Starbucks Corporation to host its 2016 Investor Day on Wednesday, December 7th

Starbucks Corporation to host its 2016 Investor Day on Wednesday, December 7th
Starbucks Corporation to host its 2016 Investor Day on Wednesday, December 7th

 

SEATTLE, 2016-Nov-18 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) will host its 2016 Investor Day on Wednesday, December 7th. The event will feature presentations and a Q&A session with Howard Schultz, chairman and chief executive officer; Kevin Johnson, president and chief operating officer; Scott Maw, executive vice president and chief financial officer; and other members of the company’s senior leadership team.

Due to limited capacity, attendance is by invitation only. The event will be webcast live and all interested parties are invited to access the webcast from the company’s website: http://investor.starbucks.com. The event is scheduled to begin at 8:00 a.m. ET and will continue until approximately 12 noon ET. Following a break for lunch, the webcast of the live event will resume at approximately 1:30 p.m. ET and is expected to conclude at approximately 3:00 p.m. ET.

The presentation slides shown at the event and on the live webcast will be available for download on the company’s website by the end of the day on December 7, 2016. A replay of the webcast will remain accessible through January 6, 2017.

About Starbucks

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 24,000 stores around the globe, Starbucks 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 our stores or online at news.starbucks.com and Starbucks.com.

Media contact:

Global
Phone: 206 318 7100
Email: press@starbucks.com

Source: Starbucks

###

Starbucks to enhance its sustainability programs with U.S.’s first Corporate Sustainability Bond

Sustainability bond offering is part of Starbucks comprehensive approach to sustainable coffee sourcing and industry leading efforts for positive environmental and social impacts in the global coffee supply chain.

SEATTLE, 2016-May-18 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) today announced that it has closed an underwritten public offering of senior notes, including the first U.S. Corporate Sustainability Bond.  The company will use the net proceeds from the offering of $500 million in 2.450% Senior Notes due 2026 to enhance its sustainability programs around coffee supply chain management through Eligible Sustainability Projects. This includes coffee purchases from suppliers verified by a third-party as complying with Starbucks ethical sourcing verification program of Coffee and Farmer Equity (C.A.F.E.) Practices, the development and operation of farmer support centers in coffee growing regions, as well as short and long term loans made through Starbucks Global Farmer Fund.

“Coffee is at the core of our business, and we intend to continue to finance initiatives that will make a positive social and environmental impact in our coffee supply chain as well as other areas across our business,” said Scott Maw, chief financial officer, Starbucks. “Issuing a bond focused on sustainable sourcing, demonstrates that sustainability is not just an add-on, but an integral part of Starbucks, including our strategy and finances.”

Each year, Starbucks invests significantly in its comprehensive approach to ethically source its coffee.  This includes supporting coffee farming communities, mitigating the impact of climate change, and supporting long-term crop stability and farm sustainability.  Starbucks operates a network of eight farmer support centers around the world (Rwanda, Tanzania, Colombia, China, Costa Rica, Indonesia, Guatemala and Ethiopia), and has a commitment to provide $50 million in farmer financing in the form of short and long term loans.  Starbucks also purchased a coffee farm in Costa Rica and has turned this into a global agronomy center. All of this is grounded in the company’s open sourced C.A.F.E. Practices developed with Conservation International over 15 years ago.  This rigorous set of best practices helps to ensure that the methods used in growing and processing coffee are efficient, effective and sustainable, both environmentally and socially.  In 2015, 99% of Starbucks 551 million pounds of coffee purchases were verified as ethically sourced and Starbucks became a founding member of the Sustainable Coffee Challenge – a call to action to make coffee the first sustainable agricultural product in the world.

“The longevity of the coffee industry is directly linked to the social, economic and environmental conditions of coffee communities around the world,” said Craig Russell, executive vice president, Starbucks Global Coffee. “This new sustainability bond offers a way for investors to better understand the work we are doing to help ensure that there is a future for farmers and our industry.”

Sustainalytics, a leading global provider of environmental, social and governance (ESG) research and ratings, delivered the second opinion for the Sustainability Bond. This independent review offers investors additional insight into the proposed projects to be funded by the bond, as well as the expected positive environmental and social impacts of these projects.  Sustainalytics also rates Starbucks as an ESG leader in both overall and relative performance to its peers.

“Improving the efficiency and effectiveness of coffee farming practices helps to strengthen the overall sustainability of the coffee supply chain while advancing the socioeconomic conditions of coffee farmers,” said Simon MacMahon, Sustainalytics’ Executive Vice President of Advisory Services. “Starbucks has a significant influence on the global coffee market and is an industry leader when it comes to supply chain standards and sustainability initiatives. We are excited to support Starbucks Sustainability Bond and applaud their efforts to advance sustainability practices throughout their value chain.”

Starbucks will publish annual updates of the allocation of the proceeds throughout the term of the sustainability bond until the proceeds have been fully allocated to projects meeting the eligibility criteria.   These updates will be reported publicly on the Starbucks website at www.starbucks.com and may include additional descriptions of select projects funded with sustainability bond proceeds, and, where possible, their environmental and/or social impacts.

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 23,000 stores around the globe, Starbucks 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 our stores or online at news.starbucks.com and Starbucks.com.

Forward-Looking Statements

Certain statements contained in this release are “forward-looking statements” within the meaning of applicable securities laws and regulations, including statements about the expected closing of a public offering or senior notes and the use of proceeds of such offering. Such forward-looking statements are based on current management expectations and satisfactions of certain conditions that are subject to various risks and uncertainties, including market conditions and those risks detailed in the Company’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Starbucks Annual Report on Form 10-K for the fiscal year ended September 27, 2015, and the prospectus and prospectus supplement delivered in connection with the public offering of senior notes discussed in this release. The company assumes no obligation to update any of these forward-looking statements.

For more information on this news release, contact us

 

###

Starbucks to enhance its sustainability programs with U.S.'s first Corporate Sustainability Bond

Starbucks to enhance its sustainability programs with U.S.’s first Corporate Sustainability Bond

Starbucks opened 528 net new stores in Q1 globally; reports record 8% sales increase

  • Strong Holiday Performance Drives 9% Comp Growth in the U.S. and Americas, 8% Globally; Global Traffic up 4%
  • Consolidated Net Revenues Rise 12% to a Record $5.4 Billion; Channel Development Revenues Jump 16%
  • Consolidated Operating Income up 16% to a Record $1.1 Billion; GAAP EPS of $0.46;
  • Non-GAAP EPS up 15% to a Record $0.46 Dollars Loaded on Starbucks Cards Increase 18% to a Record $1.9 Billion

SEATTLE, 2016-Jan-25 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 27, 2015. Fiscal 2016 and fiscal 2015 GAAP results 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.

Q1 Fiscal 2016 Highlights:

  • Global comparable store sales increased 8%, including a 4% increase in traffic

​​Americas comp store sales increased 9%, including a 4% increase in traffic

China/Asia Pacific comp store sales increased 5%, driven by a 4% increase in traffic

EMEA comp store sales increased 1%, driven by a 1% increase in traffic

  • Consolidated net revenues grew 12% over Q1 FY15, to a record $5.4 billion
  • Consolidated GAAP operating income increased 16% over Q1 FY15, to a record $1.1 billion

Non-GAAP operating income increased 15% over Q1 FY15 non-GAAP, to a record $1.1 billion

  • Consolidated GAAP operating margin increased 60 basis points over Q1 FY15, to a Q1 record 19.7%

Non-GAAP operating margin expanded 40 basis points over Q1 FY15 non-GAAP, to a Q1 record 19.9%

  • GAAP EPS of $0.46 versus Q1 FY15 GAAP EPS of $0.65

Non-GAAP EPS increased 15% over Q1 FY15 non-GAAP, to a record $0.46

  • Opened 528 net new stores in the quarter globally, including a record 281 stores in China/Asia Pacific and a record 79 stores in EMEA
  • Channel Development revenues increased 16%; operating margin expanded 210 basis points and operating income increased 23% over Q1 FY15
  • Company served over 23 million more customer occasions from its global comp store base – 18 million in the U.S. – in Q1 over the prior year
  • Record $1.9 billion loaded on Starbucks Cards in the U.S. and Canada; 1 in 6 American adults received a Starbucks Card over Holiday, up from 1 in 7 in Q1 FY15
  • Membership in the company’s My Starbucks Rewards loyalty program increased 23%; the company now has more than 11 million active members in the U.S.

View detailed financial data here

“Starbucks record Q1 2016 financial and operating results, highlighted by comp sales increases of 9% in the U.S., 8% globally, another 4% increase in global traffic – and record performance from our Channel Development segment – underscore the accelerating strength and relevance of the Starbucks brand around the world,” said Howard Schultz, Starbucks chairman and ceo. “Successful retail, CPG, digital, mobile, loyalty, card and investment strategies are combining to accelerate our revenue growth and drive significant margin expansion and EPS leverage.”

“We’ve entered fiscal 2016 with another record-breaking quarter and a continuation of the accelerating momentum we saw in our business throughout 2015,” said Scott Maw, Starbucks cfo. “The investments we are making in our people and our business are driving record, industry leading operating and financial performance and consistently strong comp growth, and are both paying off today and setting us up for continued strong performance into the future.”

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-qualityarabica coffee. Today, with more than 23,000 stores around the globe, Starbucks 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 our stores or online at news.starbucks.com and Starbucks.com.

For more information on this news release, contact us.

Starbucks Corporation reported financial results for its 13-week fiscal second quarter and 26-week fiscal year to date ended March 29, 2015

  • Comp Store Sales Rise 7% Globally; 7% in the Americas and 12% in CAP; Global Traffic Up 3%
  • Net Revenues Rise 18% to a Q2 Record $4.6 Billion
  • GAAP Operating Income Up 21% to a Q2 Record $778 Million; Non-GAAP Operating Income Up 23% to $789 Million
  • Channel Development Revenues Up 16% and Operating Income Up 23%
  • Earnings Per Share Jump 18% to a Split-Adjusted Q2 Record $0.33 Per Share

SEATTLE, 2015-4-24 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter and 26-week fiscal year to date ended March 29, 2015. All per-share data has been adjusted for the stock split announced on March 18, 2015 and effected on April 9, 2015. Q2 FY15 GAAP results include Starbucks Japan acquisition-related items; non-GAAP results exclude these items. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release.

Q2 Fiscal 2015 Highlights:

• Global comparable store sales increased 7%, with a 3% increase in traffic

  •  Americas comp sales increased 7%, with a 2% increase in traffic
  •  CAP comp sales increased 12%, driven by a 10% increase in traffic
  •  EMEA comp sales increased 2%, driven by a 2% increase in traffic

• Consolidated net revenues increased 18% to $4.6 billion

• Channel Development revenues grew 16% to $428.0 million

• Consolidated operating income of $777.5 million, up 21% over Q2 of FY14

Non-GAAP operating income of $789.4 million, up 23% over Q2 of FY14

• Consolidated operating margin of 17.0% increased 40 basis points over Q2 of FY14

Non-GAAP operating margin of 17.3% increased 70 basis points over Q2 of FY14

• GAAP and non-GAAP earnings per share of $0.33, up 18% over Q2 of FY14

• The company opened 210 net new stores in Q2, including its 5,000th store in China/Asia Pacific, bringing total stores worldwide to 22,088

• Year over year comp store transactions increased over 10 million in the U.S., over 14 million globally

• The company added a record 1.3 million new My Starbucks Rewards members in Q2 – bringing total active membership to 10.3 million – and realized a Q2 record $1.1 billion in Starbucks Card loads

View detailed financial data here

“Starbucks record financial and operating performance in Q2 was driven by our people all around the world yet woven together by one common thread – industry leading partner (employee) facing and customer facing innovation,” said Howard Schultz, Starbucks chairman and ceo.  “Innovation is the force that will continue to drive our business and enable us to expand and increase revenues and profits – always through the lens of humanity – long into the future.”

“Starbucks Q2 represented another quarter of strong revenue growth and record operating and financial performance all around the world, and despite significant foreign exchange headwinds” said Scott Maw, Starbucks cfo. “As we enter the second half of 2015 – and look to the future – we are ideally positioned to continue benefiting from the investments we are making in our people, in innovation and in our stores – and to continue delivering world class returns to our shareholders.”

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 21,000 stores around the globe, Starbucks 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 our stores or online at Starbucks.com and news.starbucks.com

For more information on this news release, contact us.

Starbucks Corporation reports its financial results for its 13-week fiscal first quarter ended December 28, 2014

  • Strong Holiday Performance Drives 5% Global Comp Growth, Global Traffic Increases 2%
  • Revenues rise 13% to a record $4.8 billion; EPS of $1.30 includes a gain on the acquisition of Starbucks Japan
  • Record non-GAAP EPS jumps 16% to $0.80 excluding non-routine items
  • Dollars loaded on Starbucks Cards surge 17% year-over-year to a record $1.6 billion
  • Company reaffirms FY15 growth targets

SEATTLE, 2015-1-23 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 28, 2014. Q1 FY14 GAAP results include the impact of a litigation credit related to the Kraft arbitration; Q1 FY15 GAAP results include Starbucks Japan acquisition-related items. Non-GAAP results exclude these items. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release.

Q1 Fiscal 2015 Highlights:

• Consolidated net revenues increased 13% to $4.8 billion

• Global comparable store sales increased 5%, with a 2% increase in traffic

Americas comp sales increased 5%, with a 2% increase in traffic

EMEA comp sales increased 4%, driven by a 3% increase in traffic

CAP comp sales increased 8%, driven entirely by increased traffic

• Consolidated operating income reached a record $915.5 million

Non-GAAP operating income of $934.8 million grew 18% over Q1 FY14 non-GAAP operating income

• Consolidated operating margin of 19.1%

Non-GAAP operating margin of 19.5% increased 80 basis points over Q1 FY14 non-GAAP operating margin

• GAAP earnings per share of $1.30

Non-GAAP EPS of $0.80 per share grew 16% over Q1 FY14 non-GAAP EPS

• Comparable store customer transactions increased by nearly 9 million in the U.S., nearly 12 million globally, year-over-year

• The company opened 512 net new stores in Q1, including its first Starbucks Reserve® Roastery and Tasting Room

• Dollars loaded on Starbucks Cards surged to a record $1.6 billion in the quarter, up 17% over prior year Q1

• 1 in 7 Americans received a Starbucks Gift Card in Q1, up from 1 in 8 in Q1 of fiscal 2014

• The company added 896,000 new My Starbucks Rewards members in December and now has over 9 million members

“Starbucks record Q1 fiscal 2015 financial and operating performance was exceptional by every metric and standard,” said Howard Schultz, chairman, president and ceo. “Our reimagined in-store holiday experience that included a vastly expanded assortment of Starbucks Cards, new holiday food, beverage and merchandise offerings and the opportunity to win ‘Starbucks for Life’ resonated powerfully with our customers and drove both increased traffic and tremendous excitement in our stores and around the Starbucks brand,” Schultz added.

“Starbucks results in the first quarter of fiscal 2015 were very strong, with notable growth across the globe,” said Scott Maw, Starbucks cfo. “All segments contributed to our record results in the quarter, with improved traffic growth in the US, record profitability in EMEA and 8% comps in CAP. Our continued ability to drive growth through innovation, operational excellence and our unique customer connection, along with our sharp focus on financial discipline, give us confidence in reaffirming our growth targets for fiscal 2015.”

View detailed financial data here

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 21,000 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 www.starbucks.com and www.news.starbucks.com.

For more information on this news release, contact us.