Company Forecasts Continued Strong Growth and Plans to Launch Mobile Order &amp; Pay and Delivery in the U.S.

core/paragraph

Identifies High-Value Opportunities in China, India, Japan and Brazil

Projects Revenues to Approach $30 Billion in FY2019, up from $16 Billion in FY2014

Announces Transformational Innovations to Extend Starbucks Global Leadership in Coffee, Tea, Retail Store and Partner Experience

Elevates and Redefines the Premium Coffee Experience with the Debut of the World’s First, Immersive Starbucks Reserve® Roastery and Tasting Room in Seattle

SEATTLE, Dec 4, 2014 – Starbucks Coffee Company (NASDAQ: SBUX) chairman, president and chief executive officer Howard Schultz and other company leaders will detail Starbucks five-year strategic growth plan today at its biennial Investor Day, hosted at the company’s Support Center in Seattle for the first time in a decade. 

“The seismic shift in consumer behavior underway presents tremendous opportunity for businesses the world over that are prepared and positioned to seize it,” Schultz said. “Over the next five years, Starbucks will continue to lean into this new era by innovating in transformational ways across coffee, tea and retail, elevating our customer and partner experiences, continuing to extend our leadership position in digital and mobile technologies, and unlocking new markets, channels and formats around the world. Investing in our coffee, our people and the communities we serve will remain at our core as we continue to redefine the role and responsibility of a public company in today’s disruptive global consumer, economic and retail environments.” 

“Starbucks business, operations and growth trajectory around the world have never been stronger, and we are more confident than ever in our ability to continue to drive significant growth and meet our long term financial targets,” said Troy Alstead, Starbucks chief operating officer. “We have more customers visiting more stores more frequently, both in the U.S. and around the world, than at any time in our history. And we expect both the number of customers visiting our stores and the amount they spend with us to accelerate in the years ahead. With a robust pipeline of mobile commerce innovations that will drive transactions and unprecedented speed of service, Starbucks is ushering in a new era of customer convenience. We believe the runway of opportunity for Starbucks inside and outside of our stores is both vast and unmatched by any other retailer on the planet.” 

core/heading

Starbucks Investor Day is being hosted on the eve of the grand opening of the first-of-its-kind Starbucks Reserve® Roastery and Tasting Room. Located on Pike Street in Seattle just a few blocks from the company’s iconic first retail store, the 15,000 square foot Starbucks Reserve® Roastery and Tasting Room is an interactive coffee and dining venue that redefines delivery of an immersive brand experience. Moreover, the additional small batch roasting capacity afforded by the new Roastery will enable Starbucks to expand availability of its super-premium, micro-lot Starbucks Reserve® Coffee to 1,500 locations globally, and to support the launch of Starbucks new Starbucks Reserve® brand and the opening of the first 100 dedicated Starbucks Reserve stores. 

Building on Starbucks 43-year tea heritage and its acquisition of Teavana two years ago, Starbucks is reinventing the $109 billion global tea category, just as it did the coffee category more than 40 years ago. The new Teavana® store in Seattle’s Pacific Place and the new Teavana® Tea Bar at Broadway &amp; 9th in New York City are performing ahead of plan, and Teavana will continue to expand and to bring its super-premium loose leaf teas, handcrafted beverages and exclusive food offerings to carefully targeted markets both in the U.S. and abroad. 

In addition, building on the successful launch of handcrafted Teavana® Shaken Iced Tea through Starbucks® stores earlier this year and the innovative partnership with Oprah Winfrey around Teavana® Oprah Chai Tea, Teavana will continue to grow its presence in Starbucks® retail stores with sachets, innovative iced teas and expansion of the Chai tea platform. 

Day Part and Store Format Diversification

Starbucks® food program continues to resonate strongly with consumers across all day parts, and to drive both traffic and ticket growth in the U.S. and around the world. The company expects continued top and bottom-line growth in its food platform as it elevates and expands its offering of savory, locally relevant food offerings around the world. In addition, the company announced plans to double its U.S. food revenue to over $4 billion over the next five years.

By the end of FY2019, 20-25% of Starbucks® stores in the U.S. will offer the Starbucks Evenings experience, adding approximately $1 billion in revenue. The expansion of Starbucks Evenings, Starbucks Reserve only stores, micro and express store formats, new drive-thrus and mobile trucks are just a few of the innovations customers will see beginning in 2015.

Mobile Commerce Momentum and Innovation Continues with the Launch of Mobile Order &amp; Pay

Starbucks is the global market leader in mobile payment. With more than eight million loyalty members, seven million mobile payment transactions each week and more than $4 billion loaded onto prepaid Starbucks Cards in North America in the past year alone, Starbucks offers the largest and most robust mobile ecosystem of any retailer in the world.

Starbucks is once again raising the bar for mobile commerce innovation with the launch of <a href="http://news.starbucks.com/news/starbucks-mobile-order-and-pay">“Mobile Order &amp; Pay”</a> and food and beverage delivery. Starbucks introduced its fully-integrated Mobile Order &amp; Pay platform – representing the most meaningful enhancement to the customer ordering experience since the company first introduced drive-thrus in 1994 – to customers in the Portland, Oregon area yesterday. Now, and for the first time, Mobile Order &amp; Pay will allow customers to place orders in advance of their visit, and to pick up their ready order at their preferred Starbucks® store – improving speed of service, enhancing customer loyalty and the customer experience, streamlining store operations and further extending Starbucks leadership position in mobile commerce and customer loyalty. The Portland launch will be followed by a national rollout of Mobile Order &amp; Pay in 2015.

“Of all the new traffic-driving initiatives for the company, Mobile Order &amp; Pay is at the top of that list and we are confident that it will be game-changing for our customers and our business,” said Adam Brotman, Starbucks chief digital officer. “We have designed the full mobile ordering experience – from the app itself, to the pick-up of the food and beverages, to the engagement with the baristas in our stores – to be a seamless and natural extension of the existing Starbucks Experience. We believe that the addition of Mobile Order &amp; Pay into what is already one of the most widely used apps in the country will encourage customers to explore even more of our menu, will attract new customers to Starbucks, and will encourage incremental occasions to visit our stores.”

Furthermore, the national rollout of Mobile Order &amp; Pay will lay the foundation for Starbucks launch of food and beverage delivery in select metropolitan areas later in the year. Inclusion of the delivery option furthers the company’s goal of providing convenience and the complete Starbucks Experience to customers however, whenever and wherever they want it – even if they are unable to visit a Starbucks retail location.

The success of Starbucks mobile payment and loyalty programs will also allow the company to bring to the table the constituent pieces necessary to build a consumer proposition for a mobile payment network with retailers outside of the Starbucks® store footprint in fiscal year 2016. This platform – in which customers would earn Stars by using a stored value account, much as they do at Starbucks today – would create opportunities for other retailers to reward their most loyal customers, also benefiting Starbucks by creating incremental traffic opportunities.

Starbucks China and Asia-Pacific region represent enormous, immediate, high-value opportunities for the company, and Starbucks today announced plans to double its store count in China – to over 3,000 stores – by 2019. When completed in the second quarter of 2015, Starbucks acquisition of Starbucks Japan – the company’s first international market outside of North America and with more than 1,000 stores its second largest market overall in retail store sales – will position Starbucks to further accelerate growth in the dynamic, rapidly-growing CAP region. 

Starbucks is the industry leader in premium single serve, premium packaged roast and ground coffee, and Ready-to-Drink products served outside the company’s retail stores and is ideally positioned to grow its share of these markets both in the U.S. and globally. At Investor Day 2014, company leaders will share that over the next five years Starbucks Channel Development segment will grow its revenue by 60%, nearly double its operating income, and more than double its RTD business outside of the U.S. with a specific focus on unlocking untapped opportunities across the company’s China and Asia-Pacific region.

Financial and Operating Performance through the Lens of Humanity

As Starbucks accelerates the growth across its business and around the world it will continue to balance industry-leading performance with its core mission and values. The company’s commitment to its values, its partners (employees) and the communities it serves was demonstrated through several leadership initiatives over the past year, including: 

Starbucks commitment to hire at least 10,000 veterans and military spouses by 2018 and its partnership with HBO and Chase to host the historic Concert For Valor. The Concert For Valor saluted America’s veterans and was held on the National Mall in Washington, D.C. on Veterans Day. The concert was attended by hundreds of thousands – with more than one million viewing the event live and on demand, remotely. In its first year, Starbucks has already placed more than 1,000 veterans and active duty military spouses into roles that leverage their skills, dedication, discipline and leadership and the company announced plans to double that number in 2015. In November, Schultz co-authored <a href="http://news.starbucks.com/news/for-love-of-country-spotlights-veterans-contributions-and-potential">For Love of Country</a>: What Our Veterans Can Teach Us About Citizenship, Heroism and Sacrifice. The book, from which all proceeds are being devoted to veterans' service organizations, has already received numerous accolades including ranking as one of The Wall Street Journal’s top five best-selling books.

Last summer Starbucks announced the creation of <a href="http://news.starbucks.com/news/partners-begin-classes-through-the-starbucks-college-achievement-plan">Starbucks College Achievement Plan</a>, a first-of-its-kind partnership with Arizona State University (ASU) that makes it possible for eligible Starbucks partners to finish a bachelor’s degree with full tuition coverage for their junior and senior years through ASU’s top-ranked online degree program. More than 1,000 partners have enrolled in the first Fall session and thousands more have started the application process.

To learn more about Starbucks 2014 Investor Day, visit Starbucks <a href="http://investor.starbucks.com/phoenix.zhtml?c=99518&amp;p=irol-irhome">Investor Relations</a> website. For news updates and images from the event, visit the <a href="http://news.starbucks.com/">Starbucks Newsroom</a>.

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://starbucks.com">Starbucks.com</a>.

Certain statements contained herein 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,” “expect,” “believe,” “could,” “estimate,” “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 upon information available to Starbucks as of the date hereof, and Starbucks actual results or performance could different 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, costs associated with, and the successful execution of, the company’s initiatives and plans, the acceptance of the company’s products by our customers, 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, 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. 

core/gallery

Starbucks Details Five-Year Plan to Accelerate Profitable Growth - Starbucks Stories

https://stories.starbucks.com/uploads/2014/12/yxK8M1eS-2723-3543-1.jpg

Stories to inspire and nurture the human spirit

Starbucks Stories

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

Starbucks Corporation

Starbucks Details Five-Year Plan to Accelerate Profitable Growth

Starbucks Details Five-Year Plan to Accelerate Profitable Growth and Extend Markets, Channels and Formats around the World at Biennial Investor Day Conference in Seattle.

https://stories.starbucks.com/press/2014/starbucks-details-five-year-plan-to-accelerate-profitable-growth/

twitter:card

twitter:description

twitter:image

twitter:title

SEATTLE; November 17, 2014 – Starbucks Corporation (NASDAQ: SBUX) will host its 2014 Biennial Investor Day on Thursday, December 4, 2014.

Due to limited capacity, attendance is by invitation only, however the event will be webcast and can be accessed on the company’s website: <a href="http://investor.starbucks.com">http://investor.starbucks.com</a>. Presentations are scheduled to begin at 8:00 a.m. PT and will continue until approximately 12:00 p.m. PT. Following an afternoon break for onsite tours with senior leadership, the webcast will resume with closing remarks and Q&amp;A at approximately 4:30 p.m. PT and will conclude at approximately 5:30 p.m. PT.

A replay of the webcast will remain accessible through January 2, 2015, on the company’s website: <a href="http://investor.starbucks.com">http://investor.starbucks.com</a>.

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://starbucks.com">Starbucks.com</a>.

Starbucks Contact, Media:

Alisha Damodaran

206-318-7100

press@starbucks.com

Starbucks to Host 2014 Biennial Investor Day - Starbucks Stories

https://stories.starbucks.com/uploads/2014/11/VQE6CNbQ-5184-3456-1.jpg

Starbucks to Host 2014 Biennial Investor Day

Starbucks Corporation (NASDAQ: SBUX) will host its 2014 Biennial Investor Day on Thursday, December 4, 2014.

https://stories.starbucks.com/press/2014/starbucks-to-host-2014-biennial-investor-day/

Record Q4 EPS of $0.77; Non-GAAP EPS jumps 23% to a record $0.74 excluding non-routine items

Comp sales increase 5% globally

Consolidated net revenues increase 10% to a Q4 record $4.2 billion

Company grows dividend 23% and increases outlook for a strong FY2015

<a href="https://storiesadmin.starbucks.com/wp-content/uploads/2019/01/Q4_FY14_Earnings_Release.pdf">View detailed financial data here</a>

SEATTLE; October 30, 2014 – Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 28, 2014. Fiscal 2014 results include the impact of a litigation credit in Q1 and a net benefit from transactions in Q4.

Fiscal 2013 results include the impact of the litigation charge associated with the Kraft arbitration in Q4, as well as gains on the sales of Starbucks equity in its Mexico joint venture in Q2 and its Chile and Argentina joint ventures in Q4. Non-GAAP results exclude these items. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release.

• Consolidated net revenues increased 10% to a Q4 record $4.2 billion

• Global comparable store sales increased 5%, the 19th consecutive quarter of comp growth of 5% or greater

• Consolidated operating income reached $854.9 million

Non-GAAP operating income of $857.3 million grew 28% over Q4 FY13 non-GAAP operating income

• Consolidated operating margin expanded to 20.4%

Non-GAAP operating margin of 20.5% grew 280 basis points over Q4 FY13 non-GAAP operating margin

Non-GAAP EPS of $0.74 grew 23% over Q4 FY13 non-GAAP EPS

• The company opened 503 net new stores in the quarter, ending FY14 with 21,366 stores in 65 countries

• The Board of Directors declared a cash dividend of $0.32 per share, an increase of 23%

• Consolidated net revenues increased 11% to a record $16.4 billion

• Global comparable store sales increased 6%

 China/Asia Pacific comp sales increased 7%

• Consolidated operating income reached $3.1 billion

 Non-GAAP operating income of $3.1 billion grew 25% over FY13 non-GAAP operating income

• Consolidated operating margin expanded to 18.7%

 Non-GAAP operating margin of 18.6% grew 210 basis points over FY13 non-GAAP operating margin

 Non-GAAP EPS of $2.66 grew 21% over FY13 non-GAAP EPS

• Starbucks opened 1,599 net new stores globally in FY14, including 742 in CAP, 698 in the Americas and 171 in EMEA

• The company returned $1.6 billion to shareholders through dividends and share repurchases

“Starbucks performance in fiscal 2014 was extraordinary by any metric or comparison,” said Howard Schultz, chairman, president and ceo of Starbucks Coffee Company. “But we cannot be content with the status quo, as consumers continue to demand more and more in terms of convenience and excellence. You will see us continue to invest where it counts most, in mobile commerce, innovation, in the customer experience and the partners who drive it and in the quality of our coffees.”

“Starbucks Q4 results capped off a year of exceptional performance across our business and around the world,” said Scott Maw, Starbucks cfo. “In Q4, each of our segments delivered strong and balanced revenue and profit growth, consistent with the prior three quarters of fiscal 2014. The increasing global strength of the Starbucks brand, a robust pipeline of innovation, strong global comparable store sales growth and impressive margin expansion in conjunction with a company-wide emphasis on operational excellence and expense management give me great confidence in achieving our 2015 growth targets.”

Starbucks Reports Record Fourth Quarter and Fiscal Year 2014 Results - Starbucks Stories

https://stories.starbucks.com/uploads/2014/10/rfCiH4lU-5760-3840-1.jpg

Starbucks Reports Record Fourth Quarter and Fiscal Year 2014 Results

Record Q4 EPS of $0.77; Non-GAAP EPS jumps 23% to a record $0.74 excluding non-routine items; Comp sales increase 5% globally; Consolidated net revenues increase 10% to a Q4 record $4.2 billion; Company grows dividend 23% and increases outlook for a strong FY2015

https://stories.starbucks.com/press/2014/starbucks-reports-record-fourth-quarter-and-fiscal-year-2014-results/

Starbucks continuously engages in discussions with its partners (employees) to determine how to make their experience better and more valuable. 

Starbucks chief operating officer Troy Alstead shared the letter below with all U.S. partners to describe the first phase in a series of investments the company is making in the partner experience – changes that were shaped by Starbucks partners’ feedback.

We recognize that creating the best possible experience for you must be our number one priority if we are to successfully fulfill our long-term ambition of building one of the world’s most trusted and admired companies. A big part of that means continually investing in a partner experience that reflects Our Mission and Values, where you feel valued, respected and heard. 

Last month, I asked for your input through the Starbucks Partners Facebook page about specific ways to invest in the partner experience. Over the past several weeks, we have read through nearly 3,000 thoughtful comments and ideas. Building upon this direct, unfiltered feedback, I am pleased to share the first set of detailed plans we are taking as part of a multi-year commitment to invest in the partner experience. As I’ve shared earlier, this work has begun in the U.S. and will extend to international markets in a locally relevant way, in time. 

Join me and Cliff Burrows to continue this discussion on Monday, October 20 from 10 to 11 a.m. Pacific on Twitter, using the hashtag #sbuxpartnerchat.

Making an Appearance: Updated Dress Code Policy

The partner experience is not just one thing; it’s about creating a warm and inviting third place environment where you can be yourself. We want every expression of the brand to be as thoughtful as our heritage and caring around coffee. As partners, your appearance is a reflection of the Starbucks brand and how you show up collectively is important to our customers. At the same time, we want to build a company where self-expression, empowerment and inclusion are nurtured. With this balance in mind, and with your thoughtful feedback, we have updated our dress code. In our updated Dress Code policy, effective October 20, visible tattoos, colored ties and neck scarves, and black denim are allowed. There are also new jewelry guidelines for food safety. Read more about these changes in the <a href="http://globalassets.starbucks.com/assets/0AA3D61F-1E22-47BD-A2A2-55F30D357138.pdf">Dress Code Guidelines</a>.

Pay and Benefits Investments &amp; Creating Pathways to Opportunity

We’ve always believed that success is best when shared and doing what is right for you is also good for business. For more than two decades our pay and benefits programs have reflected our commitment to take care of you and your families – by offering comprehensive health insurance to full-and part-time partners, 401(k) matching, Bean Stock, and most recently our <a href="">Starbucks College Achievement Plan</a>.

In January 2015, we will begin rolling out the first phase of a multi-year investment in the partner experience by making enhancements in three areas: performance and pay, recognition and benefits.

Pay Rates. We will invest in attracting new partners by increasing our start rates in all U.S. markets starting in January. The new rates will ensure we are paying a competitive wage that better positions us to attract and keep the best partners.

Also in January, all baristas and shift supervisors will receive a pay increase. Experienced partners who are at or above their range will be eligible for a lump sum increase, so your earnings continue to grow along with your tenure. Going forward, whether you’ve been with us one year or 10 years, pay will be reviewed and communicated annually, and all baristas and shift supervisors will now be on an annual pay review cycle or may be eligible for a lump sum equivalent.

Because each partner’s pay package is personal and will differ depending on position and market, individual partners will get specific details about what this means for them from their manager beginning early 2015.

Development and Recognition. We know you work hard every day to deliver the Starbucks Experience and we want to recognize you for it. In addition to our ongoing recognition programs and promotional opportunities, beginning in January we are making enhancements to how we develop and support your aspirations in the following ways:

core/list

Food Benefit. We want you to explore and enjoy our food offerings including La Boulange in the same way you do our beverages. Over the next five years we aspire to double our food business and to make this possible we need to improve your food experience. Starting in January, U.S. store partners can choose one free food item, per shift, from the pastry or ready-to-eat case.

Now, along with food, partner beverages, coffee mark-out and automatic My Starbucks Rewards Gold level status with a registered partner card, you can save money both on and off your shift. 

This is just the beginning. I look forward to sharing more with you next month as we announce our annual Bean Stock grant and Future Roast savings match, provide an update on our Veterans Initiative as well as support for the CUP (Caring Unites Partners) Fund.

Acting with courage, challenging the status quo and finding new ways to grow our company and one another is core to who we are. In my 23 years as a partner, I could not be more proud of your passion, engagement and commitment to get us to this point. Thank you. 

Cliff and I hope these investments in your experience make you feel valued and proud to be a partner.

Sincerely,

<a href="http://news.starbucks.com/leadership/troy-alstead">Troy Alstead</a>

Starbucks Announces New Partner Experience Investments - Starbucks Stories

https://stories.starbucks.com/uploads/2014/10/xPtGCDL9-5184-3456-1.jpg

Starbucks Announces New Partner Experience Investments

Starbucks continuously engages in discussions with its partners (employees) to determine how to make their experience better and more valuable. Here are several investments that were shaped by Starbucks' partners feedback.

https://stories.starbucks.com/press/2014/starbucks-announces-new-partner-experience-investments/

SEATTLE; October 15, 2014 – Starbucks Corporation (NASDAQ: SBUX) plans to release its fourth quarter and fiscal year end 2014 financial results after the market close on Thursday, October 30, 2014, 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, November 27, 2014.

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, online at<a href="http://starbucks.com"> Starbucks.com</a> and through the <a href="http://news.starbucks.com">Starbucks Newsroom</a>.

investorrelations@starbucks.com

206-318-7100

Starbucks Announces Q4 and Fiscal Year End 2014 Results Conference Call - Starbucks Stories

https://stories.starbucks.com/uploads/2014/10/VDvlTxkk-1294-852-1.jpg

Starbucks Announces Q4 and Fiscal Year End 2014 Results Conference Call

Starbucks Corporation (NASDAQ: SBUX) plans to release its fourth quarter and fiscal year end 2014 financial results after the market close on Thursday, October 30, 2014, with a conference call to follow at 2:00 p.m. PT.

https://stories.starbucks.com/press/2014/starbucks-announces-q4-and-fiscal-year-end-2014-results-conference-call/

SEATTLE; May 30, 2014 – Starbucks Corporation (NASDAQ: SBUX) senior unsecured debt rating has been upgraded to A3 with a stable outlook by Moody's Investors Service. The upgrade affects the company’s nearly $2.1 billion senior unsecured bonds. Moody’s also affirmed the company’s short-term commercial paper rating at P-2. Starbucks had held a Baa1 rating with a stable outlook since November 25, 2013.

Scott Maw, chief financial officer, commented, “This A3 rating demonstrates the ability of our partners (employees) to drive earnings growth through strong operational performance and exceptional service, which enables us to consistently generate solid cash flow and maintain ample liquidity. Our objective is to further build equity in the Starbucks brand globally through innovation and an enhanced customer experience, while maintaining discipline and focus on improving efficiencies.”

Forward-Looking Statements

This release contains forward-looking statements relating to certain company initiatives, strategies and plans, as well as trends in or expectations regarding our earnings growth, cash flows, liquidity, brand equity, efficiencies, dividends and share repurchases, balance sheet, and investments in our partners (employees) and in the growth of our business. These forward-looking statements are based on currently available operating, financial and competitive information and are subject to a number of significant risks and uncertainties. Actual future results may differ materially depending on a variety of factors including, but not limited to, coffee, dairy and other raw material prices and availability, costs associated with, and the successful execution of, the company's initiatives, strategies and plans, the acceptance of the company's products by our customers, fluctuations in U.S. and international economies and currencies, the impact of competition, 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 29, 2013. The company assumes no obligation to update any of these forward-looking statements.

Starbucks Senior Unsecured Debt Rating Upgraded by Moody’s Investor Service To A3 - Starbucks Stories

https://stories.starbucks.com/uploads/2014/05/tB6dSbwD-451-357-1.jpg

Starbucks Senior Unsecured Debt Rating Upgraded by Moody’s Investor Service To A3

Starbucks Senior Unsecured Debt Rating Upgraded by Moody’s Investor Service To A3; Short-Term Commercial Paper Rating Affirmed at P-2

https://stories.starbucks.com/press/2014/starbucks-senior-unsecured-debt-rating-upgraded-by-moodys-investor-service/

SEATTLE; May 28, 2014 – Starbucks Corporation (NASDAQ:SBUX) today announced the company will present at the William Blair Growth Stock Conference in Chicago at 2:00 p.m. CT on Wednesday, June 11, 2014.

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 to Present at William Blair Growth Stock Conference - Starbucks Stories

https://stories.starbucks.com/uploads/2014/05/MOMjGklI-911-965-1.jpg

Starbucks to Present at William Blair Growth Stock Conference

The Starbucks will present at the William Blair Growth Stock Conference in Chicago.

https://stories.starbucks.com/press/2014/starbucks-to-present-at-william-blair-growth-stock-conference1/

Starbucks Reports Record Q2 Results and Reaffirms FY14 Growth Targets

6% global comp growth drives record Q2 revenues of $3.9 billion

Strong comp growth in the U.S. and continued comp acceleration in China and EMEA

Robust 10% revenue growth in Channel Development

Operating income increases 18%; Operating margin expands in all segments

EPS increases to a Q2 record $0.56, up 17% excluding non-routine gain in prior year

<a href="https://storiesadmin.starbucks.com/wp-content/uploads/2019/01/Q2_FY14_Earnings_Release_4.24.14.pdf">View detailed financial data here</a>

SEATTLE, April 24, 2014 – Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter and 26-week fiscal year to date ended March 30, 2014.

 ◦ EMEA comp growth of 6%, representing the highest growth in EMEA in 14 quarters

 ◦ China/Asia Pacific comp growth of 7%, driven by strong traffic

• Consolidated net revenues increased 9% to a Q2 record $3.9 billion

• Channel Development revenues grew 10%

• Consolidated operating income increased 18%, or $100 million, to a Q2 record $644 million

• All reportable segments contributed to an operating margin increase of 130 basis points to a Q2 record 16.6%

• Earnings per share grew to $0.56, up 17% excluding a $0.03 non-routine gain in the prior year Q2 related to the sale of the company's equity in its Mexico joint venture

• The company opened 335 net new stores globally, including the 20,000th Starbucks store. Total company store count across all brands grew to 20,519.

“Starbucks record operating performance in Q2 demonstrates that our focus on building a different kind of company - performance driven, through the lens of humanity - continues to drive profits and shareholder value,” said Howard Schultz, chairman, president and ceo of Starbucks Coffee Company. “The innovation we are bringing to market through reinvention of our Teavana business and partnership with Oprah Winfrey, our reimagination of the Starbucks Experience through next-generation payment and loyalty programs and our continued investments in the over 200,000 Starbucks partners who wear the green apron every day continues to build equity in the Starbucks brand and strengthen our connection to customers in every market in which we operate.”

“Starbucks strong second quarter performance demonstrates the success of our ongoing efforts to drive industry-leading growth,” said Scott Maw, Starbucks cfo. “While global comparable store sales growth of 6% was impressive, and squarely in line with our targets, even more significant is the fact that we delivered strong, and balanced, revenue and profit growth across all of our reportable segments. The strong momentum we have created in the first half of the year, combined with our robust pipeline of innovation, give us confidence in our ability to meet our fiscal 2014 growth targets.”

Starbucks Reports Record Q2 Results and Reaffirms FY14 Growth Targets - Starbucks Stories

https://stories.starbucks.com/uploads/2014/04/1iPsR4lX-3456-5184-1.jpg

Starbucks Corporation today reported financial results for its 13-week fiscal second quarter and 26-week fiscal year to date ended March 30, 2014.

https://stories.starbucks.com/press/2014/starbucks-reports-record-q2-results-and-reaffirms-fy14-growth-targets/

When he was a kid, classmates made jokes about his name calling him “donut.” So, getting an invitation to audition for a commercial because of his first name was a pleasant surprise.

“Someone I know contacted me on Facebook and said he had a friend looking for guys named Duncan for a TV commercial. I wondered, ‘What could that possibly be for?” said Duncan Wallace.

Duncan Libby got an unusual email too. A former co-worker asked him if he’d be willing to come to a casting call for a commercial. She couldn’t tell him anything except that the company behind the commercial was looking for “regular people who do work in the community.”

“I thought it was hilarious because it’s so far outside the norm,” Libby said.

Several weeks later, Wallace and Libby had make-up artists and cameras in their faces as they tried to “act and talk naturally” during a commercial shoot.

“Hi, I’m Duncan and I love Seattle’s Best Coffee® new House Blend,” said Libby, who is a fundraiser for a non-profit public hospital.

“Hey, I’m Duncan too and I also love Seattle’s Best Coffee®,” said Wallace, with an architectural firm that does retail design.

They were joined by three other Duncans – a software designer, wind tunnel operator and handyman – for a lighthearted online commercial that declares, “Yes America, even Duncan loves the taste of Seattle’s Best Coffee®.”

The ad, which appeared before a fast-food chain launched a similar commercial, is part of a campaign that found people preferred the new House Blend from Seattle’s Best Coffee over a competitor’s original blend coffee. “Born in Seattle” House Blend is a smooth, medium-roast coffee that Seattle's Best has been known for since its inception in 1970.

The men really do love Seattle’s Best Coffee and they really are named Duncan.

Enjoying the coffee and having the right name were the easy parts of the commercial shoot. Remembering what to say was the tricky part for the Duncans. 

“I finally said my line correctly and took a sip of coffee the way I was supposed to,” recalled Wallace, who has no acting background. “I said to myself, ‘I think I nailed that one.’ The director said that’s a good sip, but maybe next time you can smile. I was concentrating so hard I was robotic.”

Duncan Libby has plenty of experience speaking to large groups and individuals for his work with the fundraising division of a public hospital, but talking in front of a film crew was “completely new and different.” 

“They were very gracious with the amateur hour they had on their hands,” he said. “You can’t act normal when someone tells you to because you’re self-conscious. It was like taking wedding pictures over and over again.”

Both men, who were paid to participate in the ad, think there is a lesson for all of us in stepping out of comfort zones, as they did with the Seattle’s Best Coffee commercial.

“I didn’t want to do this at first because I didn’t really have time for it, but my fiancé was very supportive and said, ‘Are you kidding me, you can’t let this go. This is not something that happens to most people.’ I’m really glad I did. It was fun.”

Neither plan to quit their day jobs to pursue a new career in commercials.

“I’m open to it if the calls start coming in,” Wallace said with a chuckle, “but I somewhat doubt that’ll happen.”

Behind the Scenes of the 'Duncan Loves Seattle’s Best Coffee' Commercial - Starbucks Stories

https://stories.starbucks.com/uploads/2014/04/DlBXrrxF-456-643-1.png

Behind the Scenes of the &#8216;Duncan Loves Seattle’s Best Coffee&#8217; Commercial

A couple of average Joes – or in this case Duncans – describe what it was like to step out of their comfort zones and star in a new commercial for Seattle’s Best Coffee.

https://stories.starbucks.com/press/2014/behind-the-scenes-of-the-duncan-loves-seattles-best-coffee-commercial/

Behind the Scenes of the ‘Duncan Loves Seattle’s Best Coffee’ Commercial

Starbucks to Present at Bank of America Merrill Lynch Consumer and Retail Conference

Starbucks Corporation today announced the company will present at the Bank of America Merrill Lynch Consumer and Retail Conference in New York at 2:55 p.m. ET on Tuesday, March 11, 2014.

A live webcast of the presentation will be available at <a href="http://investor.starbucks.com">http://investor.starbucks.com</a>.

An archived webcast will also be available on Starbucks website, at the same URL.

Starbucks to Present at Bank of America Merrill Lynch Consumer and Retail Conference - Starbucks Stories

https://stories.starbucks.com/uploads/2014/02/gO7HQbHz-911-965-1.jpg

Starbucks to Present at Bank of America Merrill Lynch  Consumer and Retail Conference

Starbucks presentation at the Bank of America Merrill Lynch Consumer and Retail Conference in New York at 2:55 p.m. ET on Tuesday, March 11, 2014.

https://stories.starbucks.com/press/2014/starbucks-to-present-at-bank-of-america-merrill-lynch-consumer-and-retail-c/

Starbucks Names New Leaders for Teavana and Canada

Annie Young-Scrivner appointed evp, president, Teavana

Rossann Williams named svp, president, Starbucks Canada

Company News