>> /Contents 62 0 R endobj endobj << %PDF-1.4 Line by line description, explanation, and analysis tip for most financial statement line items and financial ratios. stream /Resources 35 0 R /Parent 2 0 R endobj Summarized balance sheet for the last 5 years. At least 289 of Starbucks 9,000 company-owned U.S. stores have voted to unionize since then. Our name was inspired by the classic tale, Moby-Dick, evoking the seafaring tradition of the early coffee traders. /CreationDate (D:20211028192239+00'00') /ca 1.0 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. Disclaimer: Services provided by StudyCorgi are to be used for research purposes only. SEATTLE Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended June27, 2021. /MediaBox [0.0 0.0 612.0 792.0] 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.. Together, with direct, open and transparent conversation and collaboration we will restore trust in each other, reimagine Starbucks and co-create our future. We are committed to the highest standards of quality and service, embracing our heritage while innovating to create new experiences to savor. Starbucks would soon expand to Chicago and Vancouver, Canada and then on to California, Washington, D.C. and New York. We believe Starbucks can, and should, have a positive impact on the communities we serve. >> 14 0 obj >> /Parent 2 0 R /Resources 69 0 R /Type /Page KAMC and Carpet Tech Celebrating Teachers Sweepstakes, KLBK celebrates 70 years, first TV station in Lubbock, Suspect in custody following LCSO chase on South, Lubbock charter school has new sign warning staff, 10 Open Door Housing recipients receive new E-bikes,, 5 Lubbock house fires in two months showed evidence, Littlefield man snuck into 11-year-old girls room,, Senate committee holds hearing on train derailment, Slideshow and video: Joyland rides dismantled, going, Texas 3rd-grader finds superintendents gun in school, Lubbock indoor park Milestones to be first in West, Charles DJ Sancho Sanchez sentenced for inappropriately, Joyland begins auctioning off rides, city to decide, Jelly Roll coming to Lubbock for Backroad Baptism, With his life on the line, Daniels takes the stand, Do Not Sell or Share My Personal Information. The company assumes no obligation to update any of these forward-looking . /Parent 2 0 R >> 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. Starbucks recovery strategy is working as company sees meaningful improvements in both sales and profitability as the quarter unfolded: At the close of Q3,96% of Starbucks company-operated stores were open in the U.S. (up from 44% at the beginning of the quarter), and the company saw weekly U.S. comps steadily improve throughout the quarter. /Resources 39 0 R Rosas found that Starbucks had threatened employees, spied on them and more strictly enforced dress codes and other policies. /CA 1.0 Consolidated revenues fell 11% to $23.5 billion in fiscal 2020 from $26.5 billion in fiscal 2019 (Starbucks Investor Relations, n.d.). Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended October 2, 2022. << 8 . This was primarily due to temporary store closures, lower customer traffic, and reduced store hours. Active Starbucks Rewards Membership in Q2 Up 17% in the U.S. to 26.7 Million Members SEATTLE; May 3, 2022 - Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter ended April 3, 2022. /Type /Page << Corporate Political Contributions and Expenditures Policy, Commitment to Environmental, Social and Governance Disclosures, Commitment to Access and Disability Inclusion, Coffee and Farmer Equity (C.A.F.E.) /Resources 53 0 R 17 0 obj Detailed financial statements for Starbucks (SBUX), including the income statement, balance sheet, and cash flow statement. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. /Creator (Workiva) The Q3 results we announced today demonstrate the early progress we have made in just four short months, said ceo Howard Schultz. The order also requires Starbucks interim CEO Howard Schultz to read or be present at a reading of employees rights and distribute a recording of the reading to all of Starbucks U.S. employees. /Contents 30 0 R Our employees who we call partners are at the heart of the Starbucks experience. [uSqJO5BGG+$WJW0fj5R@gtuG=r>9Z{Q%n. Our Starbucks store locator will help you find locations near you where you can enjoy great beverages and free wi-fi. /Count 0 This summary shows our progress in fiscal 2021, including achievements and highlights from the year, partner stories and our work to come. << The company does not expect this change to have a significant impact on revenues. /First 72 0 R As we report on the companys environmental and social impact in FY21, we are proud of the progress we have made and we remain rooted in the belief that we can lead through the lens of humanity, far beyond the pursuit of profit. endobj We pursue ambitious goals for our partners, our communities and our planet with intention, transparency and accountability. And our Q4 results demonstrate early evidence of the success of our U.S. Reinvention investments. >> << /MediaBox [0.0 0.0 612.0 792.0] This Annual Report on Form 10-K includes "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. All of our key Environmental, Social, and Governance progress and reports, one single, consolidated view. All rights reserved. /Length 3672 Our aspiration is to be people positive investing in humanity and the well-being of everyone we connect with, from our partners to coffee farmers to the customers in our stores and beyond. Download and view the full report here. The channel development segment continues to gain share in the category as customers transition to home shopping. /Parent 2 0 R This was due to the temporary closure of a significant number of our company-operated and licensed stores, as well as changes in business operations and reduced customer traffic. 1. Download and view the full report here. endobj Dust and snow on Thursday? This material may not be published, broadcast, rewritten or redistributed. endobj By 1996, we would cross the Pacific to open our first store in Japan, followed by Europe in 1998 and China in 1999. It also requires Starbucks to bargain with the union at multiple stores and reopen a location in Cheektowaga, New York, that was closed amid significant union activity. It severely impacted the company's results, especially in the second and third fiscal quarters. endobj /SMask /None>> /Contents 42 0 R SEATTLE; July 27, 2021 - Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended June 27, 2021. Those stores that have remained closed are located in tourist or transportation hubs and central business districts. << /Type /Page Supplemental Financial Data Guidance Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. StudyCorgi, 17 Dec. 2022, studycorgi.com/starbucks-financial-report/. (n. d.). endobj /MediaBox [0.0 0.0 612.0 792.0] /Title (First Page) Thanks for purchasing my Financial Report. /F 2 /MediaBox [0.0 0.0 612.0 792.0] /Resources 45 0 R The District Manager+ Leadership Experience, attended by 2,000, marks a pivotal moment in the Starbucks Reinvention plan. /Type /Page >> https://studycorgi.com/starbucks-financial-report/. Click the button below to request a report when hardcopies become available. Starbucks Financial Report. >> We saw accelerating demand for Starbucks coffee around the world in Q4 and throughout the year, said Howard Schultz, interim chief executive officer. This report outlines the goals we have set and highlights the impact we can have together when we uplift our partners, when we connect with our customers and our communities, and when we remain accountable to each other. You are free to use it to write your own assignment, however you must reference it properly. Retrieved from https://studycorgi.com/starbucks-financial-report/, StudyCorgi. /ColorSpace /DeviceGray /Contents 52 0 R /Contents 40 0 R << Only logged in customers who have purchased this product may leave a review. Starbucks stores are gradually reopening to meet changed operating conditions to meet health codes and changing customer behavior and expectations. /Resources 49 0 R 17 December. "Starbucks Financial Report." << 28 0 obj /Version /1.4 /Type /Pages By 1987, we swapped our brown aprons for green ones and embarked on our next chapter as a coffeehouse. Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest-quality arabica coffee in the world. << /Dest [21 0 R /XYZ null 750 null] We like to say that we are not in the coffee business serving people, but in the people business serving coffee. Enjoy some of our favorites along with all the latest news from the storytellers at Starbucks Stories. 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. /Resources 41 0 R /MediaBox [0.0 0.0 612.0 792.0] << >> All rights reserved. /Title (Non-GAAP Disclosure) endobj If you are the original creator of this paper and no longer wish to have it published on StudyCorgi, request the removal. >> /MediaBox [0.0 0.0 612.0 792.0] It takes all of us. 13 0 obj /Title (SBUX - 10.3.2021 - Exhibit 99.1) A future where our planet is cared for and we create value not only for our company, but for the collective success of all our stakeholders. Our ability to move with speed and agility and to be out in front of shifting customer behaviors has helped further differentiate Starbucks, positioning us well for this moment, said Kevin Johnson, president and ceo. Our story begins in 1971 along the cobblestone streets of Seattle's historic Pike Place Market. The most damaging impact occurred in the third quarter of fiscal 2020. << /Author (anonymous) endobj Its possible! Performance, China Surpasses 5,000 Stores, Pushing Global Store Count to Record 33,295, Active Starbucks Rewards Membership in the U.S. Up 48% Year-Over-Year to 24.2 Million, Raising Full-Year Fiscal 2021 Margin and Earnings Per Share Guidance. /Resources 31 0 R /Height 959 endobj endobj ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) . Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended October 2, 2022. Please see our filings with the SEC including our last annual report on Form 10-K for the fiscal year ended September 27, 2020 and our quarterly reports for a discussion of specific risks that may affect our performance and financial condition.