Moody's Investors Service has upgraded Starbucks (Nasdaq: SBUX) senior unsecured ratings to A2 from A3, short-term commercial paper rating to Prime-1 from Prime-2, and senior unsecured shelf to (P)A2 from (P)A3.

core/paragraph

“Starbucks measured growth strategy, product pipeline, digital initiatives and balanced financial policy will continue to drive operating earnings, credit metrics, liquidity and scale that is more reflective of an A2 rating,” said Moody's Senior Credit Officer Bill Fahy in a statement explaining the rationale for today’s upgrade. “Various product offerings and digital initiatives have driven strong operating metrics and earnings which along with a reduction in adjusted debt levels due to changes in Moody's approach for capitalizing operating leases has resulted in significantly stronger credit metrics.”

According to Moody’s, the A2 senior unsecured rating reflects Starbucks global brand strength, dominant position in the U.S. specialty coffee segment, global diversification, significant scale, and balanced financial policy. The ratings are also driven by Starbucks strong and consistent operating trends driven in-part by new product offerings, greater day part diversity, well accepted loyalty program and ecommerce initiatives that have resulted in strong credit metrics and excellent liquidity.

In addition, Moody’s indicates Starbucks rating outlook is stable, a reflection of the investors service’s view that “a steady pipeline of new innovative products, enhanced digital initiatives, an engaged employee base and disciplined restaurant growth both in the U.S. and internationally should continue to strengthen the Starbucks brand and drive further improvement in earnings, cash flows, and debt protection metrics.”

<a href="https://www.moodys.com/research/Moodys-upgrades-Starbucks-unsecured-ratings-to-A2-Commercial-paper-to--PR_334462?WT.mc_id=AM~WWFob29fRmluYW5jZV9TQl9SYXRpbmcgTmV3c19BbGxfRW5n~20150915_PR_334462">Read the full statement from Moody’s Investors Service</a>

core/gallery

Company News

Company News - Starbucks Stories

Stories to inspire and nurture the human spirit

Starbucks Stories

Starbucks Corporation

Moody's Investors Service Upgrades Starbucks - Starbucks Stories

https://stories.starbucks.com/uploads/2019/01/Starbucks_Logo_Hi-res.jpg

https://stories.starbucks.com/press/company-news/

twitter:card

twitter:image

twitter:title

https://stories.starbucks.com/uploads/2019/01/Photo_TBD-320x411_1-1.jpg

Moody&#8217;s Investors Service Upgrades Starbucks

Moody's Investors Service has upgraded Starbucks (Nasdaq: SBUX) noting Starbucks measured growth strategy, product pipeline, digital initiatives and balanced financial policy will continue to drive operating earnings, credit metrics, liquidity and scale that is more reflective of an A2 rating.

https://stories.starbucks.com/uploads/2015/09/jAap4yyu-587-405-1.jpg

https://stories.starbucks.com/press/2015/moodys-investors-service-upgrades-starbucks/

twitter:description

Moody’s Investors Service Upgrades Starbucks

SEATTLE; August 27, 2015 – Starbucks Corporation (Nasdaq: SBUX) today announced the company will present at the Goldman Sachs Global Retailing Conference on Thursday, September 10, 2015 at 3:10 p.m. ET.

A live webcast of the presentation will be available at <a href="http://investor.starbucks.com/phoenix.zhtml?c=99518&amp;p=irol-irhome">http://investor.starbucks.com</a>. An archived webcast will also be available on Starbucks website, at the same URL.

Starbucks announced the company will present at the Goldman Sachs Global Retailing Conference on Thursday, September 10, 2015 at 3:10 p.m. ET.

Starbucks to Present at Goldman Sachs Global Retailing Conference

https://stories.starbucks.com/uploads/2015/08/APpQN073-587-405-1.jpg

https://stories.starbucks.com/press/2015/starbucks-to-present-at-goldman-sachs-conference/

SEATTLE, July 23, 2015 - Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has authorized the repurchase of an additional 50 million shares of the Company's common stock under its ongoing share repurchase program. This authorization has no expiration date and is in addition to the 11 million shares that remained available for repurchase as of June 28, 2015 under an existing authorization.

“Since the Company's share repurchase program was authorized in September of 2001, Starbucks has repurchased more than 430 million shares at a cost of $7.4 billion under authorizations through June 28, 2015,” said Scott Maw, Starbucks chief financial officer. “This additional authorization reflects the ongoing strength of Starbucks balance sheet and operating cash flow, which allows us to support our global growth and return value to our shareholders through the payment of quarterly dividends and share repurchases."

Shares will continue to be repurchased in the open market at times and amounts considered appropriate by the Company based on several factors including price and market conditions. The Company may also repurchase shares through trading plans entered into pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934.

Starbucks Announces Additional Share Repurchase Authorization - Starbucks Stories

Starbucks Announces Additional Share Repurchase Authorization

Starbucks today announced that its Board of Directors has authorized the repurchase of an additional 50 million shares of the Company's common stock under its ongoing share repurchase program.

https://stories.starbucks.com/uploads/2015/07/vGVZbffx-2448-3264-1.jpg

https://stories.starbucks.com/press/2015/starbucks-share-repurchase-authorization/

SEATTLE, July 22, 2015 - Teavana is voluntarily recalling the Tristan Glass Pitcher (SKU# 11034874) sold exclusively at Teavana stores and through <a href="http://www.teavana.com/">Teavana.com</a>. Teavana has received 50 reports of the glass pitchers breaking or leaking, including three reports of lacerations and two minor burns.

Teavana will be offering a large infusion tea pitcher plus a $25 Teavana gift card to customers who return the Tristan pitcher to a local store (with the exception of the Dallas Fort Worth Airport location in Dallas, Texas and Columbia Mall store location in Columbia, Maryland). Contact the following toll free number: (888) 665-0463 to return the product, or complete the return registration form at <a href="http://glasspitcherregistration.com/">www.glasspitcherregistration.com</a>. The original receipt is not required for this return.

In lieu of a replacement and a $25 Teavana gift card, customers may request a full refund plus tax in the form of a Teavana gift card.

Teavana is carrying out this recall in cooperation with the CPSC and Health Canada. 

Below is a photograph of the Tristan glass pitcher.

Teavana Voluntarily Recalls Tristan Glass Pitcher - Starbucks Stories

Teavana Voluntarily Recalls Tristan Glass Pitcher

Teavana voluntarily recalled the Tristan Glass Pitcher sold exclusively at Teavana stores and at Teavana.com.

https://stories.starbucks.com/uploads/2015/07/rl5HsUrE-2880-1920-1.jpg

https://stories.starbucks.com/press/2015/teavana-voluntarily-recalls-tristan-glass-pitcher/

Starbucks China president Belinda Wong is recognized for her leadership on a new 2015 ranking of Forbes top 100 women in business in China. 

Wong is 41 on the list which includes Sun Yafang, the chairperson of board of HUAWEI Technologies CO. LTD as the top of the list. Dong Mingzhu, the chairperson of GREE and Wang Fengying, the General Manager of Great Wall Motor Company Limited are listed as the second and third.

Starbucks has been in China for 16 years with more than 25,000 partners (employees) including thousands of certified coffee masters who demonstrate exceptional coffee knowledge and skills. In the last three years, Starbucks has more than tripled the store count in China and this year one store will open every 18 hours.

“We’re trying to build a different kind of company in China and are mindful of how we grow while maintaining the heart and soul of what Starbucks stands for,” Wong, said in <a href="http://=https://news.starbucks.com/news/a-tale-of-two-countries-starbucks-growth-in-india-and-china">a previous interview with the Starbucks Newsroom</a>. “Growth has to be built on the foundational values of Starbucks.”

Those values include taking care of partners, exceeding the expectations of customers and being relevant in the communities Starbucks serves. Relevance in some China locations involves adding some locations that are larger than most stores to accommodate large groups of customers for business or social gatherings.

Starbucks has also factored in family dynamics and expectations in China, where success can be judged by the title on one’s business card. Family forums have been held for parents of store partners to hear managers discuss gratifying career paths at Starbucks.

Wong, who was the third Starbucks partner hired in Hong Kong 15 years ago, often shares her career story with baristas and their families.

“I’m a very tenacious person. In 15 years I went from a functional role to becoming the president of Starbucks China and I tell partners ‘If I can do it, you can do it too,’” she said. “I am just one of many who are creating a history for Starbucks in China,” said Wong. “We learn together, and I learn so much from my store partners.”

Forbes Recognizes the President of Starbucks China for Her Leadership - Starbucks Stories

Forbes Recognizes the President of Starbucks China for Her Leadership

Starbucks China president Belinda Wong is recognized for her leadership on a new 2015 ranking of Forbes top 100 women in business in China.

https://stories.starbucks.com/uploads/2015/07/MrQk2mXs-3184-2120-1.jpg

https://stories.starbucks.com/press/2015/forbes-recognizes-the-president-of-starbucks-china-for-her-leadership/

SEATTLE, June 1, 2015 - Starbucks Corporation (NASDAQ: SBUX) today announced that it has priced an underwritten public offering of senior notes. The company plans to use the net proceeds from the offering of $500 million of 2.700% Senior Notes due 2022 and $350 million of 4.300% Senior Notes due 2045 for general corporate purposes, which are expected primarily to include the redemption of the company’s outstanding 6.250% Senior Notes due 2017. The net proceeds may also be used for repurchases of Starbucks common stock under the company’s ongoing share repurchase program, business expansion, payment of cash dividends on Starbucks common stock, or the financing of possible acquisitions. The offering of the senior notes is expected to close on June 10, 2015, subject to customary closing conditions.

BofA Merrill Lynch, Citigroup and Morgan Stanley are serving as the joint book-running managers of the offering. The offering is being made under an automatic shelf registration statement filed with the Securities and Exchange Commission (“SEC”) on September 3, 2013. The offering may be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from:

core/heading

An electronic copy of the registration statement and prospectus supplement, together with the prospectus, is available on the SEC’s website at <a href="http://www.sec.gov/">www.sec.gov</a>.

This press release does not constitute an offer to sell nor a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. 

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with 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 <a href="http://www.news.starbucks.com">news.starbucks.com</a> or <a href="http://www.starbucks.com">starbucks.com</a>.

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 28, 2014, 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. 

Starbucks Prices $850 Million of Senior Notes - Starbucks Stories

Starbucks Prices $850 Million of Senior Notes

Starbucks Corporation (NASDAQ: SBUX) today announced that it has priced an underwritten public offering of senior notes.

https://stories.starbucks.com/uploads/2015/06/nxbC3Yhq-5760-3840-1.jpg

https://stories.starbucks.com/press/2015/starbucks-prices-850-million-of-senior-notes/

SEATTLE; May 13, 2015 – Starbucks Corporation (NASDAQ:SBUX) today announced the company will present at the Bernstein Strategic Decisions Conference on Wednesday, May 27, 2015 at 3:00 p.m. ET.

Starbucks will present at the Bernstein Strategic Decisions Conference on May 27, 2015.

Starbucks to Present at Bernstein Strategic Decisions Conference

https://stories.starbucks.com/uploads/2015/05/fZ9zwreb-4720-6288-1.jpg

https://stories.starbucks.com/press/2015/starbucks-to-present-at-sanford-c-bernstein/

Teavana president <a href="https://news.starbucks.com/leadership/annie-young-scrivner">Annie Young-Scrivner</a>'s mother is her greatest example of strength and resilience. With Mother's Day nearing, she reflects on her mom’s personal journey.

“My mother, Nancy, and her family fled Shanghai for Taiwan during the cultural revolution,” Young-Scrivner explained.

In Taiwan, Young-Scrivner’s mother became an accountant, got married and gave birth to her daughter. The family moved to the United States in 1976, where she attended a community college to learn English and refine her accounting skills. Adjusting to a new country and at times dealing with racism was a challenge.

“I see my mother as the strength in our family,” Young-Scrivner said. “She has endured a lot in her lifetime, but she’s tough.”

Her mother’s perseverance has had a positive impact on Young-Scrivner throughout her school and career journey. Young-Scrivner worked her way through college and moved up the ranks at PepsiCo, where she started out driving a delivery truck and stocking grocery store shelves. Being exposed to tea at a young age has also been impactful as she now leads the way for Teavana.

"Growing up in a Chinese household, tea was everywhere. I remember drinking it and cooking with it alongside my mom as a little kid,” said Young-Scrivner. “I learned a lot about tea when I was a child and believe in its health benefits. Today, I make my own blends using Teavana teas.”

Young-Scrivner shares her love of tea with her own children, 14 year-old Sebastian and 10 year-old Nicolette. Initially, she was scared to be a mom, but is now grateful for what she has learned.

core/pullquote

For Young-Scrivner, being a mom means helping her son and daughter grow into caring adults.

“I tell my children that they should strive to do their best, be thoughtful and kind, and give back," Young-Scrivner said. “We all have a responsibility to help other people.”

Young-Scrivner volunteers her time to support girls. She worked with a Seattle-based non-profit called <a href="http://youngwomenempowered.org/about-us/">Young Women Empowered</a>, where she shares valuable advice stemming from her own career journey. She has given career lectures at the University of Washington, and is currently involved with Girls Inc., which provides more than 140,000 girls across the U.S. and Canada with life-changing experiences and real solutions to the unique issues girls face.

“Sometimes kids just need a role model to see what’s possible,” said Young-Scrivner.

Reflecting back on her mother’s experiences has made Young-Scrivner grateful for everything she has accomplished in her career and as a mom.

“We have so much freedom here as women in the U.S.,” said Young-Scrivner. “I think we forget how lucky we are and that we can really define and paint our destiny.”

Teavana offers high quality teas and a unique in-store experience. Teavana immerses customers in a full tea experience where they can learn more about the ritual and enjoyment of tea with products available in more than 300 locations including Teavana® tea bars, shopping malls, and Starbucks® stores. For Mother’s Day, Teavana will offer an array of special collections that include Teavana teas, teapots, teacups and other Teavana merchandise. For more information, visit<a href="http://www.teavana.com/"> www.teavana.com</a>.

Teavana president Annie Young-Scrivner's mother is her greatest example of strength and resilience. With Mother's Day nearing, she reflects on her mom’s personal journey.

Teavana's President Draws Inspiration from Her Mother’s Life Experience

Teavana&#8217;s President Draws Inspiration from Her Mother

https://stories.starbucks.com/uploads/2015/05/mFW2WtYq-4912-7360-1.jpg

https://stories.starbucks.com/press/2015/teavanas-president-draws-inspiration-from-her-mothers-life-experience/

Teavana’s President Draws Inspiration from Her Mother

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; April 23, 2015 – 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.

core/list

 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

<a href="https://stories.starbucks.com/wp-content/uploads/2019/01/Starbucks_Q2_FY15_Earnings_Release.pdf">View detailed financial data here</a>

“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.”

Starbucks Delivers Record Q2 Revenue and EPS - Starbucks Stories

Starbucks Delivers Record Q2 Revenue and EPS

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

https://stories.starbucks.com/uploads/2015/04/QN72uAoZ-7360-4912-1.jpg

https://stories.starbucks.com/press/2015/starbucks-delivers-record-q2-revenue-and-eps/

SEATTLE; April 8, 2015 – Starbucks Corporation (NASDAQ: SBUX) plans to release its second quarter fiscal 2015 financial results after the market close on Thursday, April 23, 2015, with a conference call to follow at 2:00 p.m. PT. The conference call will be webcast and can be accessed on the company’s website: <a href="http://investor.starbucks.com">http://investor.starbucks.com</a>. A replay of the webcast will be available on the company’s website until end of day Thursday, May 21, 2015.

Starbucks Announces Q2 FY15 Results Conference Call - Starbucks Stories

Starbucks Announces Q2 FY15 Results Conference Call

Starbucks Corporation (NASDAQ: SBUX) plans to release its second quarter fiscal 2015 financial results after the market close on Thursday, April 23, 2015, with a conference call to follow at 2:00 p.m. PT

https://stories.starbucks.com/uploads/2015/04/0o7ArGO0-3456-5184-1.jpg

https://stories.starbucks.com/press/2015/starbucks-announces-q2-fy15-results-conference-call/

SEATTLE– March 18, 2015 (HONG KONG – March 19, 2015) – Starbucks (NASDAQ: SBUX) and Chinese leading food and beverage producer Tingyi Holding Corp. (“Tingyi”) (0322.HK) announced today they have entered into an agreement to manufacture and expand the distribution of Starbucks ready-to-drink (RTD) products throughout mainland China. According to the agreement, Starbucks will be responsible for providing coffee expertise, brand development and future product innovation, and Tingyi will manufacture and sell Starbucks RTD portfolio in China. The RTD coffee and energy category is a $6 billion business, and is projected to grow by 20% over the next three years.*

The agreement leverages the respective strengths of Starbucks and Tingyi to bring the entire Starbucks RTD portfolio to customers in China as well as the ability to innovate specifically for the China market.

China is Starbucks fastest growing market outside the U.S. with more than 1,500 stores in nearly 90 cities, and more than 25,000 partners (employees). Tingyi is a leading Chinese food and beverage producer which, after more than 20 years of development, boasts world-leading production facilities and management expertise with a broad spectrum of quality channel resources. Tingyi’s local manufacturing, sales and distribution expertise combined with Starbucks strong brand recognition and coffee expertise will unlock new market opportunities.

“We are pleased to work with Tingyi, a leader in China’s RTD beverage category, to unlock the massive ready-to-drink market and grow local demand for Starbucks,” said John Culver, group president, Starbucks Coffee China and Asia Pacific, Channel Development and Emerging Brands. “Our agreement enables us to develop new categories and occasions to delight our customers and connect people outside of our stores to Starbucks where they live, work and play.”

“The RTD market has a huge growth potential in China,” said James Wei, CEO of Tingyi Holding Corp. “The agreement with Starbucks will further expand Tingyi’s beverage product portfolio and enables us to provide consumers with more high-quality and convenient product options and experiences. As part of this cooperation, Tingyi will leverage its strength in production and distribution to increase the market share of Starbucks’ RTD products in the Chinese market.”

Today, customers in China can purchase Starbucks® Bottled Frappuccino® beverages in nearly 6,000 locations including select Starbucks retail stores, grocery and convenience stores throughout mainland China. Through this agreement, Starbucks and Tingyi plan to bring new and existing Starbucks® Bottled Frappuccino® in the marketplace during 2016, which will be followed by innovation and an increased number of locations and cities for consumers to purchase Starbucks RTD products.

*Based on 2014 Euromonitor results.

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 <a href="http://www.starbucks.com/">Starbucks.com</a> and <a href="http://news.starbucks.com/">news.starbucks.com</a>.

Tingyi Holding Corp. is China's leading food and beverage company that specializes in the production and distribution of instant noodles, beverages and baked goods in the PRC. Tingyi started its instant noodle segment in 1992 under the brand of Master Kong, and expanded into the bakery segment and beverages in 1996. For more information, please visit <a href="http://www.masterkong.com.cn/?jdfwkey=eb1yl">www.masterkong.com.cn</a>.

Certain statements contained herein are not based on historical fact and are "forward-looking statements" within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "feel," "forecast," "intend," "may," "plan," "potential," "project," "should," "will," "would," and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on information available to Starbucks as of the date hereof, and Starbucks actual results or performance could differ materially from those stated or implied, due to risks and uncertainties associated with its business. These risks and uncertainties include: fluctuations in U.S. and international economies and currencies, our ability to preserve, grow and leverage our brands, potential negative effects of material breaches of our information technology systems if any were to occur, costs associated with, and the successful execution of, the company’s initiatives and plans, including bringing Starbucks RTD portfolio to China, the acceptance of the company’s products by our customers, including our RTD products in China, the impact of competition, coffee, dairy and other raw material prices and availability, the effect of legal proceedings, and other risks detailed in the company filings with the Securities and Exchange Commission, including the “Risk Factors” section of Starbucks Annual Report on Form 10-K for the fiscal year ended September 28, 2014. The company assumes no obligation to update any of these forward-looking statements.

According to the agreement, Tingyi will manufacture and sell Starbucks RTD portfolio in China, with Starbucks being responsible for product development and brand operations.

Starbucks Signs Agreement with Tingyi to Expand in China’s $6 Billion RTD Coffee and Energy Category

Starbucks Signs Agreement with Tingyi to Expand in China’s $6B RTD Coffee Category

https://stories.starbucks.com/uploads/2015/03/mlHvFUjI-613-600-1.jpg

https://stories.starbucks.com/press/2015/starbucks-signs-agreement-with-tingyi-holding-corp/

<a href="https://stories.starbucks.com/wp-content/uploads/2019/01/Infographic_2_for_1_Stock_Split_History.pdf">Infographic </a>

SEATTLE (March 18, 2015) – Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has declared a two-for-one stock split.

Shareholders of record as of March 30, 2015 will receive one additional share for each share held on the record date. The new shares will be payable on April 8, 2015. Starbucks common stock will begin trading on a split-adjusted basis on April 9, 2015. This is the sixth two-for-one split of the company’s common stock since its initial public offering in 1992; the previous stock split occurred in October 2005.

“On behalf of our board of directors, the Starbucks leadership team and the 300,000 partners who wear the Green Apron globally, I am proud to announce this two-for-one stock split, the sixth in our 23-year history as a public company,” said Howard Schultz, chairman and ceo of Starbucks Corporation. “This split is a direct reflection of the past seven years of increasing shareholder value, enhancing the liquidity of our shares, and building an attractive share price. It also takes place at a time when Starbucks shareholders are experiencing an all-time high in value as we continue to deliver world-class customer service and, in turn, record profits and revenue.”

“Adjusting for the stock split effectively has the impact of modestly increasing our earnings guidance for the second quarter and for fiscal 2015,” noted Scott Maw, chief financial officer of Starbucks Corporation.

On a split adjusted basis, the company’s previously communicated GAAP and non-GAAP earnings per share targets equate to GAAP EPS of $0.32 and a non-GAAP range of $0.32 to $0.33 for the second quarter of fiscal 2015, and a GAAP range of $1.77 to $1.79 and a non-GAAP range of $1.55 to $1.57 for the full fiscal year 2015. Due to this adjustment, the company is updating its GAAP and non-GAAP Q2 FY15 and full year FY15 EPS targets; it is neither updating nor reaffirming any other FY15 targets at this time. A reconciliation of GAAP to non-GAAP measures can be found at the end of this release.

Answers to frequently asked questions about the stock split can be found on the Investor Relations section of the company’s website at <a href="http://investor.starbucks.com/phoenix.zhtml?c=99518&amp;p=irol-irhome">http://investor.starbucks.com</a>.

<a href="https://stories.starbucks.com/wp-content/uploads/2019/01/GAAP_to_Non-GAAP_Reconciliation_Table.pdf" style="line-height: 1.2em;">GAAP to Non-GAAP Reconciliation Table – Fiscal 2015 EPS Targets on a Split-Adjusted Basi</a>s

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 <a href="http://www.starbucks.com/">Starbucks.com</a> and<a href="http://news.starbucks.com/"> news.starbucks.com</a>.

This release includes forward-looking statements regarding the liquidity of our shares, our share price, profits, revenues and projected earnings per share results. These forward-looking statements are based on currently available operating, financial, and competitive information and are subject to various risks and uncertainties. These statements are based upon information available to Starbucks as of the date hereof, and Starbucks actual results or performance, the liquidity of its shares or its share price could differ materially from those stated or implied due to risks and uncertainties associated with its business. These risks and uncertainties include, but are not limited to, fluctuations in U.S. and international economies and currencies, our ability to preserve, grow and leverage our brands, potential negative effects of material breaches of our information technology systems if any were to occur, costs associated with, and the successful execution of, the company’s initiatives and plans, the acceptance of the company’s products by our customers, the impact of competition, coffee, dairy and other raw material prices and availability, the effect of legal proceedings, and other risks detailed in the company 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 28, 2014. The company assumes no obligation to update any of these forward-looking statements. 

Starbucks Board of Directors has declared a two-for-one stock split.Its sixth split since the company's Initial Public Offering.

Starbucks Announces 2-for-1 Stock Split

https://stories.starbucks.com/uploads/2015/03/6GKPykWl-2448-3264-1.jpg

https://stories.starbucks.com/press/2015/starbucks-announces-2-for-1-stock-split/

Home

English

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.

People

Planet

Coffee is at our heart, inspiring our craft and driving innovation—in our drinks, our food, our stores and new ways we bring the Starbucks experience to you wherever you are.