/Type /Page The order also requires Starbucks interim CEO Howard Schultz to read or be present at a reading of employees rights and distribute a recording of the reading to all of Starbucks U.S. employees. /Contents 62 0 R Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended October 2, 2022. /Pages 2 0 R << << /Type /Page October 28, 2021 4 min read. (2022, December 17). Download and view the full report here. It is our role and our responsibility, together. >> /F 2 /Resources 57 0 R Global comparable store sales increased 73%, driven by a 75% increase in comparable transactions, partially offset by a 1% decrease in average ticket, Americas comparable store sales increased 84%, driven by an 82% increase in comparable transactions and a 1% increase in average ticket; U.S. comparable store sales increased 83%, driven by an 80% increase in comparable transactions and a 1% increase in average ticket, International comparable store sales increased 41%, driven by a 55% increase in comparable transactions, partially offset by a 9% decline in average ticket; China comparable store sales increased 19%, driven by a 30% increase in transactions, partially offset by a 9% decline in average ticket; International and China comparable store sales include adverse impacts of approximately 5% and 6%, respectively, from lapping prior-year value-added tax exemptions in China, The company opened 352 net new stores in the third quarter of fiscal 2021, yielding 3% year-over-year unit growth, ending the period with a record 33,295 stores globally, of which 51% and 49% were company-operated and licensed, respectively, Stores in the U.S. and China comprised 62% of the companys global portfolio at the end of the third quarter of fiscal 2021, with 15,348 and 5,135 stores, respectively, Consolidated net revenues of $7.5 billion grew 78% compared to the prior year, mainly driven by a 73% increase in comparable store sales primarily from lapping the unfavorable impact of business disruption in the prior year due to the COVID-19 pandemic and strength in U.S. company-operated sales in the current year, GAAP operating margin of 19.9% increased from -16.7% in the prior year primarily driven by sales leverage from business recovery and the lapping of COVID-19 related costs in the prior year, as well as pricing in the Americas, partially offset by investments in wages and benefits for store partners; GAAP operating margin also benefited from higher restructuring activities in the prior year primarily associated with the Americas Trade Area Transformation, Non-GAAP operating margin of 20.5%, up from -12.6% in the prior year, GAAP earnings per share of $0.97, up from a loss of $0.58 in the prior year, Non-GAAP earnings per share of $1.01, up from a loss of $0.46 in the prior year, Starbucks Rewards loyalty program 90-day active members in the U.S. increased to 24.2 million, up 48% year-over-year. /Type /Catalog Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. /Length 9 0 R We are committed to the highest standards of quality and service, embracing our heritage while innovating to create new experiences to savor. << Our Starbucks store locator will help you find locations near you where you can enjoy great beverages and free wi-fi. Active Starbucks Rewards Membership in Q2 Up 17% in the U.S. to 26.7 Million Members SEATTLE; May 3, 2022 - Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter ended April 3, 2022. /Resources 51 0 R Summary analysis by myself of Starbucks income statement, balance sheet, and . endobj 17 0 obj /Contents 64 0 R >> including the "Risk Factors" section of Starbucks Annual Report on Form 10-K for the fiscal year ended September 27, 2020. endobj Starbucks Financial Report. 11 0 obj As we execute on our Reinvention plan, we are building on our 51-year history of market leading innovation to position our business and our brand for the next chapter of growth, said Schultz. << 2021 Starbucks Global Environmental and Social Impact Report April 25, 2022 2 min read This summary shows our progress in fiscal 2021, including achievements and highlights from the year, partner stories and our work to come. /MediaBox [0.0 0.0 612.0 792.0] /Type /Page Our story begins in 1971 along the cobblestone streets of Seattle's historic Pike Place Market. Meanwhile, China is approaching recovery in comparable-store sales, and the U.S. shows continued sales and profitability growth. /ca 1.0 /MediaBox [0.0 0.0 612.0 792.0] /Parent 2 0 R >> And our Q4 results demonstrate early evidence of the success of our U.S. Reinvention investments. 15 0 obj /Version /1.4 N:
pM'yOh %l=,;v_r7g8#I>9Cc_j^juV_{o6N2>q]sF}ddY\gu'ks]uhgts:2s{"+r}.7n)Ira'CGy Revenue in this segment is expected to decline in the next fiscal year as the coffee-selling business has been shifted from a one-time feed to a royalty-based model. /Type /XObject << /CreationDate (D:20211028192239+00'00') In everything we do, we are always dedicated to Our Mission: to inspire and nurture the human spirit one person, one cup, and one neighborhood at a time. 15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 24 0 R /First 72 0 R Our responsibility starts with being accountable to Starbucks stakeholders our partners, customers, shareholders, suppliers, community members and others communicating openly about our business practices and performance.. /Resources 41 0 R %PDF-1.4 << >> /Resources 37 0 R StudyCorgi. Starbucks Reports Record Q3 Fiscal 2021 Results Q3 Consolidated Net Revenues Up 78% to a Record $7.5 Billion . Line by line description, explanation, and analysis tip for most financial statement line items and financial ratios. 3 0 obj /Resources 53 0 R >> /Dest [21 0 R /XYZ null 750 null] /Type /Page 21 0 obj 3 0 obj 25 0 obj 1 0 obj >> This Annual Report on Form 10-K includes "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. . Starbucks Investor Relations. >> /Resources 33 0 R /ColorSpace /DeviceGray /Title (First Page) Formed in 1985, Starbucks Corporation's . /Outlines 3 0 R Disclaimer: Services provided by StudyCorgi are to be used for research purposes only. endobj GAAP results in fiscal 2021 and fiscal 2020 include items that are excluded from non-GAAP results. /Type /Page /Resources 65 0 R /Type /Page Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Find the latest Financials data for Starbucks Corporation Common Stock (SBUX) at Nasdaq.com. 2 0 obj Starbucks Reports Q3 Fiscal 2021 Results July 27, 2021 3 min read Q3 Consolidated Net Revenues Up 78% to a Record $7.5 Billion Q3 Comparable Store Sales Up 73% Globally; U.S. Up 83% with 10% Two-Year Growth Q3 GAAP EPS $0.97; Record Non-GAAP EPS of $1.01 Driven by Strong U.S. stream
/Contents 48 0 R /Type /Page Starbucks today announced record-breaking Q4 FY21 earnings results, sharing insights into the company's performance and as well as outlining steps being taken to position the company for continued growth into the future. Ten years later, a young New Yorker named Howard Schultz would walk through these doors and become captivated with Starbucks coffee from his first sip. /MediaBox [0.0 0.0 612.0 792.0] Consolidated revenues fell 11% to $23.5 billion in fiscal 2020 from $26.5 billion in fiscal 2019 . If you use an assignment from StudyCorgi website, it should be referenced accordingly. Our name was inspired by the classic tale, "Moby-Dick," evoking the . 2023 Starbucks Coffee Company. It takes many hands to craft the perfect cup of coffee from the farmers who tend to the red-ripe coffee cherries, to the master roasters who coax the best from every bean, and to the barista who serves it with care. /Creator (Workiva) /MediaBox [0.0 0.0 612.0 792.0] /Contents 50 0 R Our story begins in 1971 along the cobblestone streets of Seattles historic Pike Place Market. /Contents 36 0 R Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Our employees who we call partners are at the heart of the Starbucks experience. Commission File Number: 0-20322 Starbucks Corporation (Exact Name of Registrant as Specified in its Charter) Washington 91-1325671 (State of Incorporation) (IRS Employer ID) 2401 Utah Avenue South, Seattle, Washington 98134 (206) 447-1575 12 0 obj 4 0 obj See terms and conditions for more details. ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) . The order requires Starbucks to reinstate seven workers who were fired for their union activity and provide financial restitution for 27 other workers for violations like refusing to grant time off. Starbucks Summarized Income Statements 6, Selling, General, and Administrative Expenses (SG&A 9, Earnings Before Interest and Taxes (EBIT 11, Common Stock and Additional Paid-in Capital 29. /Width 965 /MediaBox [0.0 0.0 612.0 792.0] << Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest-quality arabica coffee in the world. Starbucks' fiscal year 2020 results reflect the challenges businesses face worldwide due to the COVID-19 pandemic. Only logged in customers who have purchased this product may leave a review. View SBUX financial statements in full, including balance sheets and ratios. The District Manager+ Leadership Experience, attended by 2,000, marks a pivotal moment in the Starbucks Reinvention plan. /Parent 2 0 R /Resources 47 0 R This Annual Report on Form 10-K includes "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Starbucks has always been a different kind of company one deep with purpose, where we work together to create a positive impact in the world. << >> /Count -2 Ten years of annual and quarterly financial statements and annual report data for Starbucks (SBUX). The ruling came on the same day that U.S. Sen. Bernie Sanders, a Vermont Independent, announced an upcoming vote that could force Shultz to testify about the union campaign before the Senates labor committee. "Starbucks Financial Report." GAAP results in fiscal 2021 and fiscal 2020 include items that are At times, we have fallen short of our ambitions. >> We know we cant do it alone. Most of the company-operated and licensed stores had reopened by early May. David Kindness is a . 1. Supplemental Financial Data Guidance Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. As the Great Human Reconnection continues to unfold, our partners are rising to the occasion, ready to meet our customers wherever they need us to be with the right store, in the right place, at the right time. This summary shows our progress in fiscal 2021, including achievements and highlights from the year, partner stories and our work to come. All rights reserved. This is where I use plain English to explain concepts. /Contents 52 0 R Given the strength of our diverse portfolio and the elevated Starbucks Experience, as evidenced in our Q3 record results, we are raising our full-year financial outlook and are confident in our ability to continue to execute our Growth at Scale agenda to unlock the full potential of the Starbucks brand, concluded Johnson. Times, we have fallen short of our ambitions explain concepts businesses face worldwide due the. We call partners are at times, we have fallen short of our ambitions Please refer to COVID-19. Was inspired by the classic tale, & quot ; Moby-Dick, & quot ;,... Reports Record Q3 fiscal 2021, including achievements and highlights from the,... Can enjoy great beverages and free wi-fi Starbucks Coffee Company has been committed to ethically starbucks financial report and roasting arabica! Meanwhile, China is approaching recovery in comparable-store sales, and analysis tip for most financial line! 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