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Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share of outstanding Common Stock. The dividend will be payable in cash on February 23, 2024, to shareholders of record on February 9, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 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 https://stories.starbucks.com or www.starbucks.com. Forward-Looking Statements Certain statements contained herein are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 ...
12/01/23
No Shareholder Action Required at this Time Starbucks Corporation (Nasdaq: SBUX) confirmed that it has received a notice of nomination by Strategic Organizing Center (SOC) Investment Group of three director candidates for election to the Starbucks Board of Directors at its 2024 Annual Meeting of Shareholders. The Company issued the following statement: The Starbucks Board and executive leadership team regularly engage with all stakeholders, and we are committed to constructive dialogue that furthers our collective goal of creating long-term value for all stakeholders. Since its founding, Starbucks has been committed to a process of continuous improvement and transformation at all levels and has consistently sought to create opportunities for its partners. That continues today through our ongoing dialogue with our partners, as well as all of our stakeholders. As the world has emerged from the COVID-19 pandemic, the Board and leadership team have evolved to meet the needs of a new era. ...
11/21/23
Starbucks Corporation (Nasdaq: SBUX) today announced that Laxman Narasimhan, chief executive officer, will host a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on Tuesday, December 5th, 2023, at 12:45 p.m. Eastern Time. The fireside chat will be webcast live from the company’s Investor Relations website at https://investor.starbucks.com on the Events & Presentations page. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 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 stories.starbucks.com or www.starbucks.com . Starbucks Contact, Investor Relations:
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11/21/23
Starbucks Coffee Company (NASDAQ: SBUX) today announced its Board of Directors intends to establish a new Environmental, Partner and Community Impact (EPCI) Board Committee, as a continued evolution of the overall governance approach to the company. Starbucks has always striven to be a different kind of company. Upon assuming the role of chief executive officer in March 2023, Laxman Narasimhan and the executive leadership team worked together with partners (employees) to refound Starbucks with an evolved mission and a set of six promises to the company’s most important stakeholders: at our best, for our partners, to offer a bridge to a better future; for our customers, to Uplift the Everyday; for our farmers, to ensure the future of coffee for all; for our communities, to contribute positively; for our environment, to give more than we take; and for our shareholders, to generate enduring returns. "Over the past year, we have been singularly focused on ensuring that we are well ...
11/20/23
Triple Shot Reinvention will focus on three priorities: elevating the Starbucks brand; strengthening the company’s digital capabilities; and becoming truly global; customized with “two pumps” unlocking efficiency and reinvigorating partner culture. This includes: Elevating the brand through better run stores, growing the portfolio with more purpose-defined stores and accelerated renovations, and driving further product innovation. Strengthen and scale digital by doubling its 75M global Starbucks Rewards Members within five years and expanding digital and technology collaborations to elevate the partner and customer experience. Become more global by accelerating store expansion to 55,000 globally by 2030. Unlock efficiency to generate $3B in savings over three years – with $2B outside the store – to deliver returns to shareholders through margin expansion and earnings growth. Reinvigorate the partner culture through the rollout of the mission, promises and values and through continued ...
11/02/23
Q4 Consolidated Net Revenues Up 11% to a Record $9.4 Billion Q4 Comparable Store Sales Up 8% Globally; Up 8% in North America; Up 5% in International Q4 GAAP EPS $1.06; Non-GAAP EPS $1.06 Driven by Strong Global Performance; Reinvention Execution International Surpasses 20,000 Stores, Propelling Global Count to Record 38,038 Q4 Active U.S. Starbucks ® Rewards Membership Reaches 32.6 Million, Up 14% Over Prior Year Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal fourth quarter ended October 1, 2023. GAAP results in fiscal 2023 and fiscal 2022 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 2023 Highlights Global comparable store sales increased 8%, driven by a 4% increase in average ticket and 3% increase in comparable transactions North America and U.S. comparable store sales increased 8%, driven by a 6% ...
11/02/23
Starbucks Corporation (NASDAQ: SBUX) plans to release its fourth quarter and full fiscal year 2023 earnings results before market open on Thursday, November 2, 2023 with a conference call and question and answer to follow at 7:00 a.m. Eastern 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 1, 2023. Also on November 2, 2023, Starbucks plans to host a Reinvention update and holiday launch at 4:00 p.m. Eastern time. This event will include presentations by Laxman Narasimhan, chief executive officer, and members of the Starbucks executive leadership team, as well as a question and answer session. The event will be webcast 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 ...
10/05/23
Commemorates Thirteenth Consecutive Annual Increase with CAGR of Approximately 20% Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors approved an increase in the company’s quarterly cash dividend from $0.53 to $0.57 per share of outstanding Common Stock. This increase will be effective with the dividend payable on November 24, 2023, to shareholders of record on November 10, 2023, and raises the company’s annual dividend rate to $2.28 per share. Starbucks initiated its dividend in 2010 at $0.05 per share of outstanding Common Stock, and increased its dividend consecutively each year over the past 13 years at a CAGR of approximately 20%. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 37,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our ...
09/20/23
Howard Schultz to retire as director; Starbucks honors Schultz as lifelong Chairman Emeritus, forever inspired by his passion, heart, spirit, and commitment to the power of human connection Elects Wei Zhang to join Board of Directors, bringing more than 20 years of experience in global operations, consumer technology and corporate business development Starbucks Coffee Company (NASDAQ: SBUX) today announced Howard Schultz, the company’s modern-day founder and chairman emeritus, will step down from the Board of Directors effective today as part of a planned transition. Schultz previously stepped down as chief executive officer in March of this year. “As I reflect on my 41 years with the company, a foundation of love and creative, passionate customer experience has been built by over five million partners (employees) around the world who have worked in the company,” said Schultz. “My gratitude to them and the millions of stakeholders and customers that have helped Starbucks endure is ...
09/13/23
Q3 Consolidated Net Revenues Up 12% to a Record $9.2 Billion
Q3 Comparable Store Sales Up 10% Globally; Up 7% in North America; Up 24% in International
Q3 GAAP EPS $0.99; Non-GAAP EPS $1.00 Exceeding Expectations Globally
Q3 Active U.S. Starbucks ® Rewards Membership Reaches 31.4 Million, Up 15% Over Prior Year Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal third quarter ended July 2, 2023. GAAP results in fiscal 2023 and fiscal 2022 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 2023 Highlights Global comparable store sales increased 10%, primarily driven by a 5% increase in comparable transactions and a 4% increase in average ticket North America and U.S. comparable store sales increased 7%, driven by a 6% increase in average ticket and a 1% increase in comparable transactions ...
08/01/23
Starbucks Corporation (Nasdaq: SBUX) plans to release its third quarter fiscal year 2023 financial results after market close on Tuesday, August 1, 2023, 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 1, 2023. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 36,000 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 ...
07/18/23
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 August 25, 2023, to shareholders of record on August 11, 2023. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 36,000 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 . Forward-Looking Statements Certain statements contained herein and in our investor conference call related to these results are “forward-looking” statements within the meaning of ...
06/21/23
Starbucks Corporation (Nasdaq: SBUX) today announced that Rachel Ruggeri, chief financial officer, will participate in a fireside chat at TD Cowen’s 7th Annual Future of the Consumer Conference on Tuesday, June 6 at 10:00 a.m. Eastern Time. The fireside chat will be webcast live and can be accessed on the company’s website at http://investor.starbucks.com on the Events & Presentations page. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 36,000 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 stories.starbucks.com or www.starbucks.com . Starbucks Contact, Investor Relations:
Tiffany ...
05/23/23
Q2 Consolidated Net Revenues Up 14% to $8.7 Billion
Q2 Comparable Store Sales Up 11% Globally; Up 12% in North America; Up 7% in International
Q2 GAAP EPS $0.79; Non-GAAP EPS $0.74 Reflecting Stronger-Than-Expected Performance Globally
Q2 Active U.S. Starbucks ® Rewards Membership Reaches 30.8 Million, Up 15% Over Prior Year Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal second quarter ended April 2, 2023. GAAP results in fiscal 2023 and fiscal 2022 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 2023 Highlights Global comparable store sales increased 11%, primarily driven by a 6% increase in comparable transactions and 4% increase in average ticket North America comparable store sales increased 12%, driven by a 6% increase in comparable transactions and a 5% increase in average ...
05/02/23
Starbucks Corporation (Nasdaq: SBUX) plans to release its second quarter fiscal year 2023 financial results after market close on Tuesday, May 2, 2023, 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 2, 2023. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 36,000 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 ...
04/18/23
Lerman brings over three decades of experience in both private and public sector legal and regulatory affairs, global security, and ethics and compliance Starbucks Coffee Company (NASDAQ: SBUX) today announced the appointment of Brad Lerman as executive vice president and general counsel following an extensive internal and external search. Lerman will serve on the executive leadership team, reporting directly to chief executive officer, Laxman Narasimhan, effective May 8, 2023. Lerman joins the company with over three decades of legal and regulatory experience in both the public and private sector. Most recently, Lerman was Senior Vice President, General Counsel and Corporate Secretary of Medtronic, a healthcare technology provider, where he led the global legal function, government affairs and the office of ethics and compliance across the U.S., South America, Europe and Asia. He has also served in similar leadership roles at the Federal National Mortgage Association and Pfizer, ...
04/12/23
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 May 26, 2023, to shareholders of record on May 12, 2023. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 36,000 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 . Forward-Looking Statements Certain statements contained herein are “forward-looking” statements within the meaning of applicable securities laws and regulations. Generally, these ...
04/03/23
Starbucks (NASDAQ: SBUX) announced, effective today, Laxman Narasimhan has assumed the role of chief executive officer and will join the company’s board of directors. Narasimhan was named incoming ceo on September 1, 2022 , succeeding company founder and now former ceo, Howard Schultz. Laxman Narasimhan has assumed the role of Starbucks chief executive officer and will join the company’s board of directors. (Photo: Business Wire) Following the global search for the new leader of Starbucks, Narasimhan joined the company as incoming ceo on October 1, 2022, bringing nearly 30 years of experience leading global consumer goods businesses and advising retail, grocery, restaurant and e-commerce companies. Over the past five months, he has embarked on a unique immersion experience, traveling to work with partners (employees) in over 30 stores, manufacturing plants and in support centers around the world, earning his barista certification along the way. He became immersed in the reinvention ...
03/20/23
Starbucks Corporation (NASDAQ: SBUX) will hold its Annual Meeting of Shareholders (Annual Meeting) on Thursday, March 23, 2023, 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 13, 2023, 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 22, 2023. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 36,000 stores worldwide, the ...
03/02/23
Q1 Consolidated Net Revenues Up 8% to a Record $8.7 Billion
Q1 Comparable Store Sales Up 5% Globally; Up 10% in the U.S; Up Double Digits Internationally, Excluding China
Q1 GAAP EPS $0.74; Non-GAAP EPS $0.75; Performance Materially Impacted by Headwinds in China
Q1 Active U.S. Starbucks ® Rewards Membership Reaches 30.4 Million, Up 15% Over Prior Year, Up 6% Sequentially
Q1 Card Loads Reaches a Record $3.3 Billion; Ranking as #2 U.S. Brand in Holiday Gift Card Activations
Company Reaffirms 2023 Full Year Guidance Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal first quarter ended January 1, 2023. GAAP results in fiscal 2023 and fiscal 2022 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. Q1 Fiscal 2023 Highlights Global comparable store sales increased 5%, primarily driven by a 7% ...
02/02/23
Starbucks Corporation (Nasdaq: SBUX) plans to release its first quarter fiscal year 2023 financial results after market close on Thursday, February 2, 2023 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 3, 2023. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with over 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 ...
01/19/23