New Reserve Roastery opening in the historic Palazzo Delle Poste building will be first in Europe

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Milan, ITALY; February 28, 2017&nbsp;–&nbsp;Today, Starbucks Coffee Company (NASDAQ: SBUX) announced its newest Roastery location on Piazza Cordusio in Milan with a dramatic unveiling of the building prior to its remodel. Set to open in late 2018, the Milan Reserve Roastery will be the first Starbucks Roastery to open in the Europe, Middle East and Africa region, and the fifth&nbsp;globally.&nbsp;

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Located at the historic&nbsp;turn-of-the-century Palazzo Delle Poste building on Piazza Cordusio, this one-of-a-kind 25,500-square-foot retail space will feature the company’s premium, small-batch&nbsp;Reserve coffees served in a variety of brewing methods in a beautiful environment. &nbsp;

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"As mayor and as a citizen of Milan I am pleased that an international company, known for its standing and reliability such as Starbucks, has decided to invest in our city, choosing the famous Post Office building as the site of its first store in Italy," said Milan Mayor Giuseppe Sala. "On this occasion, I would like to welcome this new venture and thank Howard Schultz for choosing Milan. Starbucks is a brand famous worldwide. Its presence in the city is for us a further confirmation of the important attractiveness of Milan on the entrepreneurial scale."

At its recent Investor Day, Starbucks announced its ongoing investment in the premium Reserve brand, including opening 20-30 Roastery locations around the world, over time. This new location will be designed specifically for the Milanese customer, integrating the world-famous theatre of coffee in Italy and will offer freshly baked food on site from Italian artisan baker Rocco Princi, the exclusive food provider for all new global Roastery locations.

Following the Roastery opening, Italian licensee and business partner Percassi will open a small number of Starbucks stores in Milan for the balance of 2018.&nbsp; Each new store will be carefully designed and curated to respect the local community and unique Milanese context. Taking a respectful and measured approach to store openings is at the heart of the Starbucks strategy in Italy. Together with the Milan Roastery, Starbucks and Percassi will create job opportunities for around 350 partners (employees) in Italy.

Starbucks debut&nbsp;of its first Roastery in Seattle in 2014 was the most successful store opening&nbsp;in the company’s history. Since then, the company has announced additional Roastery locations coming to Shanghai in 2017 and New York as well as Tokyo in 2018.

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Located at the historic turn-of-the-century Palazzo Delle Poste building on Piazza Cordusio, this one-of-a-kind 25,500-square-foot retail space will feature the company’s premium, small batch Reserve coffees.

Starbucks Roastery Coming to Milan in 2018

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“用星说” (Say it with Starbucks), a new social gifting feature on Weixin, fosters deeper human connections through the instant delivery of gratitude and love with the gift of Starbucks

SHANGHAI; February 10, 2017– Starbucks Coffee Company (NASDAQ: SBUX) today announced the launch of“用星说” (Say it with Starbucks), a new social gifting feature on Weixin, in China. Co-created by Starbucks and Weixin, China’s leading mobile social communications service, this pioneering online-to-offline social gifting innovation encourages everyday acts of kindness and appreciation among family and friends, by enabling users to instantly and conveniently gift a Starbucks beverage or digital gift card. Starbucks is the first retail brand to bring to life a locally-relevant social gifting experience in China. The launch today follows the strategic partnership announcement between <a href="https://news.starbucks.com/news/starbucks-tencent-partnership">Starbucks and Tencent in December 2016</a>.

“Our new social gifting feature aims to deepen the shared moments of connection by allowing our customers to express their love, concern and gratitude, with the gift of Starbucks, to the people most important to them,” said <a href="https://news.starbucks.com/leadership/belinda-wong">Belinda Wong</a>, ceo, Starbucks China. ”By leveraging the power and reach of Weixin, we want to encourage everyday simple acts of kindness to put a smile on someone’s face at any time or place, while elevating the unique Starbucks Experience beyond our retail stores in China.”

During the initial launch period, Weixin has opened a convenient access for 'Say it with Starbucks’ users in its Weixin Wallet-function, demonstrating the significance of the strategic partnership to both companies. The Starbucks China Weixin official account continues to provide a fast, permanent access to the social gifting feature.

“This is the beginning of an exciting social gifting journey for Starbucks. During the trial phase two weeks ago, our partners (employees) and many Starbucks customers became the first in China to experience this innovation and have conveyed tens of thousands of gestures of love, gratitude and care to their friends and loved ones,” added Molly Liu, vp, China Digital Ventures. “We are looking forward to inspire even more of our customers to show their love and appreciation through ‘Say it with Starbucks.’ Meanwhile, we will continue to enhance the social gifting experience to celebrate important festivals and holidays in China and the special moments in our customers’ lives.”

A sister product of WeChat, Weixin targets Chinese domestic users, and together, the platform has 846 million global monthly active users (as of the third quarter of 2016).

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“用星说” (Say it with Starbucks), a new social gifting feature on Weixin in China, enables users to instantly and conveniently gift a Starbucks beverage or digital gift card.

Starbucks and Weixin to Launch Social Gifting Innovation

Starbucks Partners with Weixin to Launch Social Gifting Innovation in China

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Today (January 30), Starbucks is taking the next step toward evolving the digital customer experience by launching voice ordering capabilities within the Starbucks mobile iOS app and the popular Amazon Alexa platform. These features are an extension of Starbucks Mobile Order &amp; Pay, which allows customers to order and pay for their items before arriving at their store, further extending the barista and customer interaction within the company’s digital ecosystem.

Select customers can now order coffee “on command” using My Starbucks® barista as part of an initial feature rollout integrated seamlessly into the Starbucks mobile app for iOS. At the same time, the company is launching a Starbucks Reorder Skill on the popular Amazon Alexa platform. Both features allow customers to order from Starbucks simply by using their voice.

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“The Starbucks experience is built on the personal connection between our barista and customer, so everything we do in our digital ecosystem must reflect that sensibility,” said Gerri Martin-Flickinger, chief technology officer for Starbucks. “Our team is focused on making sure that Starbucks voice ordering within our app is truly personal and equally important was finding the right partner in Amazon to test and learn from this new capability. These initial releases are easy to use providing a direct benefit to customers within their daily routine and we are confident that this is the right next step in creating convenient moments to complement our more immersive formats. We expect to learn a lot from these experiences and to evolve them over time.”

Previously announced at <a href="https://news.starbucks.com/news/investor-day-2016-press-release">Starbucks Investor Day</a>, My Starbucks® barista, is powered by groundbreaking Artificial Intelligence (AI) for the Starbucks® Mobile App. The integration of the feature within the mobile app allows customers to order and pay for their food and beverage items simply by using their voice. The messaging interface allows customers to speak or text just as if they were talking to a barista in-store, including modifying their beverage to meet their personal preference. This beta test of My Starbucks® barista will be available to one thousand customers nationwide with plans for a continued phased rollout through summer 2017/ An Android version will follow later this year.

The Starbucks Reorder Skill for Amazon’s Alexa platform leverages Starbucks Mobile Order &amp; Pay technology, allowing customers to order their “usual” Starbucks food and beverage items as they move throughout their day. Customers simply need to say “Alexa, order my Starbucks,” giving them the ability to order their usual items from their store wherever they have an Alexa device.

Starbucks offers the largest and most robust mobile ecosystem of any retailer in the world with 13 million Starbucks Rewards™ members in the United States alone and more than 27 percent of transactions occurring via mobile device. Starbucks Mobile Order &amp; Pay currently accounts for more than 7 percent of transactions in U.S. company-operated stores.

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Starbucks is taking the next step towards evolving the digital customer experience by launching voice ordering capabilities within the Starbucks mobile iOS app and the popular Amazon Alexa platform.

Starbucks Debuts Voice Ordering

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Comparable Store Sales Up 6% in China; Up 3% Globally and in the U.S. and Americas

Consolidated Net Revenues Rise 7% to Record $5.7 Billion; Operating Margin Expands to Q1 Record 19.8%

GAAP EPS Up 11% to $0.51; Non-GAAP EPS Up 13% to $0.52

Card Loads in U.S./Canada Jump 15% to Record $2.1 Billion; Active U.S. Rewards Membership Up 16% to 12.9 Million; Company Reaffirms Outlook for Fiscal 2017

SEATTLE; January 26, 2017 – Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended January 1, 2017. Fiscal 2017 and fiscal 2016 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 2017 Highlights:

• Global comparable store sales increased 3% comprised of a 3% increase in the Americas, a 5% increase in CAP, and a 1% decrease in EMEA

◦ U.S. comparable store sales increased 3% comprised of a 5% increase in average ticket and a 2% decrease in transactions. Adjusting for the estimated impact of order consolidation related to the new Starbucks Rewards™ loyalty program, average ticket grew 3% with transactions flat to prior year.

• Record consolidated net revenues of $5.7 billion grew 7% over prior year

• Record Q1 consolidated operating margin expanded 10 basis points to 19.8%

• GAAP EPS of $0.51 increased 11% over Q1 FY16

• Non-GAAP EPS of $0.52 increased 13% over Q1 FY16 non-GAAP results

• Record $2.1 billion loaded on Starbucks Cards in the U.S. and Canada in Q1, up 15% year-over-year; Starbucks Card transactions reached 40% of U.S. company-operated transactions

• Active membership in Starbucks Rewards grew 16% year-over-year to 12.9 million members in the U.S.

• Mobile Order and Pay represented 7% of U.S. company-operated transactions in the quarter, up from 3% in the prior year; Mobile Payment reached 27% of U.S. company-operated transactions

• The company opened 649 net new stores in the quarter, bringing total stores to 25,734 in 75 countries worldwide

PDF: <a href="https://stories.starbucks.com/wp-content/uploads/2019/01/Q1_FY17_Starbucks_Earnings_Release.pdf">Detailed financial data</a>

“Starbucks is engaging more deeply – and more frequently – and expanding its base of loyal customers faster and more consistently today than ever before,” said Howard Schultz, chairman and ceo. “The trust and confidence our customers have in the Starbucks brand is fueling our flywheel and propelling our business forward in markets and channels all around the world.”

“We are pleased with the record Q1 financial and operating results we announced today, particularly given that the results were delivered in the face of a challenging environment for restaurant retailers overall,” said Scott Maw, cfo. “As always, credit for our success belongs to the more than 300,000 Starbucks partners around the world who proudly wear the green apron and who deliver an elevated Starbucks Experience to our customers now over 90 million times, each week.”

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Q1 financial 2017 highlights: Comparable store sales up 6% in China; up 3% globally and in the U.S. and Americas; consolidated net revenues rise 7% to record $5.7 billion.

Starbucks Reports Record Holiday and Record Q1 FY17 Results

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Q1 financial 2017 highlights: Comparable store sales up 6% in China; up 3% globally and in the U.S. and Americas; consolidated net revenues rise 7% to record $5.7 billion

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With major gifts from The Starbucks Foundation, Schultz Family Foundation, and Microsoft, more than 50 local businesses and organizations respond to the crisis of children living outside and call for urgent action to expand capacity and resources

SEATTLE (January 24, 2017) – Businesses and individuals across King County came together in an unprecedented way this past holiday season to support the annual No Child Sleeps Outside campaign to address the crisis of hundreds of families and children sleeping outside in King County, many of whom are waiting months on average for basic emergency shelter. With contributions from more than 50 local businesses, organizations, foundations, and thousands of people who gave online and in over 200 local Starbucks® stores, Mary’s Place – the region’s largest family emergency shelter provider – raised a record $4.5 million in just over 30 days. This temporary boost in funding will allow <a href="http://www.marysplaceseattle.org/">Mary’s Place</a> to open up to three family shelters and serve as many as 500 unsheltered families over the next nine months, giving Seattle and King County’s public officials and service providers time to implement the long-term reforms recommended by experts in the field.

“This remarkable gift will allow us to bring more homeless families inside by significantly expanding our emergency shelter capacity, as well as the comprehensive housing, employment and wellness services we provide to prepare hundreds of families for rapid and successful housing placement,” said Marty Hartman, executive director of Mary’s Place. “We hope to use the funds raised to open the first of these family centers as early as February. The amazing success of this campaign gets us that much closer to our goal of bringing all families inside in the long-term, and we are so grateful! With the city and county’s support, we can ensure that families and children sleeping outside in cars are safe and have hope.”

In Seattle and King County, hundreds of families, mostly single mothers and children, are sleeping outside in cars, tents and doorways – places deemed “unfit for human habitation.” Seattle’s business and philanthropic community came together for the third year with the initial goal of raising $500,000, but that goal quickly expanded when The Starbucks Foundation, The Schultz Family Foundation and Microsoft Corp. joined the campaign, announcing $2 million, $1 million and $250,000 in donations respectively to bring urgent attention to the untenable crisis. The campaign quickly grew as another 23 new organizations joined the campaign, bringing total contributions to a record $4.5 million. This includes the more than 60,000 Starbucks customers who made donations ranging from $1 to over $4,000 in more than 200 stores across the county last month.

“Howard and I are encouraged to see local businesses, government and community organizations working together to address the homelessness crisis in Seattle,” said Sheri Schultz, president and cofounder of the Schultz Family Foundation. “We’ve taken the important first step to get more families off the streets but this is only a short-term fix. We have to address the systemic problems that led to this crisis and move urgently to implement the recommendations made in recent reports for the city and county.” 

“When we first asked our customers to help us support Mary’s Place during the month of December three years ago, we could only dream of its eventual potential,” said Jasmine Donovan, vice president, Dick's Drive-In Restaurants. “We are thrilled to be joined this year by so many amazing Seattle companies and individuals, especially our fellow restaurants in the Seattle Restaurant Alliance. Together we will realize the dream that no child sleeps outside in our city.”

“We live in one of the most innovative and generous communities in the world,” said Mary Snapp, corporate vice president and head of Microsoft Philanthropies. “While it’s encouraging that we mobilized an effective stop-gap for homeless families this winter, we need innovative system reforms to bring this crisis to an end once and for all. Our most vulnerable children and families deserve nothing less.”

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Mary’s Place and Business Community Ready to Work with City, County to Implement Critical Reforms

As a result of this outpouring of support to bring homeless families inside this winter, Mary's Place can now pursue its ambitious plans to bring more families inside to warmth, safety and stability by the end of 2017. The organization is currently working with officials in Seattle and throughout King County to identify sites for up to three family shelters, which together could serve as many as 500 families.

With this critical funding in hand, King County’s business leaders joined Mary’s Place in helping public officials build on their progress to date and implement the reforms necessary to protect the vulnerable, bring more families inside, and ensure this disaster is not repeated. Over the next nine months, they are collectively calling for:

Urgent action: The number of families sleeping outside continues to increase. There are not enough beds for all who need them. Permitting and leasing of public buildings for temporary shelters must be accelerated.

Prioritizing the most vulnerable: Despite our community’s best efforts, families and children make up a significant number of the unsheltered population and should receive increased and immediate resources to help them survive. This is particularly important for young children.

As a first step, Starbucks announced that it will work with the Seattle Chamber of Commerce to continue to engage the business community and service providers, as well as the city and county, to ensure the crisis of unsheltered families and children does not repeat. The two organizations will announce additional details next month regarding a series of sessions designed to move our community toward solutions.

Mary’s Place was pleased to welcome Seattle Mayor Ed Murray and King County Executive Dow Constantine to an event today at the Mary’s Place Guest Rooms in Seattle. The goal of the event was to thank campaign supporters, which now include more than 50 organizations, including Starbucks, Schultz Family Foundation, Microsoft, Dick’s Drive-In Restaurants, Alaska Airlines, Amazon, Aegis Living, American Floors &amp; Blinds, Bank of America, Bang Enterprises, Biscuit Bitch, Bisnow Seattle, Boeing, Chihuly Studio, Comcast, Costco, Columbia Bank, Downtown Seattle Association, Expedia, Foster Pepper PLLC, Globus, Greater Seattle Business Association (GSBA), Group Health, Holland America Line, HomeStreet Bank, Joshua Green Foundation, USI Kibble &amp; Prentice, Key Bank, Kohary Construction, Laird Norton Properties, Lennar Multifamily Communities, Lease Crutcher Lewis, Lunchbox Laboratory, MCM, Concur, Nationwide Insurance, Neighborhood Grills, Nintendo of America, Nordstrom, PEMCO Insurance, Regence, Scan Design Foundation, Seattle Mariners, Seattle Seahawks Women’s Association, Seattle Metropolitan Chamber of Commerce, Seattle Restaurant Alliance, The Seattle Times, Vertical Bridge, Vulcan Inc., Virginia Mason, Washington Bankers Association, Washington Federal Bank, Weyerhaeuser, Windermere Foundation, Women’s Council of Realtors, and Zoots. 

Mary’s Place empowers homeless women, children and families to reclaim their lives by providing shelter, nourishment, resources, healing and hope in a safe community. Mary’s Place operates six crisis response family shelters providing refuge and community for 400 family members experiencing homelessness. The organization focuses on an innovative strategy of combining prevention, emergency shelter and resources for transition into housing to bring families out of homelessness. At their Family Center, Mary’s Place provides shelter, services and resources in the same building. This allows families, together with their assigned Housing &amp; Wellness Advocates, to focus on individualized plans for overcoming barriers and finding employment and stable housing. It does all this cost effectively in loaned buildings that are empty and awaiting development, for just dollars per night. To learn more, visit <a href="http://www.marysplaceseattle.org">www.marysplaceseattle.org</a>.

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Mary’s Place raised a record $4.5 million in just over 30 days with contributions from more than 50 local businesses, organizations, foundations, and thousands of people who gave online and in over 200 local Starbucks stores.

Starbucks Supports No Child Sleeps Outside Campaign

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SEATTLE; January 11, 2017 – Starbucks Corporation (NASDAQ: SBUX) plans to release its first quarter fiscal year 2017 financial results after the market close on Thursday, January 26, 2017, 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 Saturday, February 25, 2017.

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Starbucks plans to release its first quarter fiscal year 2017 financial results after the market close on Thursday, January 26, 2017, with a conference call to follow at 2:00 p.m. PT.

Starbucks Announces Q1 FY17 Results Conference Call

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Kevin Johnson to become chief executive officer and assume full responsibility for Starbucks global business and operations

Howard Schultz to become executive chairman and focus on retail innovation and accelerating growth of Starbucks ultra-premium retail formats

SEATTLE (Dec. 1, 2016) – Starbucks Corporation (NASDAQ: SBUX) today announced that <a href="https://news.starbucks.com/leadership/kevin-johnson">Kevin Johnson</a>, president and chief operating officer and a 7-year member of the Starbucks Board of Directors, will expand his responsibilities and assume the role and responsibilities of president and chief executive officer, effective April 3, 2017.

Also effective April 3, 2017, <a href="https://news.starbucks.com/leadership/howard-schultz">Howard Schultz</a>, chairman and ceo, will be appointed executive chairman and will shift his focus to innovation, design and development of Starbucks Reserve® Roasteries around the world, expansion of the Starbucks Reserve® retail store format and the company’s social impact initiatives. In this new role Schultz will continue to serve as chairman of the Board.

“Starbucks consistently outperforms the retail industry because our stores, our offerings and the experiences our partners create make us a destination. The best evidence of the success of the core strategy driving our business is that we continue to deliver quarter after quarter of record, industry leading revenue, comp sales and profit growth, and that the newest classes of Starbucks stores continue to deliver record-breaking revenues, AUV’s and ROI both in the U.S. and around the world,” said Schultz. “As I focus on Starbucks next wave of retail innovation, I am delighted that Kevin Johnson – our current president, coo, a seven-year board member and my partner in running every facet of Starbucks business over the last two years – has agreed to assume the duties of Starbucks chief executive officer. This move ideally positions Starbucks to continue profitably growing our core business around the world into the future.”

 As president and chief operating officer since March 2015, Johnson has led the company’s global operating businesses across all geographies as well as the core support functions of Starbucks supply chain, marketing, human resources, technology, and mobile and digital platforms. Johnson has been a Starbucks board member since 2009, and will continue to serve as a member of the Board.

"Over the past two decades, I have grown to know Starbucks first as a customer, then as a director on the board, and for the past two years as a member of the management team. Through that journey, I fell in love with Starbucks and I share Howard’s commitment to our mission and values and his optimism for the future," said Johnson. “It is an honor for me to serve the more than 300,000 partners who proudly wear the green apron and I consider it a privilege to work side-by-side with Howard, our world-class board of directors, and a very talented leadership team. Together, we will reaffirm our leadership in all things coffee, enhance the partner experience and exceed the expectations of our customers and shareholders. We believe in using our scale for good and having positive social impact in the communities we serve around the world.”

Johnson's career spans 33 years in the technology industry which included a 16-year career at Microsoft and a five-year tour as CEO of Juniper Networks. At Microsoft, he led worldwide sales and marketing and became the president of the Platforms Division. In 2008, he was appointed to the National Security Telecommunication Advisory Committee where he served Presidents George W. Bush and Barack Obama. He joined the Starbucks board in 2009 and the management team in 2015.

Transcript from Investor and Media Conference Call, December 1, hosted by Howard Schultz and Kevin Johnson

Kevin and I are very excited to have this opportunity to provide additional context around this afternoon’s announcement and to answer any questions you might have.

You may recall that it was three years ago that I shared with you what I sensed were the early signs of a seismic shift in consumer behavior – away from bricks-and-mortar and towards mobile and online retailing. Today, that shift has taken firm hold around the world, both disrupting and redefining retailing and significantly reducing the consumer foot-traffic that traditional retailers have relied on for decades.

Despite the shift, Starbucks has been able to consistently outperform the retail industry. We’ve been able to do so because our stores, our offerings and the experiences our partners create make us a destination, and because we invested way ahead of the curve to create world-class mobile, loyalty and digital capabilities that enable us to provide our customers with an increasingly elevated Starbucks Experience to our customers.

Evidence of the correctness, and the success, of the core strategy that is driving our business are the facts that we continue to deliver quarter after quarter of record, industry-leading revenue, comp sales and profit growth, and that each successive new class of Starbucks stores is delivering record-breaking revenues, AUVs, ROI – both in the U.S. and around the world. This trend was repeated most recently in the 2016 fiscal year that just ended.

I also shared with you the view that the U.S. was over-retailed. To survive – let alone succeed – traditional bricks-and-mortar retailers would have to evolve their physical spaces into relevant customer destinations, as Starbucks stores have been for the last 40 years through the environments we create and the beverages and foods we serve – and create premiumized, experiential consumer venues.

That view is what inspired development of the Starbucks Roastery and Reserve brand.

Since its opening two years ago, our Seattle Roastery has become widely recognized as the world’s most immersive, coffee-forward retail experience. Executives from premier global retailers like Apple, Nike and Zara have shared with me their view that the Roastery delivers the best retail experience – in or out of coffee – that they have ever encountered. Our Roastery is attracting customers and visitors to Seattle alike, and casting a bright halo across the entire Starbucks global brand and ecosystem.

With the Roastery, we introduced into the coffee category a previously unattained level of premiumization. Its success is unparalled, last year achieving a comp sales increase of 24% and delivering a ticket that is four times the ticket of a typical Starbucks store. The Roastery has become a learning laboratory for breakthrough innovation and experiential design and a beacon for the next wave of Starbucks global growth and evolution.

Going forward, we will open at least 20 Roasteries around the world, six by the end of calendar 2019 alone. At the same time, elements of the Roastery are forming the basis of the 1,000 or more Starbucks Reserve stores we will be opening around the world in the years ahead.

Starbucks Reserve is a new, premium retail coffee format that will showcase the newest coffee-brewing methods and offer customers the finest assortment of exclusive, micro-lot coffees sourced from around the world in an all sensory experience emblematic of our Seattle Roastery, paired with artisanal food offerings developed with our partners from Italian artisanal baker Princi. We expect Starbucks Reserve stores to deliver twice the unit economics of the typical Starbucks store.

We will also add Reserve bars into thousands of existing Starbucks stores over time. Let me explain what a Reserve bar is and what that means to the company.

The Roastery has taught us and demonstrated that we can create customized, handcrafted beverages for our customers, using cutting-edge brewing methods and profitably deliver them at scale. Over time, you will see us introduce this unique capability into thousands of existing Starbucks stores around the world, further elevating the Starbucks Experience we deliver to our customers and further extending the halo that the Roastery casts across the entire Starbucks brand.

Like our current stores – and the new classes of Starbucks stores we will be opening globally in the years to come – Roasteries, Reserve Stores and Reserve bars that will be customer destination venues. They will broaden, deepen and elevate our customer experience, and represent an unprecedented new global growth opportunity for the company. I am personally as passionate about developing the Reserve brand, and opening more Roasteries, as I was about opening our first espresso bar more than 30 years ago in Seattle.

As I shift my focus to this next wave of retail innovation, I am sincerely pleased that Kevin Johnson – our current president, coo, a seven-year board member, and my partner in running every facet of Starbucks business day-to-day over the last two years – will be assuming the duties of Starbucks chief executive officer in April 2017. This move ideally positions Starbucks to continue to profitably grow our core business around the world.

Let me tell you why I personally asked Kevin to take on the ceo role, and why the Board and I believe that he is the ideal ceo for Starbucks at this moment in our journey.

Many of you are familiar with the breadth of global management experience and the deep consumer and technology expertise that Kevin brought to Starbucks when he joined our board in 2009.

Since then, Kevin has been a wise and supportive resource for me, personally, both during and following our company’s transformation. For years he has provided invaluable insights into how we scale the company around the world, and how to best integrate industry leading customer facing technology into our customer experience and operations.

I'll simply note that Kevin has been immersed with us on management and operations issues and opportunities well before he took over the coo role two years ago. And that the two fiscal years following his engagement have been the best years in the history of Starbucks Coffee Company, with the most recent year producing record-shattering financial results and operating metrics across the board. Let me just say he deserves a tremendous amount of credit.

Along the way, Kevin and I have formed a trusting partnership, and Kevin’s collaborative leadership style has won the loyalty and respect of our people while driving the team to deliver record performance.

Kevin brings to the ceo role an unparalleled understanding of the market dynamics and strategic choices that have driven Starbucks to become one of the world’s most recognized and respected companies and brand.

We share a passion for customer-focused innovation and a commitment to preserving Starbucks heritage. Our complementary backgrounds – my entrepreneurial journey building Starbucks and Kevin’s decades spent scaling global businesses – will continue to help Starbucks navigate this new period of worldwide growth and innovation.

Kevin is, in every respect, a true servant leader and a person whose courage, compassion and empathy model the very characteristics we want for all partners and all our leaders. His approach to solving complex problems and his ability to bring out the best in people will continue to make all of us at Starbucks better in the same context that he has made me better.

I will remain Starbucks executive chairman, focusing full-time on the incredible growth opportunities we have in expanding Roasteries and building out our portfolio of Reserve stores and on Starbucks social impact agenda which will be a significant part of the focus going forward.

The truth is, in all my years at Starbucks I have never been more energized or exhilarated about the opportunities that lie ahead.

Please join me in congratulating Kevin. These are exciting times for all of us. Kevin…

Thank you, Howard, and good afternoon everyone.

Howard summarized our strategic imperative very well. Given the seismic shifts in consumer retail behavior, we have seamlessly extended our brick-and-mortar experience to the digital world, and we are now focused on a multi-year strategy to elevate the entire brand, extend our differentiation around the customer experience, and build on the strength of Starbucks as a destination.

Our five-year strategic plan, which we will review again at next week’s investor conference in New York, outlines seven core strategies for growth that will enable us to capture the global growth opportunities before us.

I firmly believe in this strategy, and we are already in execution mode. As a leadership team, we have prioritized initiatives, allocated resources, and aligned talent to enable us to execute against this strategic plan. It was the key driver of the organizational alignment decisions we made in July, when we created a Global Starbucks Retail organization and a Siren Retail organization.

Today’s announcement is another evolutionary step in our journey. This formalizes the leadership roles and responsibilities that Howard and I have taken on as we focus on this strategic plan. This plan requires us, as a leadership team, to execute several things in parallel and do them well. We are doing this by leveraging Howard’s unique capability to establish an ultra-premium consumer experience through the Roasteries and Reserve Stores while we continue to leverage my experience in large global businesses and technology to accelerate the pace of customer-relevant innovation across the entire brand – all at scale.

I value the partnership that Howard and I have developed over the past decade. My experience working with him on the board since 2009 combined with the past two years on the management team has evolved into a very special relationship. We share common values, a love for the company, and a commitment to always do the right thing for our partners, our shareholders, the customers and communities we serve.

I do want to acknowledge the obvious: Howard Schultz is among the world’s most iconic leaders and entrepreneurs. I know Howard doesn’t personally think of himself that way, but as his business partner and friend, I know this to be true. It is a privilege to work side-by-side with Howard. I have great confidence in our strategy, the partnership that we have developed, and the world-class talent we have assembled.

The women and men of Starbucks Leadership Team have become my trusted partners. They support this transition, and I appreciate the passion, creativity and commitment that each person brings to this team. We work well together and have built a foundation of trust, transparency and teamwork. I believe we will elevate our collective contribution as we pursue our mission and achieve the company’s ambitious goals.

A few final thoughts: Having Starbucks in my life has been a gift. I know I am not alone. So many Starbucks partners have shared their personal life stories with me and what Starbucks means to them. I have so much respect and admiration for the more than 300,000 partners who proudly wear the green apron in service of others, and I am proud to serve them. I want to thank Howard for his faith in me, his ongoing partnership, and the immeasurable gifts he has given so many for so long. I am honored to serve as the chief executive of a company that has a role and responsibility – and a deep opportunity – to create value for so many. 

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 25,000 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 <a href="http://starbucks.com">www.starbucks.com</a> and <a href="https://news.starbucks.com/">www.news.starbucks.com</a>.

Forward Looking Statements

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, fluctuations in U.S. and international economies and currencies, our ability to preserve, grow and leverage our brands, potential negative effects of incidents involving food or beverage-borne illnesses, tampering, contamination or mislabeling, potential negative effects of material breaches of our information technology systems to the extent we experience a material breach, material failures of our information technology systems, costs associated with, and the successful execution of, the company’s initiatives and plans, the acceptance of the company’s products by our customers, the impact of competition, coffee, dairy and other raw materials 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 October 2, 2016. The company assumes no obligation to update any of these forward-looking statements.

PU7bhthr-1696-2400 - Starbucks Stories

Kevin Johnson to become chief executive officer and assume full responsibility for Starbucks global business and operations; Howard Schultz to become executive chairman and focus on retail innovation and accelerating growth of Starbucks ultra-premium retail formats.

Starbucks Announces New Leadership Structure

Starbucks Announces New Leadership Structure to Drive Global Growth

https://stories.starbucks.com/press/2016/starbucks-announces-new-leadership-structure/

https://stories.starbucks.com/wp-content/uploads/2019/01/Howard_and_Kevin_low_res-1.jpg

SEATTLE; October 19, 2016– Starbucks Corporation (NASDAQ: SBUX) plans to release its fourth quarter and fiscal year 2016 financial results after the market close on Thursday, November 3, 2016, 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 investor website: <a href="http://investor.starbucks.com">http://investor.starbucks.com</a>. A replay of the webcast will also be available on <a href="http://investor.starbucks.com">Starbucks investor's website</a> until end of day Saturday, December 3, 2016.

NlRShU39-2448-3264 - Starbucks Stories

Starbucks plans to release its fourth quarter and fiscal year 2016 financial results after the market close on Thursday, November 3, 2016, with a conference call to follow at 2:00 p.m. PT.

Starbucks Announces Q4 FY16 Results Conference Call

Starbucks Announces Q4 and Fiscal Year 2016 Results Conference Call

https://stories.starbucks.com/press/2016/starbucks-q4-and-fy16-results-conference-call/

https://stories.starbucks.com/wp-content/uploads/2019/01/Q4_FY16-1.jpg

Employer-led coalition achieves goal two years ahead of schedule; Aligns with rest of sector to help one million young people in the next five years

SEATTLE (August 31, 2016) – The 100,000 Opportunities Initiative, the country’s largest employer-led coalition committed to creating pathways to meaningful employment for young people, today announced that it has met its goal of hiring 100,000 Opportunity Youth – the population of 16- to 24-year-olds who are out of work and not in school – two years ahead of schedule. The coalition, formed in July 2015, is now aligning with the cross-sector goal of creating one million opportunities by 2021. The group will continue to capture and share new recruiting and human resources practices tailored to hiring, retaining and advancing Opportunity Youth.

“A first job is the way many young people start their path in America. The creativity and commitment of the coalition to use our collective scale and convening power have taught us all many lessons as we reach an initial milestone to hire more than 100,000 Opportunity Youth,” said Howard Schultz, chairman and ceo of Starbucks and co-founder of the Schultz Family Foundation. “But, this is not a victory lap; our work is far from complete. This is just the beginning as we accelerate our efforts to build a network to reconnect one million Opportunity Youth in the next five years. By continuing to expand our coalition and leveraging the power of technology and hiring events, we will invest in solutions that further support the young people of America who are our future workers, customers and citizens.”

To date, more than 100,000 young people have found jobs with participating companies and more than 3,000 on-the-spot job offers were received at a series of employer-organized Opportunity Hiring Fairs in <a href="https://news.starbucks.com/news/100k-opportunities-initiative-offers-jobs-to-youth">Chicago</a>, <a href="https://news.starbucks.com/news/opportunity-fair-phoenix">Phoenix</a>, <a href="https://news.starbucks.com/news/100k-opportunities-initiative-to-bring-youth-hiring-fair-to-la">Los Angeles</a> and <a href="https://news.starbucks.com/news/opportunity-fair-seattle">Seattle</a>. In partnership with community leaders and elected officials, the innovative fairs help prepare young people for employment by teaching them interview techniques, resume-writing and advice regarding interview-appropriate clothing. The coalition is also building and sharing best practice models to engage young people in apprenticeships, internships, training programs and both part-time and full-time jobs.

“By using our scale and strengths, Walmart and the Walmart Foundation work to improve the lives of millions of people through creating economic mobility,” said Kathleen McLaughlin, President of the Walmart Foundation. “Through our Retail Opportunity initiative, we are working to not only advance our own 1.2 million associates, but elevate the entire retail sector. We are very pleased with the progress made to date through the 100,000 Opportunities Initiative and excited to continue working with other employers to hire, retain and build career pathways for opportunity youth.” 

“It is encouraging and exciting to see companies rethinking traditional hiring practices in ways that benefit youth and provide business value to employers,” said Judith Rodin, president of The Rockefeller Foundation. “The Rockefeller Foundation is proud to support the 100,000 Opportunities Initiative, and we look forward to continuing to work with these corporations committed to impact hiring. Together, we can grow these efforts to attract and retain qualified young people in a way that generates sustained impact, building a more inclusive economy that works for everyone.”

The latest companies to join the 100,000 Opportunities Initiative include Five Guys, Gene Juarez, Greyston Bakery, MOD Pizza, PCC Natural Markets, Savers and Swiss Post Solutions. The initiative is generously supported by Alaska Airlines, Arizona Community Foundation, Bill and Melinda Gates Foundation, California Endowment, Conrad N. Hilton Foundation, Delaware North, Dominos, FedEx, Hilton, HMS Host, JPMorgan Chase Foundation, MacArthur Foundation, Macy’s, Medina Foundation, Microsoft, My Brother’s Keeper Alliance, Nordstrom, Papa John’s, The Prudential Foundation, The Rockefeller Foundation, Seattle Foundation, Schultz Family Foundation, Starbucks, The Starbucks Foundation, Taco Bell, Target, T-Mobile, Walmart Foundation and the W.K. Kellogg Foundation. This work is supported by grants and led by The Aspen Institute’s Forum for Community Solutions and FSG. 

“Improving life outcomes for Opportunity Youth is a moral imperative and economic necessity, and we are thrilled to see the terrific response to this national effort from employers, community leaders and the young people themselves,” said Melody Barnes, chair of Aspen Institute’s Forum for Community Solutions. “We must stay the course and accelerate and deepen its efforts to provide opportunities to a million young people in the United States over the next five years so that we can make meaningful progress for this population.”

The Aspen Institute’s Forum for Community Solutions has served as an important intermediary for the initiative, leveraging its national Opportunity Youth Incentive Fund, which supports collaborative efforts focused on Opportunity Youth in 23 communities around the country. The Aspen Institute provides direct funding, leadership, technical assistance, and programmatic support to the 100,000 Opportunities Initiative in Chicago, Phoenix, Los Angeles, Seattle and future cities.

About the 100,000 Opportunities Initiative

The 100,000 Opportunities Initiative is the nation’s largest employer-led coalition of private sector companies committed to supporting “opportunity youth” as they prepare for and secure employment. Opportunity Youth are the 5.5 million 16-24 year olds in the United States who are out of school and not employed. The 100,000 Opportunities Initiative members believe this population is an untapped pool of talent for employers in the country.

The 100,000 Opportunities Initiative has grown to nearly 50 leading U.S. companies including Accenture, Alaska Airlines, Chipotle Mexican Grill, Cintas, CVS Health, Delaware North, Dominos, Evolution Fresh, FedEx, Five Guys, Gene Juarez, Greyston Bakery, Hilton Worldwide, HMSHost, Hyatt, JCPenney, JPMorgan Chase, Leisure Care, Lyft, Macy’s, Mars, MOD Pizza, Microsoft, Nordstrom, Panda Express, Papa John’s, PCC Natural Markets, Pizza Hut, Porch.com, Potbelly Sandwich Shop, Prudential Financial, Red Robin, Republic Services, Savers, Services Group of America, Sprinkles, Starbucks, Sweetgreen, Swiss Post Solutions, Taco Bell, Target, Teavana, T-Mobile, TOMS, Ulta Beauty, VILLA, Walgreens and Walmart.

For more information on the funding organizations, employers and learning partners involved, please visit <a href="http://www.100kOpportunities.org">http://www.100kOpportunities.org</a>.

Companies and other organizations interested in joining or learning more about the 100,000 Opportunities Initiative may email <a href="mailto:members@100kopportunities.org.?subject=100%2C000%20Opportunities%20Initiative">members@100kopportunities.org</a>.

8nISTIvu-3461-2286 - Starbucks Stories

The country's largest employer-led coalition achieves goal of hiring 100,000 youth two years ahead of schedule; Pledges to help one million young people in the next five years.

100,000 Opportunities Initiative Exceeds Hiring Goal

Employer-Led Coalition Hires 100,000 Opportunity Youth

https://stories.starbucks.com/press/2016/100k-opportunities-initiative-exceeds-hiring-goal/

https://stories.starbucks.com/wp-content/uploads/2019/01/100k_Goal_low_res-1.jpg

GAAP EPS Up 24% to a Q3 Record $0.51 Per Share; Non-GAAP EPS Up 17% to a Record $0.49 Per Share

Comparable Store Sales Rise 7% in China, 4% in the U.S. and 4% Globally; Revenues Up 7% to Q3 Record $5.2 Billion

Operating Income Up 9% to a Q3 Record $1.0 Billion; Channel Development Revenues Increase 9%; Operating Income Jumps 31%

Starbucks Rewards Active Membership Up 18% YOY; Now Over 12 Million Active Members in the U.S. and Canada

SEATTLE; July 21, 2016 – Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter and 39-week fiscal year to date ended June 26, 2016. 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.

Q3 Fiscal 2016 Highlights:

• Global comparable store sales increased 4%, comprised of a 4% increase in the Americas segment, a 3% increase in the China/Asia Pacific segment, and a 1% decline in the EMEA segment

• Consolidated net revenues grew 7% to a Q3 record $5.2 billion