Starbucks Newsroom

Starbucks Announces Leadership Moves to Accelerate Global Growth Agenda

Wed, 16 May 2012 16:00:00 EST

SEATTLE, May 16, 2012 - Starbucks Coffee Company (NASDAQ:SBUX) today announced several leadership changes to accelerate its innovation and growth. The company announced the following leadership moves as it further strengthens its three-region operating model:

Lucy Lee Helm was named executive vice president, general counsel and secretary

Arthur Rubinfeld was named chief creative officer and president, Global Development and Evolution Fresh Retail

Annie Young-Scrivner was named executive vice president and president, Starbucks Canada

Colin Moore was named senior vice president, Enterprise Optimization

Craig Russell was named senior vice president, Global Coffee coinciding with the retirement of Dub Hay as senior vice president, Global Coffee Authority this November

“As we continue to sharpen our focus and strengthen our three-region operating model, local relevancy and speed of decision making are two critical requirements we must deliver so that we can seize opportunities,” said Howard Schultz, Starbucks chairman, president and ceo. “We will never rest when it comes to coffee innovation and elevating the overall coffee experience for our customers. The leadership moves we announced today will enable us to more swiftly position ourselves for the exciting opportunities ahead while never losing sight of the fact that we are a global brand with a rich heritage in coffee, long-standing values, and the responsibility to use our scale for good.”

 

Starbucks Opens First Store in Finland at Helsinki Airport

Mon, 14 May 2012 00:00:00 EST

Helsinki, Finland, May 14, 2012 – Starbucks Coffee Company (NASDAQ: SBUX), and  SSP, the leading dedicated provider of food and beverage brands in travel locations worldwide, today announced the opening of the first Starbucks store in Finland at Helsinki Airport, conveniently located in Terminal 2, Arrivals Hall 2B. The store will open its doors to the public on Tuesday, May 15. With today’s announcement, Starbucks further extends its presence across the Nordic markets.

Starbucks Appoints Former Defense Secretary Robert Gates to Board of Directors

Wed, 02 May 2012 06:00:00 EST

SEATTLE, May 02, 2012 - Starbucks Corporation (NASDAQ:SBUX) announced today that Robert M. Gates, former U.S. Secretary of Defense and current chancellor of the College of William & Mary, was elected to the Starbucks Board of Directors. He will serve on the Board’s Nominating and Corporate Governance Committee.

“We are honored and humbled to be adding this distinguished American leader to Starbucks Board of Directors,” said Howard Schultz, chairman, president and ceo. “Secretary Gates has devoted his life to serving our country and our next generation of leaders and public servants. His unique global perspective and more than four decades of distinguished public service will complement and strengthen our Board as we accelerate our global growth and expand our commitment to the communities where we do business all around the world.”

 

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.

 

The Starbucks Experience Comes to Disney Theme Parks

Mon, 23 Apr 2012 07:30:00 EST

SEATTLE & LAKE BUENA VISTA, Fla., April 23, 2012 - Starbucks Coffee Company (NASDAQ: SBUX) and Walt Disney Parks and Resorts today announced that Starbucks will soon be available at all Disney theme parks at Disneyland Resort in Anaheim, Calif., and Walt Disney World Resort in Lake Buena Vista, Fla.

This summer, the first of six Starbucks cafés will open at Disney California Adventure. The additional stores are planned for Disneyland Park and Walt Disney World Resort, including locations at Magic Kingdom, Epcot, Disney’s Hollywood Studios, and Disney’s Animal Kingdom.

 

Starbucks Personalizes Approach to Community Involvement

Thu, 12 Apr 2012 07:00:00 EST

SEATTLE, April 12, 2012 - Over the past 40 years, Starbucks (NASDAQ:SBUX) has committed to inspiring and investing in community action around the world, empowering partners (employees) and customers to personalize their involvement. Throughout the month of April, Starbucks celebrates its commitment to community by hosting the company’s second annual Global Month of Service as well as launching a new Community Card: Vote.Give.Grow. program. Through the Vote.Give.Grow. program, The Starbucks Foundation is investing $4 million dollars into local U.S. communities through grants to more than 120 nonprofits operating in these neighborhoods. Starbucks is inviting its partners and customers to help direct this funding by voting on local nonprofits in their community throughout the month of April.

 

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.

Google Offers and Banana Republic to Support Create Jobs for USA Fund

Tue, 03 Apr 2012 05:30:00 EST

SEATTLE, April 03, 2012 - Google Offers and Banana Republic are joining with Starbucks Coffee Company (NASDAQ:SBUX) and Opportunity Finance Network® (OFN) to support Create Jobs for USA, an innovative program enabling Americans to help Americans get back to work.

Tomorrow, Google Offers (www.google.com/offers) will run an exclusive Starbucks offer featuring a $10 Starbucks Card eGift for $5. In support of the Create Jobs for USA Fund, Google Offers will donate $3 for each offer sold to OFN, up to $3 million.

Banana Republic will support the program with two special shopping events during the year. During the events customers will receive 25 percent off their purchases in Banana Republic stores in the United States and at www.bananarepublic.com. Banana Republic will donate five percent of the total purchases during these events to OFN in support of the Create Jobs for USA Fund, up to $500,000 from each special event for a total of up to $1 million. The first event will run Thursday, April 19 – Sunday, April 22.

 

Starbucks Releases 11th Annual Global Responsibility Report at Annual Meeting of Shareholders

Wed, 21 Mar 2012 11:00:00 EST

SEATTLE, March 21, 2012 - At its Annual Meeting of Shareholders, Starbucks Coffee Company (NASDAQ: SBUX) today announced the availability of its 11th annual Global Responsibility Report, outlining fiscal year 2011 performance in its effort to help communities thrive through ethical sourcing, environmental stewardship and community engagement. The interactive report is now available online at www.starbucks.com/GRreport.

“The release of this year’s report at the Annual Meeting underscores our belief that the value of our company is directly connected to the values of our company,” said Vivek Varma, Starbucks executive vice president of Public Affairs. “We believe it’s critical that companies – including Starbucks – share the values of our customers and partners (employees) and demonstrate our commitment to those values in impactful ways that help our communities and planet thrive.”

 

Starbucks Spotlights Connection Between Record Performance, Shareholder Value and Company Values at Annual Meeting of Shareholders

Wed, 21 Mar 2012 10:00:00 EST

SEATTLE, March 21, 2012 - Starbucks Coffee Company (NASDAQ: SBUX) today held its Annual Meeting of Shareholders in Seattle, where Howard Schultz, chairman, president and ceo attributed the company’s success to its long-standing commitment to helping communities thrive wherever around the world it does business.

“For any company operating today, profitability cannot be the sole measure of success,” Schultz said. “Delivering long-term shareholder value is essential. But today’s increasingly complex world requires companies – including Starbucks – to hold ourselves to higher standards. Amidst continued worldwide economic uncertainty, Starbucks has demonstrated that it will continue to build shareholder value, but never before has that value been more closely aligned to our values. Simply put, the value of your company is driven by your company’s values.”

 

Starbucks and Green Mountain Coffee Roasters, Inc. Expand Strategic Relationship

Wed, 21 Mar 2012 06:15:00 EST

SEATTLE & WATERBURY, Vt., March 21, 2012 - Starbucks Coffee Company (NASDAQ: SBUX) and Green Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ: GMCR), a leader in specialty coffee and coffee makers, today announced the expansion of their strategic relationship for the manufacturing, marketing, distribution and sale of Starbucks-branded Vue^™ packs for use in GMCR’s recently introduced Keurig^® Vue^™ Brewer.

“We are proud to expand our relationship with Green Mountain Coffee Roasters and are looking forward to working with our colleagues at GMCR to further accelerate growth in premium single-serve coffee,” said Jeff Hansberry, president, Channel Development, for Starbucks. “Premium single cup is the fastest-growing segment of global coffee, and the expansion of our relationship with GMCR allows us to grow further, faster, in the single cup category.”

 

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 Appoints New Chief Digital and Information Officers

Fri, 09 Mar 2012 05:00:00 EST

SEATTLE, March 09, 2012 - Starbucks Coffee Company (NASDAQ: SBUX) today announced the promotion of two senior leaders as the company continues to innovate in the way it engages, recognizes and rewards customers and partners (employees) through meaningful digital experiences. Adam Brotman was appointed chief digital officer and Curt Garner was named chief information officer.

“Over the past several years, there has been a seismic shift in consumer behavior in large part because of the rapid adoption of social and digital media as a primary means of connection and communication,” said Howard Schultz, Starbucks chairman, president and ceo. “At Starbucks, we have recognized this shift and have made it a priority to establish a position on the leading edge of innovation and are now taking this a step further. Adam, Curt and their respective teams will continue to lead the way as we accelerate our digital and technology investments.

Starbucks to Announce New Initiative in the Premium Single Cup Category Today

Thu, 08 Mar 2012 06:00:00 EST

TO JOIN THE WEBCAST AT 2:00 P.M. PST, PLEASE CLICK HERE

SEATTLE, March 08, 2012 - As part of its commitment to bring exceptional coffee to its customers, Starbucks Coffee Company (NASDAQ:SBUX) will today announce a new strategic initiative in the Premium Single Cup Category.

Webcast Information

Starbucks chairman, president and ceo Howard Schultz and Starbucks president, Channel Development, Jeff Hansberry, will host a webcast today at 2:00 p.m. PST. A simultaneous webcast will be available and subsequently archived at Starbucks Newsroom at http://news.starbucks.com.

Fact Sheet: New Milk Steaming Pitcher

Tue, 06 Mar 2012 00:00:00 EST

Starbucks customers expect high-quality espresso beverages. From pulling the perfect shot of espresso, to creating velvety steamed milk, and connecting with customers, Starbucks baristas constantly strive to exceed these expectations by making delicious, handcrafted beverages. 

This spring, Starbucks introduces an innovative new milk steaming pitcher that enables Starbucks highly-trained baristas to consistently steam milk with a velvety texture and help ensure that high-quality espresso beverages are handcrafted perfectly every time. 

 

‘Create Your Deliciousness’ on Facebook to Win Free Seattle’s Best Coffee at BURGER KING, Subway and at Home

Wed, 15 Feb 2012 05:00:00 EST

SEATTLE (BUSINESS WIRE), February 15, 2012 - Coffee drinkers who think outside of the mug are invited to unleash their coffee creativity on the Seattle’s Best Coffee Facebook page for the chance to win free coffee.

 

Target Names Starbucks Coffee Retailer for Canada Stores

Wed, 15 Feb 2012 00:00:00 EST

TORONTO, February 15, 2012 – Target’s Canadian guests will have the opportunity to enjoy the Starbucks experience while shopping as a result of a new agreement between Target Canada Co. and Starbucks Coffee Canada, Inc. Under the terms of the agreement, the majority of the 125 – 135 Target locations across Canada will feature Starbucks licensed stores.

“Starbucks has been a valued partner for more than 12 years and an integral part of the Target guest experience in the U.S.,” said John Morioka, senior vice president of merchandising, Target Canada.

“Our goal is to bring the true Target brand shopping experience to our Canadian guests, so expanding our relationship with Starbucks as we enter the Canadian marketplace is a natural fit.” 

Starbucks store openings will coincide with Target’s entrance into the Canadian market beginning in spring of 2013.  In addition to offering guests their favourite customized beverages, many stores will have breakfast and lunch sandwich selections, as well as whole bean coffee and Starbucks VIA Ready Brew offerings, and other merchandise.

 

Forget the Flowers, Poems and Chocolate: Seattle’s Best Coffee Survey Reveals Sharing Coffee Leads to a Better Relationship

Fri, 10 Feb 2012 00:00:00 EST

Starbucks Exceeds Goals with More Than 100 Million Starbucks® K-Cup® Packs Shipped

Thu, 26 Jan 2012 21:00:00 EST

SEATTLE, January 26, 2012 - At the end of 2011, just two months after the launch, Starbucks Coffee Company (NASDAQ:SBUX) shipped more than 100 million K-Cup® packs and achieved a weighted All Commodity Volume (ACV) distribution across all channels of approximately 71 percent.*

“Thus far, we’ve reached 11 percent dollar share in the premium single cup segment with Starbucks® Coffee K-Cup® Packs,” said Jeff Hansberry, president, Channel Development for Starbucks.** “Our focus with the initial launch has been on Keurig® Single Cup Brewer owners. Our next big opportunity will be to attract new customers to the category. We are confident the combination of the Starbucks Experience with the quality and value of Starbucks® Coffee K-Cup® Packs will ultimately make this a billion-dollar business over time.”

Little Big Show Benefit Concert Series to Rock Seattle Non-Profit Arts Organizations

Thu, 26 Jan 2012 16:00:00 EST

SEATTLE, January 26, 2012 - Today Starbucks, KEXP and Seattle Theatre Group (STG) launch the Little Big Show, a new quarterly benefit concert series that helps Pacific Northwest citizens make a difference in the community as music fans. The face value of tickets (excluding possible fees and/or service charges) will be donated to local non-profit organizations in support of arts-based programming.

 

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 Extend Evening Day-Part Concept

Mon, 23 Jan 2012 10:00:00 EST

SEATTLE, January 23, 2012 - Responding to customer feedback for more options to relax in its stores in the evenings, Starbucks Coffee Company (NASDAQ:SBUX) today announced plans to bring wine, beer and premium food offerings to a handful of locations in Atlanta and Southern California by the end of this year. These stores, along with several others recently announced for the Chicago area, will be the first extensions of the evening day-part concept outside of the Pacific Northwest.

“Building an evening day-part is a natural progression for us as we are always looking for ways to evolve and enhance the Starbucks Experience based on what our customers are telling us,” said Clarice Turner, senior vice president, U.S. Operations. “We’re pleased with the response of our customers to the introduction of wine, beer and premium food at several of our stores in the Pacific Northwest, and we’re excited to see how the idea translates to other markets.”

 

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.

 

Autogrill and Starbucks Coffee extend partnership in Europe

Wed, 11 Jan 2012 00:00:00 EST

Milan/Seattle, January 2012 – Autogrill Group (Milan: AGL IM) and Starbucks Coffee Company (Nasdaq: SBUX), which started their co-operation in the United States in 1991, have extended their global partnership to develop new business in Europe.

Autogrill will start operating Starbucks stores at its select points of sale in France this year. The first stores will be located in Paris, in high-speed railway stations, a channel of strategic importance.   Later this year, two stores will open in Marseille Airport in Halls 1 and 4.

In the Netherlands, in the coming months, Autogrill will also introduce the Starbucks brand on motorways with the first openings in AC sites in De Meern and Meerkerk.

Autogrill currently operates around 370 Starbucks (352 in North America and 15 in Europe) with operations that generated revenues of more than US$450 million (over €340 million)2 in 2010.

 

Starbucks Appoints Clara Shih to Board of Directors

Wed, 14 Dec 2011 13:00:00 EST

SEATTLE, December 14, 2011 - Starbucks Corporation (Nasdaq:SBUX) announced today that Clara Shih, Chief Executive Officer of Hearsay Social, provider of one of the leading enterprise social media platforms, was elected to the Starbucks Board of Directors on December 14. Shih will serve on the Board’s Nominating and Corporate Governance committee.

 