Starbucks Newsroom

Starbucks Reports Record Second Quarter Fiscal 2012 Results

Thu, 26 Apr 2012 13:00:00 EST

SEATTLE, April 26, 2012 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal second quarter ended April 1, 2012.

Fiscal Second Quarter 2012 Highlights:

Total net revenues increased 15% to $3.2 billion

Global comparable store sales increased 7%, driven by a 6% increase in traffic and a 1% increase in average ticket

EPS increased 18% to $0.40 per share, compared to $0.34 per share in Q2 FY11

Channel Development revenues increased 57%, driven by sales of Starbucks- and Tazo-branded K-Cup® packs and the benefit of recognizing the full revenue from packaged coffee sales under the direct distribution model

Starbucks opened 176 net new stores globally, including its 3,000^th store in the China/Asia Pacific segment, its first store in Norway and the first Evolution Fresh™ store in Bellevue, Wash.

"Starbucks record Q2 performance demonstrates the strength of our business, the increasing power and global relevance of our brand and the success of our unique Blueprint for Profitable Growth business strategy," said Howard Schultz, chairman, president and ceo. "In Q2 we expanded our retail presence, recorded our seventh consecutive quarter of over 20% sales growth in China, introduced new products into multiple channels and more than offset high legacy commodity costs through increased efficiencies. I could not be more excited or more optimistic about the future of our company as we pursue disciplined, profitable growth all around the world," Schultz added.

 

Starbucks Announces Q2 Fiscal Year 2012 Results Conference Call

Wed, 11 Apr 2012 00:00:00 EST

SEATTLE; April 11, 2012 – Starbucks Corporation (NASDAQ: SBUX) plans to release its second quarter fiscal year 2012 financial results after the market close on Thursday, April 26, 2012, with a conference call and webcast to follow at 2:00 p.m. PT.  The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com.  A replay of the webcast will be available on the company’s website until end of day Friday, May 25, 2012.

Starbucks to Webcast 2012 Annual Meeting of Shareholders

Fri, 16 Mar 2012 00:00:00 EST

SEATTLE; March 16, 2012 – Starbucks Corporation (NASDAQ: SBUX) will hold its 2012 annual meeting of shareholders on Wednesday, March 21, 2012 at 10:00 a.m. PT. The event will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com. A replay of the webcast will be available on the company’s website until Wednesday, April 25, 2012.

Starbucks Reports Record First Quarter Fiscal 2012 Results

Thu, 26 Jan 2012 13:00:00 EST

SEATTLE, January 26, 2012 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal first quarter ended January 1, 2012. Results are presented under the new reporting segments, which were effective with the beginning of fiscal 2012.

Fiscal First Quarter 2012 Highlights:

Total net revenues increased 16% to a record $3.4 billion

Global comparable store sales increased 9%, driven by a 7% increase in traffic and a 2% increase in average ticket

Starbucks opened 241 net new stores globally, reaching 500 stores in both mainland China and Latin America

CPG revenue increased 72%, driven by the launch of Starbucks- and Tazo-branded K-Cup® packs and the impact of the Q2 FY11 transition of packaged coffee and tea to the direct distribution model
- Over 100 million Starbucks- and Tazo-branded K-Cup® packs shipped in Q1 following the November 1^st launch

EPS increased 11% to a record $0.50 per share, compared to $0.45 per share in Q1 FY11

Starbucks to Host Conference Call to Review Segment Reporting Changes

Thu, 12 Jan 2012 06:00:00 EST

SEATTLE, January 12, 2012 - Starbucks Corporation (NASDAQ:SBUX) will host a 30-minute conference call led by CFO Troy Alstead on Friday, January 13, 2012, at 10:00 a.m. PT to provide a brief overview of Starbucks new reporting segments. The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com. A replay of the webcast will be available on the company’s website until Friday, Feb 10, 2012.

The company filed an 8-K earlier today with its three-year historical financial results under the new reporting segments, which can also be found on the company’s website along with additional supplemental information.

 

Starbucks to Present at Morgan Stanley Global Consumer Conference

Tue, 08 Nov 2011 14:00:00 EST

SEATTLE, November 08, 2011 - Starbucks Corporation (NASDAQ: SBUX) will be presenting on Tuesday, November 15, 2011 at the Morgan Stanley Global Consumer Conference in New York at 1:30 p.m. Eastern Time. A live webcast of the presentation will be available at http://investor.starbucks.com. An archived webcast will be available on Starbucks website, at the same URL, through Friday, December 16, 2011.

 

Starbucks Reports Record Fourth Quarter and Record Fiscal 2011 Results

Thu, 03 Nov 2011 13:00:00 EST

SEATTLE, November 03, 2011 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended October 2, 2011. These results include the impact of non-routine gains related to the sale of corporate real estate and the acquisition of the company’s joint venture operations in Switzerland and Austria. The comparable prior-year periods included 14 and 53 weeks, respectively, as fiscal 2010 contained an extra week. In addition, fiscal 2010 results also included the impact of restructuring charges. A reconciliation of select GAAP measures to non-GAAP measures is available at the end of this document.

Fiscal Fourth Quarter 2011 Highlights:

EPS increased 27% to $0.47 in Q4 FY11, including $0.10 attributable to non-routine gains, compared to $0.37 per share in Q4 FY10, which included approximately $0.05 related to the extra week
- EPS increased 16% to a record $0.37 from $0.32 per share, excluding the non-routine gains in Q4 FY11, and the impact of restructuring and the extra week in Q4 FY10

Total net revenues reached a record $3.0 billion, an increase of 7% from the 14-week period in FY10, and an increase of approximately 15% on a comparative 13-week basis

Global comparable store sales increased 9% on a comparative 13-week basis, driven by a 6% increase in traffic and a 3% increase in average ticket

Consolidated operating margin reached 14.8%, up 70 basis points over the prior-year period’s GAAP results
- Operating margin expanded 60 basis points to 13.8% from 13.2% on a non-GAAP basis, which excludes the non-routine gain in Q4 FY11 and the impact of restructuring and the extra week in Q4 FY10

The Board of Directors declared a cash dividend of $0.17 per share, a 31% increase from $0.13 per share

The Board also authorized the repurchase of up to an additional 20 million shares of the company’s common stock

Starbucks Announces Q4 and Fiscal Year End 2011 Results Conference Call

Thu, 20 Oct 2011 00:00:00 EST

SEATTLE; October 20, 2011 – Starbucks Corporation (NASDAQ: SBUX) plans to release its fourth quarter and fiscal year end 2011 financial results after the market close on Thursday, November 3, 2011, with a conference call and webcast to follow at 2:00 p.m. PT. The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com.  A replay of the webcast will be available on the company’s website until Friday, December 2, 2011.

 

Starbucks Reports Record Third Quarter 2011 Results

Thu, 28 Jul 2011 13:00:00 EST

SEATTLE, July 28, 2011 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its fiscal third quarter ended July 3, 2011 and introduced FY12 targets.

Fiscal Third Quarter 2011 Highlights:

Total net revenues increased 12% to $2.9 billion

Global comparable store sales increased 8%, driven by a 6% increase in traffic and a 2% increase in average ticket

Consolidated operating margin was 13.7%, up 120 basis points over prior-year period’s GAAP results and 40 basis points over prior-year period’s non-GAAP results
- U.S. operating margin improved 300 basis points to 18.8% on a GAAP basis and 210 basis points over the prior-year period’s non-GAAP results
- International operating margin improved 200 basis points to 12.2% on a GAAP basis and 140 basis points over the prior-year period’s non-GAAP results

Global CPG operating income increased to $66.0 million, up 20% over prior-year period

EPS increased 33% to $0.36 in Q3 FY11 compared to $0.27 in Q3 FY10

The Board of Directors declared a $0.13 per share cash dividend to shareholders of record as of August 10, 2011, which will be paid on August 26, 2011

Starbucks Announces Q3 Fiscal Year 2011 Results Conference Call

Thu, 14 Jul 2011 00:00:00 EST

SEATTLE; July 14, 2011 – Starbucks Corporation (NASDAQ: SBUX) plans to release its third quarter fiscal year 2011 financial results after the market close on Thursday, July 28, 2011, with a conference call and webcast to follow at 2:00 p.m. PT. The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com.  A replay of the webcast will be available on the company’s website until Friday, August 26, 2011.

 

Starbucks Reports Record Second Quarter 2011 Results

Wed, 27 Apr 2011 13:00:00 EST

SEATTLE, April 27, 2011 - Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its fiscal second quarter ended April 3, 2011.

Fiscal Second Quarter 2011 Highlights:

Total net revenues increased 10% to $2.8 billion

Comparable store sales increased 7%, driven by a 6% increase in traffic and a 1% increase in average ticket
- U.S. comparable store sales increased 7%, driven by a 6% increase in traffic and a 1% increase in average ticket
- International comparable store sales increased 4%, driven by an increase in traffic

Consolidated operating margin was 13.5%: up 10 basis points on a GAAP basis and down 20 basis points over the prior-year period’s non-GAAP results
- U.S. operating margin improved to 18.5%: up 70 basis points on a GAAP basis and up 60 basis points over the prior-year period’s non-GAAP results
- International operating margin improved to 11.8%: up 420 basis points on a GAAP basis and up 290 basis points over the prior-year period’s non-GAAP results

EPS increased 21% to $0.34 in Q2 FY11 compared to $0.28 in Q2 FY10

On March 1, Starbucks assumed direct management of its packaged coffee business

On March 10, the company announced a strategic relationship with Green Mountain Coffee Roasters for the manufacturing, marketing, distribution and sale of Starbucks® coffee and Tazo® tea branded K-Cup® portion packs for use in the Keurig® Single-Cup Brewing system, making Starbucks the exclusive, licensed super-premium brand on the Keurig® platform

The Board of Directors declared a $0.13 per share cash dividend to shareholders of record as of May 11, 2011, which will be paid on May 27, 2011

Starbucks Outlines Blueprint for Profitable Growth at Annual Shareholders Meeting

Wed, 23 Mar 2011 12:30:00 EST

SEATTLE, March 23, 2011 - Celebrating 40 years of history and reaffirming solid growth plans for the future, Starbucks Corporation (NASDAQ:SBUX) today hosted its 20^th annual shareholders’ meeting, with more than 2,000 in attendance. Starbucks leadership team, led by Howard Schultz, chairman, president and ceo, honored the company’s 40-year history of providing exceptional coffee, world-class customer experience, commitment to its partners (employees) and dedication to operating as a responsible corporate citizen. The management team also reaffirmed growth plans for a new, evolved business. The focus remains on building a truly global consumer company by harnessing a powerful portfolio of brands with a unique business model, combining a global retail footprint with a significant Consumer Products (CPG) business, and leveraging direct customer engagement that drives growth across all channels globally.

 

Starbucks Corporation and Green Mountain Coffee Roasters, Inc. Enter Into Strategic Manufacturing, Marketing, Distribution and Sales Relationship

Thu, 10 Mar 2011 03:00:00 EST

SEATTLE & WATERBURY, Vt., March 10, 2011 - Starbucks Corporation (NASDAQ:SBUX), the world’s premier roaster, marketer and retailer of specialty coffees, and Green Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ:GMCR), a leader in specialty coffee and single-serve brewing systems, today announced a strategic relationship for the manufacturing, marketing, distribution and sale of Starbucks^® and Tazo^® tea branded K-Cup^® portion packs for use in GMCR’s Keurig^® Single-Cup brewing system. The new relationship will provide owners of Keurig Single-Cup Brewers with the additional choice afforded by having Starbucks branded super-premium coffees available for their brewers, and furthers Starbucks stated goals of expanding its presence in premium single-cup coffee, making its premium coffees conveniently available to consumers whenever, wherever and however they want it.

Starbucks is the exclusive, licensed super-premium coffee brand produced by GMCR for the Keurig Single-Cup brewing system. Starbucks and GMCR plan to make Starbucks K-Cup portion packs available through food, drug, mass, club, specialty and department store retailers throughout the U.S. and Canada beginning in the fall of 2011. The companies expect to expand Starbucks K-Cup portion pack and Keurig Single-Cup Brewing system distribution to Starbucks stores and to make Starbucks K-Cup portion packs available through GMCR’s consumer-direct websites: www.greenmountaincoffee.com and www.keurig.com, and Starbucks consumer-direct website: www.starbucks.com beginning in 2012.

 

Starbucks Reports Record First Quarter 2011 Results

Wed, 26 Jan 2011 00:00:00 EST

Starbucks Outlines Blueprint for Multi-Channel Growth

Wed, 01 Dec 2010 10:00:00 EST

NEW YORK, December 01, 2010 - Starbucks (NASDAQ: SBUX) today detailed strategies for its next phase of growth at the company’s biennial Investor Conference. Building on its continued strength in attracting global consumers to its stores and growing its business in that critical channel, Starbucks senior leaders outlined plans to create a multi-faceted, global consumer brand and the significant potential to achieve a greater share of the nearly $145 billion world coffee market with a renewed focus on innovation and expansion.

 

Statement: Update on Starbucks Consumer Packaged Goods Business

Thu, 04 Nov 2010 14:00:00 EST

SEATTLE, November 04, 2010 - Since 1998, Starbucks (Nasdaq: SBUX) packaged coffee has been distributed to grocery stores and other outlets by Kraft Foods. A month ago Starbucks informed Kraft of its intention to end that distribution arrangement. The details and timing around any transition will be subject to further private dialogue. Starbucks intends to work closely with Kraft to ensure an orderly transition, putting an emphasis on ensuring their mutual customers are well served. Starbucks intends to keep the discussions with Kraft private and will not be providing further details or comments at this time.

 

Starbucks Reports Record Fourth Quarter and Fiscal 2010 Results

Thu, 04 Nov 2010 13:00:00 EST

SEATTLE, November 04, 2010 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its fiscal fourth quarter and fiscal year ended October 3, 2010, periods that included 14 weeks and 53 weeks, respectively, as fiscal 2010 contained an extra week. The company also updated its FY11 targets.

Fiscal Fourth Quarter 2010 Highlights:

Total net revenues increased 17.2% to $2.8 billion; on a 13-week basis, total net revenues increased 8.6% to $2.6 billion

Comparable store sales increased 8%, driven by a 5% increase in traffic and a 2% increase in average ticket
- U.S. comparable store sales increased 8%, driven by a 6% increase in traffic and a 2% increase in average ticket
- International comparable store sales increased 7%, driven by a 4% increase in traffic and a 3% increase in average ticket

Consolidated operating margin improved 590 basis points to 14.1%; Non-GAAP operating margin increased 390 basis points to 14.3%
- U.S. operating margin improved 800 basis points to 17.3%; U.S. Non-GAAP operating margin increased 530 basis points to 17.4%
- International operating margin improved 620 basis points to 13.8%; International Non-GAAP operating margin increased 600 basis points to 14.7%

EPS increased to $0.37 in Q4 FY10 compared to $0.20 in Q4 FY09; Non-GAAP EPS increased to $0.37 in Q4 FY10 compared to $0.24 in Q4 FY09

Starbucks Responds to Surging Green Coffee Prices

Wed, 22 Sep 2010 13:00:00 EST

SEATTLE, September 22, 2010 - Starbucks (NASDAQ: SBUX) today responded to the recent dramatic increases in the price of green arabica coffee, currently close to a 13-year high, as well as significant volatility in the price of other key raw ingredients, including dairy, sugar and cocoa. The company announced that while it has no plans to raise prices of beverages or packaged coffee sold in Starbucks U.S. or international stores across-the-board, it does plan to implement targeted price adjustments on certain beverages in certain markets. The company further announced that it will continue to closely monitor green coffee prices, and that it could not rule out the possibility of raising the price of packaged coffee in other channels, including grocery, in coming months.

Starbucks Reports Record Third Quarter Earnings

Wed, 21 Jul 2010 13:00:00 EST

SEATTLE, July 21, 2010 - Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its fiscal third quarter ended June 27, 2010, updated FY10 targets, and introduced FY11 targets.

Fiscal Third Quarter 2010 Highlights:

Comparable store sales increased 9%, driven by a 6% increase in traffic and a 3% increase in average ticket
- U.S. comparable store sales increased 9%, driven by a 6% increase in traffic and a 3% increase in average ticket
- International comparable store sales increased 6%, driven by a 4% increase in traffic and a 2% increase in average ticket

Consolidated operating margin improved 400 basis points to 12.5% from 8.5% in Q3 FY09; Non-GAAP operating margin increased 270 basis points to 13.3%
- U.S. operating margin significantly improved to 15.6% from 10.8% in Q3 FY09; U.S. Non-GAAP operating margin increased to 16.5% from 13.0% in the prior-year period
- International operating margin improved to 10.3% from 7.2% in Q3 FY09; International Non-GAAP operating margin increased to 10.9% from 8.1% in the prior-year period

EPS increased to $0.27 compared to $0.20 in Q3 FY09; Non-GAAP EPS was $0.29 compared to $0.24 in Q3 FY09

Starbucks VIA® Ready Brew reached 37,000 points of distribution in North America, U.K. and Japan.

Starbucks Reports Record Second Quarter Earnings

Wed, 21 Apr 2010 13:00:00 EST

SEATTLE, April 21, 2010 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its fiscal second quarter ended March 28, 2010 and updated FY10 targets.

 

Starbucks Posts Strong Third Quarter Fiscal 2009 Results

Tue, 21 Jul 2009 13:00:00 EST

Starbucks Reports Second Quarter Fiscal 2009 Results

Wed, 29 Apr 2009 13:00:00 EST

Starbucks Details Strategy for Profitable Growth

Wed, 18 Mar 2009 12:00:00 EST

SEATTLE, March 18, 2009 - Starbucks Coffee Company (NASDAQ:SBUX) today held its Annual Meeting of Shareholders in Seattle where Howard Schultz, chairman, president and ceo, outlined the company’s strategy to grow for the long term. 

 

“Despite the challenging economic environment, Starbucks is profitable, has a strong balance sheet and generates solid cash from operations,” said Schultz. “Our customers’ connection with, and trust in the Starbucks brand remains at a high level. We are laser-focused on delivering the finest quality coffee and getting the customer experience right every time.  

“We’ve also been putting our feet into the shoes of our customers and are responding directly to their needs,” said Schultz. “Our customers are telling us they want value and quality and we will deliver that in a way that is both meaningful to them and authentic to Starbucks.”

 

Starbucks Reports First Quarter Fiscal 2009 Results

Wed, 28 Jan 2009 13:00:00 EST

Starbucks Corporation today reported financial results for its first quarter ended December 28, 2008 and announced additional cost savings initiatives for fiscal 2009.

Consolidated net revenues were $2.6 billion for the first quarter of fiscal 2009, a decrease of six percent, compared with $2.8 billion for the first quarter of 2008, driven by a decline in consolidated comparable store sales of nine percent. During the quarter, the company recognized $75.5 million in pre-tax restructuring charges, primarily related to the U.S. company-operated store closures, which impacted first quarter of fiscal 2009 earnings per share (EPS) by approximately $0.06 per share. For the 13-week period ended December 28, 2008, Starbucks reported net income of $64.3 million and non-GAAP net income of $113.1 million, compared with reported net income of $208.1 million for the same period a year ago. Earnings per share for the quarter was $0.09 and non-GAAP EPS was $0.15, compared with reported EPS of $0.28 in the first quarter of fiscal 2008.