Starbucks assumes no obligation to update any of these forward-looking statements or information. The unavailable information could have a significant impact on the company’s GAAP financial results. The call will be webcast and can be accessed at http://investor.starbucks.com. Foreign brands illycaffe and Tim Hortons are also raising money for their local ventures. Refer to the Starbucks Investor Relations website for additional information regarding historical non-GAAP information. Includes only Starbucks® company-operated stores open 13 months or longer. In December, the company announced deeper investments in operations and product development in support of its planet positive goals, which include an intent to support the Net Zero Initiative, the rollout of oatmilk nationwide in the U.S., an additional $50 million investment in the Global Farmer Fund and a diversified renewable energy portfolio. After submitting your information, you will receive an email. Shanghai remains the largest coffee market, with nearly 3 shops per 10,000 people versus a ratio of about 2 for Guangzhou, Shenzhen and Beijing, according to Meituan. https://www.businesswire.com/news/home/20210427006044/en/, Starbucks Contact, Investor Relations: Starbucks will hold a conference call today at 2:00 p.m. Pacific Time, which will be hosted by Kevin Johnson, president and ceo, and Patrick Grismer, cfo. 13-weeks), (Projected Contact Information and Shareholder Assistance, https://www.businesswire.com/news/home/20210126006038/en/, Global comparable store sales declined 5%, driven by a 19% decrease in comparable transactions, partially offset by a 17% increase in average ticket, Americas comparable store sales declined 6%, driven by a 21% decrease in comparable transactions, partially offset by a 20% increase in average ticket; U.S. comparable store sales declined 5%, driven by a 21% decrease in comparable transactions, partially offset by a 19% increase in average ticket, International comparable store sales were down 3%, driven by a 10% decline in comparable transactions, partially offset by an 8% increase in average ticket; China comparable store sales were up 5%, driven by a 9% increase in average ticket, partially offset by a 3% decline in transactions; International and China comparable store sales are inclusive of a benefit from value-added tax exemptions of approximately 3% and 5%, respectively, The company opened 278 net new stores in the first quarter of fiscal 2021, yielding 4% year-over-year unit growth, ending the period with 32,938 stores globally, of which 51% and 49% were company-operated and licensed, respectively, Stores in the U.S. and China comprised 61% of the company’s global portfolio at the end of the first quarter of fiscal 2021, with 15,340 and 4,863 stores, respectively, Consolidated net revenues of $6.7 billion declined 5% from the prior year primarily due to the impact of the COVID-19 pandemic, Impact included the effects of reduced customer traffic, modified operations, reduced store operating hours and temporary store closures, GAAP operating margin of 13.5%, down from 17.2% in the prior year primarily due to the COVID-19 pandemic, mainly sales deleverage, as well as growth in wages and benefits and Americas store portfolio optimization expenses, partially offset by labor efficiency and the impact of pricing in the Americas, Non-GAAP operating margin of 15.5%, down from 18.2% in the prior year, GAAP earnings per share of $0.53, down from $0.74 in the prior year primarily due to unfavorable impacts related to the COVID-19 pandemic, Non-GAAP earnings per share of $0.61, down from $0.79 in the prior year, Starbucks® Rewards loyalty program 90-day active members in the U.S. increased to 21.8 million, up 15% year-over-year, GAAP EPS in the range of $2.42 to $2.62, inclusive of a $0.10 impact attributable to the 53, Global comparable store sales growth of 18% to 23%, Americas and U.S. comparable store sales growth of 17% to 22%, International comparable store sales growth of 25% to 30%, China comparable store sales growth of 27% to 32%, Approximately 2,150 new store openings and 1,100 net new Starbucks stores globally, Americas approximately 850 new store openings and approximately 50 net new stores, International approximately 1,300 new store openings and 1,050 net new stores, Approximately 600 net new stores in China, Consolidated revenue of $28.0 billion to $29.0 billion, inclusive of a $500 million impact attributable to the 53, Channel Development revenue of $1.4 billion to $1.6 billion, Consolidated GAAP operating margin of 14% to 15%, Consolidated Non-GAAP operating margin of 16% to 17%, Interest expense of approximately $470 million to $480 million, GAAP and non-GAAP effective tax rates in the mid-20%s, Non-GAAP EPS in the range of $2.70 to $2.90, inclusive of a $0.10 impact attributable to the 53, Capital expenditures of approximately $1.9 billion, Q2 FY21 U.S. comparable store sales growth of approximately 5% to 10%, Q2 FY21 China comparable store sales growth of nearly 100%, Q2 FY21 GAAP EPS in the range of $0.36 to $0.41, Q2 FY21 Non-GAAP EPS in the range of $0.45 to $0.50. With insightful coverage of revenue recognition, inventory accounting, receivables, long-term assets, M&A, income taxes, and other principle topics, this book provides both education and ongoing reference for MBA students. Updated 8:28 AM ET, Fri March 19, 2021 . (unaudited, in millions, except per share data), Net earnings including noncontrolling interests, Net loss attributable to noncontrolling interests, Weighted avg. The company hosted its biennial Investor Day virtually on December 9, 2020. Ten years of annual and quarterly balance sheets for Starbucks (SBUX). Walt Disney World Has Stopped Sales of Most Annual . View source version on businesswire.com: Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter ended March 28, 2021. Starbucks annual cost of goods sold for 2021 was $8.739B, a 13.56% increase from 2020. Actual future results and trends may differ materially depending on a variety of factors, including, but not limited to: further spread of COVID-19; regulatory measures or voluntary actions that may be put in place to limit the spread of COVID-19, including restrictions on business operations or social distancing requirements and the duration and efficacy of such restrictions; the potential for a resurgence of COVID-19 infections in a given geographic region after it has hit its “peak”; fluctuations in U.S. and international economies and currencies; our ability to preserve, grow and leverage our brands; the ability of our business partners and third-party providers to fulfill their responsibilities and commitments; potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, contamination or mislabeling; potential negative effects of material breaches of our information technology systems to the extent we experience a material breach; material failures of our information technology systems; costs associated with, and the successful execution of, the company’s initiatives and plans, including the successful expansion of our Global Coffee Alliance with Nestlé; our ability to obtain financing on acceptable terms; the acceptance of the company’s products by our customers, evolving consumer preferences and tastes and the availability of consumer financing; changes in the availability and cost of labor; the impact of competition; inherent risks of operating a global business; the prices and availability of coffee, dairy and other raw materials; the effect of legal proceedings; and the effects of changes in tax laws and related guidance and regulations that may be implemented and other risks detailed in the company filings with the Securities and Exchange Commission, including the “Risk Factors” sections of Starbucks Annual Report on Form 10-K for the fiscal year ended September 27, 2020 and Quarterly Report on Form 10-Q for the fiscal quarter ended December 27, 2020. • International Paper's 2020 Annual Performance Summary, or annual report. Net revenues for the Americas segment grew 8% over Q2 FY20 to $4.7 billion in Q2 FY21, primarily driven by 9% growth in company-operated comparable store sales, partially offset by lower product sales to and royalty revenues from our licensees, primarily due to the impact of the COVID-19 pandemic. (Projected PHOTO REPORT: Disney Springs 11/22/21 (50th Anniversary Holographic Dooney & Bourke Collection, Disney Parks Yahtzee, Polynesian Resort Christmas Decor, & More) Good morning from Walt Disney World! 206-318-7118 Comparable store sales exclude the effects of fluctuations in foreign currency exchange rates and Siren Retail stores. But the market for tea drinks was twice as large as that of coffee in China and that gap is expected to expand this year, Meituan said citing industry data. It now expects earnings per share between $2.42 and $2.62, up from its prior forecast of $2.34 to $2.54. 2002 Corporate Social Responsibility Report. These expenses are anticipated to be completed within a finite period of time. Refer to the Starbucks Investor Relations website for additional information regarding historical non-GAAP information. Starbucks annual cost of goods sold for 2020 was $7.695B, a 9.76% decline from 2019. © 2021 Starbucks Corporation. target reductions of carbon, water and waste by 2030. Includes ongoing amortization expense of acquired intangible assets associated with the acquisition of East China and Starbucks Japan; and the related post-acquisition integration costs, such as incremental information technology and compensation-related costs. Norwegian Cruise Line has announced an expanded partnership with Starbucks, delivering the well-known coffee experience across its 17-ship fleet and private resort destinations, just days before it makes its comeback in the U.S. departing from Seattle on Aug. 7, 2021. Gross Bookings reached an all-time high of $19.5B, up 24% year-over-year Net loss of $(108) million and Adjusted EBITDA of $(359) million Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended March 31, 2021. Certain non-GAAP measures included in this report were not reconciled to the comparable GAAP financial measures because the GAAP measures are not accessible on a forward-looking basis. Today, with nearly 33,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. In case you missed it, you can watch Starbucks 2021 Annual Meeting of Shareholders here. Start your Free Trial. Q2 Comparable Store Sales Growth of 91% in China, Including Reinstated VAT Benefit The Americas segment reported operating income of $905.3 million in Q2 FY21, compared to $621.2 million in Q2 FY20. Our Annual Report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to reports filed or furnished pursuant to Sections 13(a) and 15(d) of the Securities Exchange Act of 1934, as amended, are also available free of charge on our website at www.primowatercorp.com, as soon as reasonably practicable after such .

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