Press Releases

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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% ...

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 ...