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Q3 Consolidated Net Revenues of $4.2 Billion, Down 38% from Prior Year Due to Adverse Impact of COVID-19
Q3 GAAP EPS of -$0.58; Non-GAAP EPS of -$0.46 Reflecting Material Sales Deleverage and Retail Partner Support
COVID-19 Impacts Expected to Moderate Meaningfully in Q4 as Recovery Continues Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended June 28, 2020. GAAP results in fiscal 2020 and fiscal 2019 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. “Since the beginning of the COVID-19 outbreak in January, we have taken a principled approach to navigate the crisis, true to our mission and values. Every step of the way, we have thoughtfully addressed the needs of Starbucks stakeholders and are particularly proud of the industry-leading investments we have made to support our partners ...
07/28/20
Starbucks Corporation (Nasdaq: SBUX) plans to release its third quarter fiscal year 2020 financial results after the market close on Tuesday, July 28, 2020 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 28, 2020. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with over 32,000 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 ...
07/14/20
Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a dividend of $0.41 per share of outstanding Common Stock. The dividend will be payable in cash on August 21, 2020 to shareholders of record on August 7, 2020. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 32,000 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 stories.starbucks.com or www.starbucks.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20200624005799/en/ Starbucks Contact, Investor Relations:
Durga Doraisamy
206-318-7118
...
06/24/20
Starbucks Corporation (Nasdaq: SBUX) today announced that Patrick Grismer, chief financial officer, will participate at the Evercore ISI Virtual Consumer & Retail Summit on Wednesday, June 17, 2020 at 11:45 a.m. ET. The event will be webcast and can be accessed on the company’s website at http://investor.starbucks.com . A replay of the webcast will be available on the company’s website through Friday, July 17, 2020. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with over 32,000 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 version on ...
06/03/20
Starbucks Corporation (Nasdaq: SBUX) today announced that Patrick Grismer, chief financial officer, will participate at the Stifel 2020 Virtual Cross Sector Insight Conference on Wednesday, June 10, 2020 at 11:20 a.m. ET. The event will be webcast and can be accessed on the company’s website at http://investor.starbucks.com . A replay of the webcast will be available on the company’s website through Friday, July 10, 2020. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with over 32,000 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 version on ...
05/27/20
Q2 Consolidated Net Revenues of $6.0 Billion, Down 5% from Prior Year Due to Adverse Impact of COVID-19 Q2 GAAP EPS of $0.28; Non-GAAP EPS of $0.32 Reflecting Material Sales Deleverage and Retail Partner Support COVID-19 Impacts Expected to Intensify in Q3 and Moderate in Q4 Substantial Recovery in China Expected by End of Fiscal 2020 Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter ended March 29, 2020. GAAP results in fiscal 2020 and fiscal 2019 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. “People around the world are united around a common cause as we navigate the COVID-19 situation globally. We are very grateful for the heroic efforts of medical personnel, first responders, government officials and volunteers who are working tirelessly in the service of others. I am exceptionally proud of the ...
04/28/20
Starbucks Corporation (Nasdaq: SBUX) plans to release its second quarter fiscal year 2020 financial results after the market close on Tuesday, April 28, 2020 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 29, 2020. 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 ...
04/14/20
As the world grapples with the vast scale and human impact of COVID-19, Starbucks ceo Kevin Johnson says Starbucks has the financial strength and resilience to manage through this extraordinary time, guided by the company’s Mission and Values   With customer and partner (employee) safety paramount, Starbucks activates its “to go” model for communities across the US & Canada, leveraging the Starbucks mobile ap, Drive Thru and new Starbucks® Delivers. Starbucks offers paid sick leave and catastrophe pay; also announces a new mental-health benefit for U.S. partners and their families. Company celebrates continued recovery in China, with 90 percent of stores now open and the announcement of a new sustainable roasting plant coming in 2022. Company reflects on fiscal 2019 performance and strong financial position; announces Board of Directors authorization to repurchase up to 40 million shares of the company’s common stock. Starbucks Corporation will hold its 28th Annual Meeting of ...
03/18/20
Starbucks Corporation (NASDAQ: SBUX) will hold its Annual Meeting of Shareholders (Annual Meeting) on Wednesday, March 18, 2020 at 10:00 a.m. PT. The meeting, which will be held in a virtual format only , 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 18, 2020. As described in the proxy materials for the Annual Meeting, you are entitled to vote in the Annual Meeting if you were a shareholder as of the close of business on January 10, 2020, the record date, or hold a legal proxy for the meeting provided by your bank, broker, or nominee. To vote in the virtual meeting, you must enter the control number found on your proxy card, voting instruction form or notice you previously received. The virtual meeting can be accessed on the Company’s website: http://investor.starbucks.com. About Starbucks Since 1971, ...
03/13/20
Q1 Comparable Store Sales Up 5% Globally, Led by 6% Comp Growth in the U.S. and 3% Comp Growth in China Global Net Store Growth of 6% Versus Prior Year, Led by 16% Net Store Growth in China GAAP EPS of $0.74; Non-GAAP EPS of $0.79 Active Starbucks® Rewards Membership in the U.S. Up 16% Year-Over-Year to 18.9 Million Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 29, 2019. GAAP results in fiscal 2020 and fiscal 2019 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. “Building on solid business momentum from fiscal 2019, Starbucks performed very well throughout the first quarter, including one of the strongest holiday seasons in the history of our company. As a result, we are off to a strong start in fiscal 2020,” said Kevin Johnson, president and ceo. “Our growth was fueled by a healthy ...
01/28/20
Starbucks Corporation (Nasdaq: SBUX) plans to release its first quarter fiscal year 2020 financial results after the market close on Tuesday, January 28, 2020 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, February 27, 2020. 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 . ...
01/14/20