 11% on a 13-week basis to a Record $8.4 Billion Q4 Comparable Store Sales Up 7% Globally; Up 11% in the U.S. and Double Digits Internationally, excluding China Q4 GAAP EPS $0.76; Non-GAAP EPS of $0.81 Driven by Strong September Performance; Reinvention Materializing China Surpasses 6,000 Stores, Pushing Global Store Count to Record 35,711 Active Starbucks® Rewards Membership Up 16% in the U.S. in Q4 to 28.7 Million Members Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended October 2, 2022. The comparable prior-year periods in fiscal 2021 included 14- and 53-weeks, respectively. GAAP results in fiscal 2022 and fiscal 2021 include items that 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 2022 Highlights Global comparable store sales increased ...
11/03/22
Starbucks Corporation (Nasdaq: SBUX) plans to release its fourth quarter and fiscal year end 2022 financial results after market close on Thursday, November 3, 2022, with a conference call to follow 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 at https://investor.starbucks.com/ . A replay of the webcast will be available on the company’s website until end of day, Friday, December 2, 2022. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 35,000 stores worldwide, 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 ...
10/20/22
Starbucks today announced it plans to sell the Seattle’s Best Coffee brand to Nestlé, with which the company established the Global Coffee Alliance in 2018. This transaction will further strengthen the Global Coffee Alliance by allowing both companies to focus on their core strengths. “We continue to deepen our partnership with Nestlé to deliver the best of the Starbucks Experience to our customers in channels outside of our retail stores,” said Michael Conway, group president, Starbucks International and Channel Development. “We’re confident that Nestlé will continue to grow the Seattle’s Best Coffee brand as we focus on our strategy to elevate the premium coffee experience for consumers through the Starbucks brand.” Since forming the Global Coffee Alliance in 2018, Nestlé and Starbucks have introduced a wide range of premium coffee products to new markets at a fast pace – including whole bean coffee, roast and ground coffee as well as Starbucks capsules for Nespresso and Nescafé ...
10/19/22
Commemorates Twelfth Consecutive Annual Increase Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved an increase in the company’s quarterly cash dividend from $0.49 to $0.53 per share. This increase will be effective with the dividend payment to be distributed on November 25, 2022, to shareholders of record on November 11, 2022, and raises the company’s annual dividend rate to $2.12 per share. Starbucks initiated its dividend in 2010 and has increased it in each of the past 12 years. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 35,000 stores worldwide, 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 ...
09/28/22
Introduces Three-Year Financial Roadmap, Delivering Annual 7-9% Comparable Store Sales Growth, 10-12% Revenue Growth, and 15-20% Non-GAAP EPS Growth Starbucks (NASDAQ: SBUX) today hosted its biennial Investor Day in Seattle where interim chief executive officer Howard Schultz, chief financial officer Rachel Ruggeri, and Starbucks leaders showcased the company’s Reinvention plan to an in-person audience of more than 150 investors. Presentations highlighted decisive actions and targeted investments in partners, customers, and stores that are expected to accelerate the company’s long-term growth, progressively expand operating margin, and drive high-teens non-GAAP EPS growth annually through fiscal 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220913006189/en/ Starbucks interim chief executive officer Howard Schultz showcases the company’s Reinvention plan to an in-person audience of more than 150 investors. (Photo: ...
09/13/22
Howard Schultz will continue as interim ceo until April 1, 2023 and serve as an advisor to Narasimhan through calendar 2023 while remaining on Starbucks Board of Directors. Starbucks (NASDAQ: SBUX) today announced that Laxman Narasimhan will become the company’s next chief executive officer and a member of the Starbucks Board of Directors. Narasimhan will join Starbucks as incoming ceo on October 1, 2022 after relocating from London to the Seattle area and will work closely with Howard Schultz, interim ceo, before assuming the ceo role and joining the Board on April 1, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220901005822/en/ Laxman Narasimhan (Photo: Business Wire) Narasimhan brings nearly 30 years of experience leading and advising global consumer-facing brands. Known for his considerable operational expertise, he has a proven track record in developing purpose-led brands. Building on companies’ histories, he ...
09/01/22
Consolidated Net Revenues Up 9% to a quarterly record $8.2 Billion Q3 Comparable Store Sales Up 3% Globally; Up 9% in the U.S. and Up Double Digits Internationally, ex-China Q3 GAAP EPS $0.79; Non-GAAP EPS of $0.84, Driven by U.S. Performance and Global Demand Outside of China Active Starbucks® Rewards Membership Up 13% in the U.S. in Q3 to 27.4 Million Members Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended July 3, 2022. GAAP results in fiscal 2022 and fiscal 2021 include items that 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 2022 Highlights Global comparable store sales increased 3%, driven by a 6% increase in average ticket, partially offset by a 3% decline in comparable transactions North America comparable store sales increased 9%, driven by an 8% increase in average ticket and a 1% increase in ...
08/02/22
Starbucks Corporation (Nasdaq: SBUX) plans to release its third quarter fiscal year 2022 financial results after market close on Tuesday, August 2, 2022, with a conference call to follow 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 at https://investor.starbucks.com/ . A replay of the webcast will be available on the company’s website until end of day, Friday, September 2, 2022. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 34,000 stores worldwide, 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 ...
07/19/22
Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a dividend of $0.49 per share of outstanding Common Stock. The dividend will be payable in cash on August 26, 2022 to shareholders of record on August 12, 2022. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 34,000 stores worldwide, 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 version on businesswire.com: https://www.businesswire.com/news/home/20220629005822/en/ Starbucks Contact, Investor Relations:
Tiffany Willis
investorrelations@starbucks.com ...
06/29/22
Starbucks Corporation (NASDAQ: SBUX) will host its 2022 Investor Day in Seattle on Tuesday, September 13, 2022. The event will feature presentations, as well as a question and answer session with the company’s senior leadership team members, including Howard Schultz, interim chief executive officer, and Rachel Ruggeri, chief financial officer. The event is scheduled to begin at 7:30 a.m. PT/10:30 a.m. ET and expected to conclude at approximately 3:00 p.m. PT/6:00 p.m. ET. Due to limited capacity, in-person attendance is by invitation only. The event will be webcast and all interested parties are invited to access the webcast from the Events & Presentations section of the company’s website. A replay of the webcast and slides shown during the presentations will be available on the company’s website the following day. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 34,000 ...
06/13/22
Consolidated Net Revenues Up 15% to a Q2 record $7.6 Billion
Q2 Comparable Store Sales Up 7% Globally; Up 12% in the U.S. and Double Digits Internationally, ex-China
Q2 GAAP EPS $0.58; Non-GAAP EPS of $0.59, Despite Lockdowns in China and Inflationary Headwinds
Active Starbucks® Rewards Membership in Q2 Up 17% in the U.S. to 26.7 Million Members Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter ended April 3, 2022. GAAP results in fiscal 2022 and fiscal 2021 include items that 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 2022 Highlights Global comparable store sales increased 7%, driven by a 4% increase in average ticket and a 3% increase in comparable transactions North America and U.S. comparable store sales increased 12%, driven by a 7% increase in average ticket and a 5% increase in ...
05/03/22
Starbucks Corporation (Nasdaq: SBUX) plans to release its second quarter fiscal year 2022 financial results after market close on Tuesday, May 3, 2022, with a conference call to follow 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 at https://investor.starbucks.com . A replay of the webcast will be available on the company’s website until end of day, Friday, June 3, 2022. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 34,000 stores worldwide, 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 ...
04/19/22
Suspends Stock Buyback Program to Invest in Starbucks Employees and Stores for Long-term Growth Starbucks Corporation (NASDAQ: SBUX) today marked the return of founder Howard Schultz as chief executive officer and as a director on the company’s Board. In an early morning letter, Schultz shared with all company stakeholders a vision and invitation to join in the reimagination of the company he built, one with a storied history and an enduring mission to inspire and nurture the human spirit — one person, one cup, and one neighborhood at a time. “I am returning to the company to work with all of you to design our next Starbucks — an evolution of our company deep with purpose, where we each have agency and where we work together to create a positive impact in the world,” he wrote. Schultz also announced Starbucks will suspend its stock repurchasing program, effectively immediately. “This decision will allow us to invest more into our people and our stores — the only way to create ...
04/04/22
Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a dividend of $0.49 per share of outstanding Common Stock. The dividend will be payable in cash on May 27, 2022 to shareholders of record on May 13, 2022. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 34,000 stores worldwide, 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 version on businesswire.com: https://www.businesswire.com/news/home/20220322005478/en/ Starbucks Contact, Investor Relations:
Tiffany Willis
investorrelations@starbucks.com ...
03/22/22
Starbucks president and chief executive officer, Kevin Johnson, retiring after 13 years of service Search for ceo successor underway, led by Starbucks Board of Directors Howard Schultz to return as interim ceo until new leader joins Starbucks Corporation (NASDAQ: SBUX) announced that Kevin Johnson, president and chief executive officer, intends to retire after a 13-year tenure at the company, including the last five years as ceo. Johnson will transition from his current role on April 4, 2022, and will continue to serve as a Starbucks partner (employee) and special consultant to the company and Board of Directors through September. The Starbucks Board of Directors has been engaged in continuous ceo succession planning, assisted by Russell Reynolds Associates since 2021, and anticipates selecting a new leader by the Fall. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Howard Schultz as interim chief executive officer, ...
03/16/22
Starbucks Corporation (NASDAQ: SBUX) will hold its Annual Meeting of Shareholders (Annual Meeting) on Wednesday, March 16, 2022, at 10:00 a.m. Pacific Time. The meeting, which will be held in a virtual format, can be accessed on the company’s website at investor.starbucks.com . As described in the company’s proxy materials, you are eligible to vote at the Annual Meeting if you were a shareholder as of the close of business on January 6, 2022, the record date, or hold a legal proxy for the meeting provided by your bank, broker, or nominee. To vote at the virtual meeting, you must enter the control number found on your proxy card, voting instruction form, or notice you previously received. A replay of the meeting will be available on the company’s website until end of day Friday, September 16, 2022. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with over 34,000 stores worldwide, the company ...
02/23/22
Q1 Consolidated Net Revenues Up 19% to $8.1 Billion
Q1 Comparable Store Sales Up 13% Globally; U.S. Up 18% with 12% Two-Year Growth
Q1 GAAP EPS $0.69; Non-GAAP EPS of $0.72 Impacted by Greater-Than-Anticipated Inflation, COVID-19 Related Pay and Staffing Costs
China Surpasses 5,500 Stores, Pushing Global Store Count to Record 34,317
Active Starbucks® Rewards Membership in the U.S. Up 21% Year-Over-Year to 26.4 Million Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended January 2, 2022. GAAP results in fiscal 2022 and fiscal 2021 include items that 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. “This holiday quarter delivered strong revenue growth highlighted by incredible customer demand for Starbucks. As we enter the third year of this pandemic, our stores continue to play an important role ...
02/01/22
Starbucks Corporation (Nasdaq: SBUX) plans to release its first quarter fiscal year 2022 financial results after market close on Tuesday, February 1, 2022, with a conference call to follow 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 at https://investor.starbucks.com . A replay of the webcast will be available on the company’s website until end of day, Friday, March 4, 2022. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 34,000 stores worldwide, 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 ...
01/18/22