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Press Releases

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Q4 Comparable Store Sales Up 5% Globally, Led by 6% Comp Growth in the U.S. and 5% Comp Growth in China Global Net Store Growth of 7% Versus Prior Year, Led by 17% Net Store Growth in China GAAP EPS of $0.67; Non-GAAP EPS of $0.70, Up 13% Year-Over-Year Active Starbucks® Rewards Membership in the U.S. Up 15% Year-Over-Year to 17.6 Million Returned $12 Billion to Shareholders in Fiscal 2019; Announces Quarterly Dividend Increase of 14% to $0.41 Per Share Introduces Fiscal 2020 Outlook Reaffirming Long-term Operating Growth Model Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2019. GAAP results in fiscal 2019 and fiscal 2018 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. “I’m very pleased with our strong finish to fiscal 2019, as we sustained positive ...
10/30/19
Introduces Realigned Operating Segment Reporting Structure and Statement of Earnings Reclassifications Starbucks Corporation (Nasdaq: SBUX) plans to release its fourth quarter and fiscal year 2019 financial results after the market close on Wednesday, October 30, 2019 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 Thursday, November 28, 2019. In the fourth quarter of fiscal 2019, Starbucks realigned its operating segment reporting structure to better reflect the cumulative effect of the company’s streamlining efforts. Specifically, the previous China/Asia Pacific (“CAP”) segment and Europe, Middle East, and Africa (“EMEA”) segment have been combined into one International segment. The company will continue to provide supplemental information on its two lead ...
10/16/19
Company appoints Ritch Allison, Domino’s CEO; Andrew Campion, NIKE CFO; and Isabel Ge Mahe, Apple’s Vice President and Managing Director of Greater China. Starbucks Corporation (NASDAQ: SBUX) announced today the appointment of Richard (Ritch) E. Allison, Jr., Chief Executive Officer of Domino’s; Andrew (Andy) Campion, Executive Vice President and Chief Financial Officer of NIKE; and Isabel Ge Mahe, Apple’s Vice President and Managing Director of Greater China, to the Starbucks Board of Directors. These appointments increase Starbucks Board of Directors to 13. “As we pursue our goal of building an enduring company, I couldn’t be more excited to have Ritch, Andy and Isabel join our world-class board of directors,” said Kevin Johnson, Starbucks president and chief executive officer. “Their expertise across global technology, retail and customer experience at scale will accelerate our drive to innovate in a way that’s relevant to our customers and inspiring to our partners.” All three ...
09/12/19
Starbucks Corporation (Nasdaq: SBUX) today announced that Patrick Grismer, chief financial officer, will present at Goldman Sachs 26 th Annual Global Retailing Conference in New York on Wednesday, September 4, 2019 at 8:05 a.m. ET. The event 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 through Thursday, October 3rd, 2019. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with over 30,000 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 ...
08/21/19
Our 2018 Global Social Impact Report reflects our aspirations and marks our progress as a company in the areas where we can make the biggest impact – leading in sustainability, strengthening communities and creating opportunities. ...
08/13/19
Q3 Comparable Store Sales Up 6% Globally, Led by 7% Comp Growth in the U.S. and 6% Comp Growth in China Global Net Store Growth of 7% Versus Prior Year, Led by 16% Net Store Growth in China GAAP EPS of $1.12; Non-GAAP EPS of $0.78, Up 26% Year-Over-Year Active Starbucks® Rewards Membership in the U.S. Increases 14% Year-Over-Year to 17.2 Million Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended June 30, 2019. GAAP results in fiscal 2019 and fiscal 2018 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. “Starbucks delivered strong operating performance in the third quarter, further demonstrating that our ‘Growth at Scale’ agenda is working,” says Kevin Johnson, president and ceo. “Our two targeted long-term growth markets, the U.S. and China, performed extremely well across a number of measures as a ...
07/25/19
Starbucks to license technology to Brightloom – formerly eatsa – taking equity stake and seat on the tech company’s board of directors Integration to enable best-in-class digital solutions to be available for restaurants through Brightloom, revolutionizing the digital experience for customers Brightloom will make available cloud-based software solutions to Starbucks global license partners Today, Starbucks Coffee Company (NASDAQ: SBUX) announced a deal with Brightloom (formerly eatsa), a San Francisco and Seattle tech company that is working to create a best-in-class end-to-end digital customer experience platform for the restaurant industry. Starbucks is granting Brightloom a software license to select components of Starbucks proprietary digital flywheel software. In connection with the licensing agreement, Starbucks will take an equity stake in Brightloom and receive a seat on the company’s board of directors. Brightloom will combine its existing technology assets with software ...
07/22/19
Starbucks Corporation (Nasdaq: SBUX) plans to release its third quarter fiscal year 2019 financial results after the market close on Thursday, July 25, 2019 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 Friday, August 23, 2019. 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 stories.starbucks.com or www.starbucks.com . View ...
07/10/19
Starbucks Corporation (Nasdaq: SBUX) today announced that the company will participate at Piper Jaffray’s 39 th Annual Consumer Marketplace Conference in New York on Thursday, June 6, 2019 at 9 a.m. ET. The event 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 through Friday, July 5, 2019. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with over 30,000 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. Starbucks Contact, Investor ...
05/23/19
New licensee commits to accelerate retail growth in the market SEATTLE; Starbucks Coffee Company (NASDAQ:SBUX) today announced it has entered into an agreement with Coffee Concepts Thailand, a joint venture between Maxim’s Caterers Limited and Thai partner, F&N Retail Connection Co., Ltd., to fully license Starbucks retail business in Thailand. Under the agreement that is expected to close by the end of the month, the joint venture will have the exclusive rights to operate and develop Starbucks retail stores in Thailand to accelerate growth across the market. “Starbucks has been proudly serving customers across Thailand for more than 20 years.  This is a significant move for our company and we are pleased to transition the Thailand business to Maxim’s Caterers Limited and F&N Retail Connection Co., Ltd. with their focus on accelerating new store development to realize the full potential of this important market,” said John Culver, group president, Starbucks International, ...
05/23/19
The new $1 billion Sustainability Bond will support Starbucks ethical coffee sourcing and its Greener Retail initiative A portion of the funds will support a new $20 million equity investment in responsAbility Investments AG as part of Starbucks Global Farmer Fund that supports coffee farmers and their communities Starbucks Corporation (NASDAQ: SBUX) today announced that it has completed issuance of a $1 billion Sustainability Bond. It is the largest Sustainability Bond the Company has issued to date and follows two previously issued Sustainability Bonds in 2016 and 2017 . This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190513005652/en/ Funds from the bond will support Starbucks ongoing work around ethically sourced coffee, including its work around agronomy research and development and the donation of coffee trees to farmers. (Photo: Business Wire) “We are very pleased to see that our new Sustainability Bond attracted ...
05/13/19
Q2 Comparable Store Sales Up 3% Globally, Driven by 4% Comp Growth in the U.S. and 3% Comp Growth in China Global Net Store Growth of 7% Versus Prior Year, Led by 17% Net Store Growth in China Global Retail Business Surpasses 30,000 Stores GAAP EPS of $0.53; Non-GAAP EPS of $0.60, Up 13% Year-Over-Year Active Starbucks ® Rewards Membership in the U.S. Increases 13% Year-Over-Year to 16.8 Million Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter ended March 31, 2019. GAAP results in fiscal 2019 and fiscal 2018 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. “Starbucks delivered another quarter of solid operating results, demonstrating that our ‘Growth at Scale’ agenda is working,” said Kevin Johnson, president and ceo. “We are especially pleased with our comparable store sales ...
04/25/19
Starbucks Corporation (Nasdaq: SBUX) plans to release its second quarter fiscal year 2019 financial results after the market close on Thursday, April 25, 2019 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 Friday, May 24, 2019. 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 stories.starbucks.com or  www.starbucks.com . ...
04/10/19
In the largest shareholder meeting in company history, Starbucks celebrates transformative year in fiscal 2018, highlighted by double digit growth in topline revenue of $24.7 billion, up 10% over the prior year; reaffirms ongoing growth algorithm of consolidated revenue growth of 7% to 9% and non-GAAP earnings per share growth of at least 10%. Company unveils plans to modernize the Starbucks Experience with a focus on three key attributes: convenience, comfort and connection. Announced $100 million cornerstone investment in Valor Siren Ventures to accelerate innovation in “new retail.” With a focus on disciplined growth in U.S. and China, Starbucks celebrates the 30,000th store opening. Reaffirming its commitment to remain a company that believes in the pursuit of doing good, Starbucks announced it maintained equity in pay for race and gender in the U.S. for the second consecutive year and verified gender equity in pay in China and Canada. Company demonstrates latest innovations in ...
03/20/19
Company focuses on new ideas and technologies that are relevant to customers, inspiring to partners (employees), and meaningful to the Starbucks business Starbucks Corporation (NASDAQ: SBUX) today announced its pioneering investment in the new Valor Siren Ventures I L.P. (“VSV”), which will serve as a growth driver for the next generation of food and retail start-up technology companies. Managed by Valor Equity Partners, a leading growth-focused private equity investment firm that was among the first investors in food technology, the new fund will identify and invest in companies that are developing technologies, products, and solutions relating to food or retail. These verticals are increasingly relevant to Starbucks as it seeks to support its world-class talent with an innovation agenda accelerated by external relationships. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190320005248/en/ The Starbucks $100 million ...
03/20/19
More choice and ability to immediately earn Stars among updates to bring instant value to more than 16M members Today, Starbucks (NASDAQ: SBUX) announced a suite of enhancements coming to its rapidly-growing Starbucks® Rewards™ loyalty program, bringing more than 16 million members flexibility and choice when redeeming Stars at Starbucks® stores. Beginning April 16, all members will be able to earn and redeem Stars for Rewards immediately after joining the program, bringing instant value to its growing fanbase. Members will continue to earn 2 Stars for every $1 spent when using a registered Starbucks Card for eligible purchases at Starbucks stores. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190319005209/en/ Starbucks announced a suite of enhancements coming to its rapidly-growing Starbucks® Rewards™ loyalty program. (Photo: Business Wire) The industry-leading Starbucks Rewards program - introduced in 2009 - continues to ...
03/19/19
Starbucks Corporation (NASDAQ: SBUX) will hold its Annual Meeting of Shareholders on Wednesday, March 20, 2019 at 10:00 a.m. PT. The meeting 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, September 20, 2019. 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, 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 stories.starbucks.com or  starbucks.com . View source version on businesswire.com: ...
03/14/19
Q1 Consolidated Net Revenues Up 9% to Record $6.6 Billion Q1 Comparable Store Sales Up 4% Globally Driven by 4% Growth in the U.S. China Comparable Store Sales Up 1% in Q1 and Total China Stores Up 18% Versus Prior Year GAAP EPS of $0.61; Non-GAAP EPS of $0.75, Up 15% Year-Over-Year Including Income Tax Favorability Active Starbucks Rewards TM Membership in the U.S. Increases 14% Year-Over-Year to 16.3 Million Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 30, 2018. GAAP results in fiscal 2019 and fiscal 2018 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. “Starbucks delivered solid operating results in the first quarter, demonstrating continued momentum in our business, as we drive our growth-at-scale agenda with focus and discipline,” said Kevin Johnson, president and ...
01/24/19
Starbucks Corporation (Nasdaq: SBUX) plans to release its first quarter fiscal year 2019 financial results after the market close on Thursday, January 24, 2019 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 Friday, February 22, 2019. 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 ...
01/09/19