Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended April 3, 2022.

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For the full press release, please visit our Investor Relations site&nbsp;<a href="https://s22.q4cdn.com/869488222/files/doc_financials/2022/q2/Q2-FY22-Earnings-Release-5_3_2022-Final.pdf" target="_blank" rel="noreferrer noopener">here</a>.

“We are single-mindedly focused on enhancing our core U.S. business through our partner, customer and store experiences. Given record demand and changes in customer behavior we are accelerating our store growth plans, primarily adding high-returning drive-thrus, and accelerating renovation programs so we can better meet demand and serve our customers where they are,” said Howard Schultz, interim chief executive officer. “The investments we are making in our people and the company will add the capacity we need in our U.S. stores today and position us ahead of the coming growth curve ahead,” Schultz added.

“We are confident that the investments in our partners, our stores and our brand that we announced today will deliver returns in excess of historic levels and accelerate our growth long into the future,” commented Rachel Ruggeri, chief financial officer.

“The investments we are making in our people and the company will add the capacity we need in our U.S. stores today and position us ahead of the coming growth curve ahead,” Schultz added.

Starbucks Reports Q2 Fiscal 2022 Results

Stories to inspire and nurture the human spirit

Starbucks Stories

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Starbucks Corporation

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Suspends Stock Buyback Program to Invest in Starbucks Employees and Stores for Long-term Growth

SEATTLE – Starbucks Corporation (NASDAQ: SBUX) today marked the return of founder Howard Schultz as chief executive officer and as a director on the company’s Board.

In an early morning <a href="https://stories.starbucks.com/stories/2022/message-from-howard-schultz-on-the-future-of-starbucks/">letter</a>, Schultz shared with all company stakeholders a vision and invitation to join in the reimagination of the company he built, one with a storied history and an enduring mission to inspire and nurture the human spirit — one person, one cup, and one neighborhood at a time.

“I am returning to the company to work with all of you to design our next Starbucks —&nbsp;an evolution of our company deep with purpose, where we each have agency and where we work together to create a positive impact in the world,” he wrote. &nbsp;&nbsp;

Schultz also announced Starbucks will suspend its stock repurchasing program, effectively immediately. “This decision will allow us to invest more into our people and our stores — the only way to create long-term value for all stakeholders.”

Schultz is known for his transparent and bold leadership with a history of leading a business that can simultaneously deliver best-in-class financial performance, shared success with its people and measurable societal impact in the communities it serves.

“Our vision is to once again reimagine a first-of-a-kind for-purpose company in which the value we create for each of us as partners, for each of us as customers, for our communities, for the planet, for shareholders—comes because our company is designed to share success with each of us and for the collective success of all our stakeholders,” he wrote. &nbsp;

Since the company’s initial public offering in 1992, Starbucks has continued to provide innovative benefits, including access to healthcare benefits for full- and part-time employees, equity in the form of stock options, free college tuition through the Starbucks College Achievement Plan, comprehensive mental health benefits, pay equity, best-in-class paid parental leave and a national sick pay program.

During Schultz’s previous four decades as ceo and chairman, the company grew from 11 stores to more than 28,000 stores in 77 markets around the world. &nbsp;During his tenure, Starbucks delivered a 21,000% gain in the value of its stock price between its initial public offering in 1992 and Schultz's departure as ceo in 2017.

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Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 34,000 stores worldwide, 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 stories.starbucks.com or <a href="http://www.starbucks.com">www.starbucks.com</a>

Howard Schultz smiling, in suit and tie in front of large Starbucks logo

The company will suspend the stock buyback program to Invest in Starbucks partners (employees) and stores for long-term growth, Starbucks announced in a press release Monday.

Starbucks founder Howard Schultz takes the helm as Starbucks chief executive officer

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SEATTLE – Starbucks Corporation (NASDAQ: SBUX) today hosted its 30th Annual Meeting of Shareholders virtually. Mellody Hobson, Independent Starbucks Board of Directors chair, joined Kevin Johnson, president and chief executive officer, for opening remarks following today’s news that Johnson made the personal decision to retire from the company after 13 years of service. Johnson, who served on the Starbucks Board since 2009, joined the Starbucks leadership team in 2015 as president and chief operating officer. In 2017, Johnson was named president and chief executive officer. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Howard Schultz as interim chief executive officer, effective April 4, 2022. Schultz will also rejoin the company’s Board of Directors.

“On behalf of the entire Board, I want to express our sincerest thanks to Kevin for his leadership of Starbucks,” said Hobson. “Kevin and the entire executive team stepped up to the challenge of the pandemic and navigated one of the most difficult periods in modern history. The economic certainty provided to partners during the early months of the COVID shut down, as well as during mandatory quarantines, underscores our core values and will be an enduring legacy for the company. During Kevin’s tenure, Starbucks scaled an industry leading digital offering spanning nearly 45 million Starbucks Rewards members in the U.S. and China.” 

“A year ago, I signaled to the Board that as the global pandemic neared an end, I would be considering retirement from Starbucks. I feel this is a natural bookend to my 13 years with the company. As I make this transition, we are very fortunate to have a founder who is able to step in on an interim basis, giving the Board time to further explore potential candidates and make the right long-term succession decision for the company,” said Kevin Johnson. “I have enjoyed every minute of the job and am proud of what we have achieved together. It has been an honor to serve the 400,000 Starbucks green apron partners around the world and I want to thank them for their service, resilience and optimism.”

Following opening remarks, joined by several members of the leadership team and green apron partners from around the world, Johnson went on to outline Starbucks continued investments and aspirations for people and the planet, and the company’s optimism for a future rooted in humanity, fueled by innovation, and architected by green apron partners.

During the meeting, company leaders extended appreciation to Johnson, celebrated the resilience of green apron partners who have continued to serve communities throughout the COVID-19 pandemic, and recognized all partners as agents in the co-creation of the company’s next chapter.

Listening, Learning and Elevating the Partner Experience

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Since 1971, partners have been the catalyst of the Starbucks Experience. Rossann Williams, executive vice president, president North America, today reaffirmed Starbucks continued commitment to listen, learn and work together with partners to deliver real, measurable value for partners, customers and shareholders.

“I’m so proud of all we've done these past two years and how our partners inspired the best ideas to lead us through the pandemic,” said Rossann Williams, president of Starbucks North America. “We are just coming out of one of the most complex times of our lives, and I’m proud of how we figured it out together, in service of each other, our customers and our communities.&nbsp;And we are going to use this exact same approach as we build our future, the way only Starbucks can.”

Committing Each Day to a People Positive Company

Virginia Tenpenny, vice president, chief global social impact officer and board member of The Starbucks Foundation, shared during the Annual Meeting that Starbucks is committed to being People Positive – a bold aspiration to enhance the well-being of one billion people who connect with the company by 2030 – rooted in opportunity, inclusion and community.

“Around the world, we continue to listen deeply to our partners to understand their needs and will remain laser-focused on ensuring we are constantly working to enhance every aspect of the green apron experience. This work is never done,” said Tenpenny. “As we enter a new chapter as a global society – and better understand the needs of our partners and communities – there is always an opportunity to do more and a new way to use our scale for good. For us, people positive means impacting all who come into contact with Starbucks with a goal to ignite mutual thriving across all communities.”

Tenpenny shared that Starbucks, in partnership with The Starbucks Foundation, has committed to a series of announcements to support the People Positive aspiration and strengthen communities around the world, including:

In addition, Starbucks introduced <a href="https://stories.starbucks.com/press/2022/starbucks-paves-way-for-more-inclusive-and-accessible-experiences-in-stores-around-the-world/">innovations to its global store portfolio </a>to further strengthen communities and create environments where all feel welcome. This includes committing to open or dedicate 1,000 Starbucks Community Stores across the globe by 2030; and ensuring that physical and digital Starbucks environments meet an elevated standard of accessibility for partners and customers by 2030.

Innovating for a More Sustainable Future

Also during today’s event, Brady Brewer, executive vice president and chief marketing officer, discussed Starbucks aspiration to be a resource positive company – giving back more than it takes from the planet. The company’s planet positive commitment was detailed earlier this week in an <a href="https://stories.starbucks.com/press/2022/starbucks-affirms-commitment-to-a-planet-positive-future-through-innovation-and-learnings-from-store-partners/">announcement</a> highlighting:

With a global test-and-learn approach to meet the company’s 2030 planet positive goals, Starbucks continues to find inspiration from partners who wear the green apron around the world. Both Michelle Burns, executive vice president, Global Coffee, Tea and Cocoa, and Michael Kobori, vice president and chief sustainability officer, joined Brewer to further discuss aspirations and initiatives underway in becoming planet positive.

"Starbucks is spending this year testing innovative ways to reduce waste and reduce our carbon footprint,” said Michael Kobori, vice president and chief sustainability officer. “Some of our best innovations, like the waste and recycling app, come directly from our store partners. Our store partners know their customers and communities best. When we work together with our partners, we find better solutions to create a more sustainable future for our planet and people.”

Reimagining Coffee Craft While Driving Beverage Innovation

Rachel Ruggeri, executive vice president and chief financial officer, previewed the company's continued efforts to innovate coffee craft through store experiences and coffee innovation. 

“At Starbucks, we recognize that one size does not fit all,” said Ruggeri. “Our success has been rooted in how we differentiate ourselves – meeting customers where they need us to be – from the personal connections our partners make with our customers every single day, to our store formats and menu offerings – it’s how we create your Starbucks.”

Building on the company’s continued efforts to raise the bar on coffee, Ruggeri highlighted its beverage innovation, notably in cold espresso and plant-based products, two of the company’s fastest growing categories. Cold beverages accounted for nearly 70 percent of Starbucks total beverage sales last fiscal year – up 20 percentage points over the past three years. Ruggeri also announced the launch of Clover VerticaTM, a new proprietary single cup, on-demand brewer, which will begin rolling out to stores this calendar year. &nbsp;

Delivering Growth at Scale

Ruggeri also discussed the company’s Growth at Scale agenda – noting the importance of being both people and planet positive while growing the business responsibly with focus and discipline. This is what has enabled the company to successfully navigate the pandemic while continuing to differentiate itself. Other key highlights from Ruggeri:

In looking to the future, Hobson notes, “Starbucks has always been a people-focused company guided by our belief that when we invest in our partners, they create the experience that uplifts our customers.&nbsp; That will not change,” said Hobson. “Today, demand for Starbucks is strong and growing. And I strongly believe the relationships built over our coffee make our world better.”

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 34,000 stores worldwide, 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 stories.starbucks.com or www.starbucks.com.

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 “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include statements relating to trends in or expectations relating to the effects of our existing and any future initiatives, strategies and plans, as well as trends in or expectations regarding our financial results and long-term growth model and drivers, the anticipated timing and effects of recovery of our business, the conversion of several market operations to fully licensed models, our plans for streamlining our operations, including store openings, closures and changes in store formats and models, expanding our licensing to Nestlé of our consumer packaged goods and Foodservice businesses and its effects on our Channel Development segment results, tax rates, business opportunities and expansion, strategic acquisitions, our future relationship with Starbucks Coffee Korea Co., Ltd., expenses, dividends, share repurchases, commodity costs and our mitigation strategies, liquidity, cash flow from operations, use of cash and cash requirements, investments, borrowing capacity and use of proceeds, continuing compliance with our covenants under our credit facilities and commercial paper program, repatriation of cash to the U.S., the likelihood of the issuance of additional debt and the applicable interest rate, the continuing impact of the COVID-19 pandemic on our financial results, future availability of governmental subsidies for COVID-19 or other public health events, the expected effects of new accounting pronouncements and the estimated impact of changes in U.S. tax law, including on tax rates, investments funded by these changes and potential outcomes and effects of legal proceedings. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Actual future results and trends may differ materially depending on a variety of factors, including, but not limited to: further spread of COVID-19 and related disruptions to our business; regulatory measures or voluntary actions that may be put in place to limit the spread of COVID-19, including restrictions on business operations or social distancing requirements, and the duration and efficacy of such restrictions; the potential for a resurgence of COVID-19 infections and the circulation of novel variants of COVID-19 in a given geographic region after it has hit its “peak”; fluctuations in U.S. and international economies and currencies; our ability to preserve, grow and leverage our brands; the ability of our business partners and third-party providers to fulfill their responsibilities and commitments; potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, 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, including the successful expansion of our Global Coffee Alliance with Nestlé; our ability to obtain financing on acceptable terms; the acceptance of the Company’s products by our customers, evolving consumer preferences and tastes and changes in consumer spending behavior; partner investments, changes in the availability and cost of labor including any union organizing efforts and our responses to such efforts; significant increased logistics costs; inflationary pressures; the impact of competition; inherent risks of operating a global business; the prices and availability of coffee, dairy and other raw materials; the effect of legal proceedings; and the effects of changes in tax laws and related guidance and regulations that may be implemented and other risks detailed in the company filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company's most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The company assumes no obligation to update any of these forward-looking statements.

Long-term non-GAAP EPS growth was not reconciled to the comparable GAAP EPS growth because GAAP EPS is not accessible on a forward-looking basis. The company is unable to reconcile this forward-looking non-GAAP financial measure to the most directly comparable GAAP measure without unreasonable efforts because the company is currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact GAAP EPS in the future but would not impact the non-GAAP EPS. Such items may include acquisitions, divestitures, restructuring, and other items. The unavailable information could have a significant impact on the company’s GAAP financial results.

Smiling barista wearing ballcap hands bag to customer

The company outlined investments and actions powered by – and for – green apron partners and stores around the world.

Starbucks Showcases Innovation for Growth and a More Connected and Sustainable Future at 2022 Annual Meeting

Starbucks Showcases Innovation for Growth and a More Connected and Sustainable Future at 2022 Annual Meeting of Shareholders

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Starbucks president and chief executive officer, Kevin Johnson, retiring after 13 years of service Search for ceo successor underway, led by Starbucks Board of Directors Howard Schultz to return as interim ceo until new leader joins

SEATTLE – Starbucks Corporation announced that Kevin Johnson, president and chief executive officer, intends to retire after a 13-year tenure at the company, including the last five years as ceo. Johnson will transition from his current role on April 4, 2022, and will continue to serve as a Starbucks partner (employee) and special consultant to the company and Board of Directors through September. The Starbucks Board of Directors has been engaged in continuous ceo succession planning, assisted by Russell Reynolds Associates since 2021, and anticipates selecting a new leader by the Fall. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Howard Schultz as interim chief executive officer, effective April 4, 2022. Schultz will also rejoin the company’s Board of Directors.

“On behalf of the entire Board, I want to express our sincerest thanks to Kevin for his leadership of Starbucks. Kevin and the entire executive team stepped up to the challenge of the pandemic and navigated one of the most difficult periods in modern history. The economic certainty provided to partners during the early months of the COVID shut down, as well as during mandatory quarantines, underscores our core values and will be an enduring legacy for the company. During Kevin’s tenure, Starbucks scaled an industry leading digital offering spanning nearly 45 million Starbucks Rewards members in the U.S. and China,” said Mellody Hobson, Independent Starbucks Board of Directors chair.&nbsp;

Johnson, who has served on the Starbucks Board of Directors since 2009, joined the Starbucks leadership team in 2015 as president and chief operating officer. In 2017, Johnson was named president and chief executive officer, succeeding founder Schultz.&nbsp;

Building on the rich heritage of the company, Johnson established the People Positive, Planet Positive and Profit Positive framework that seeks to create a better world for Starbucks partners, farmers, customers and the communities it serves. He expanded the company’s reach through the Global Coffee Alliance with Nestlé, which now operates in nearly 80 markets, and established and executed the Growth at Scale agenda that significantly increased shareholder value.&nbsp;

“A year ago, I signaled to the Board that as the global pandemic neared an end, I would be considering retirement from Starbucks. I feel this is a natural bookend to my 13 years with the company. As I make this transition, we are very fortunate to have a founder who is able to step in on an interim basis, giving the Board time to further explore potential candidates and make the right long-term succession decision for the company,” said Kevin Johnson. “I have enjoyed every minute of the job and am proud of what we have achieved together. It has been an honor to serve the 400,000 Starbucks green apron partners around the world and I want to thank them for their service, resilience and optimism.”&nbsp;

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Hobson and Johnson will provide an update to shareholders during the 2022 Starbucks Annual Meeting of Shareholders webcast later today. The Board of Directors has formed a working committee to oversee the ceo search process which is ongoing and yielding a strong slate of potential candidates.&nbsp;

As the company’s founder and architect of its culture, the Board of Directors believes Schultz is singularly qualified to serve as interim ceo until a new leader has been identified. In addition to the day-to-day management of the company, Schultz will participate in the search process and help onboard the next ceo.&nbsp;

“For 50 years, Starbucks has been relentlessly focused on exceeding the expectations of our people and our customers, while delivering best-in-class financial performance,” said Hobson. “As the company navigates the aftermath of the pandemic and socio-economic forces impacting the lives of all our stakeholders, Howard will reinforce the company’s culture, underscoring the organization’s commitment to innovating and executing on our core purpose and reason for being: to inspire and nurture the human spirit—one person, one cup and one neighborhood at a time.”&nbsp;

Schultz built Starbucks into one of the world’s most recognized and respected businesses, a company committed to strengthening communities through human connection and innovation. Under his leadership from 1987 to 2018, Starbucks grew from 11 stores with 100 partners to more than 28,000 stores in 77 countries. As ceo, he redefined the role and responsibility of a publicly held company, pioneering programs like comprehensive healthcare, stock ownership and free college tuition for full and part-time employees. During Schultz’s tenure, Starbucks stock price gained 21,000% from the time of its initial public offering in 1992 until he stepped down as executive chairman in 2018.&nbsp;

“When you love something, you have a deep sense of responsibility to help when called. Although I did not plan to return to Starbucks, I know the company must transform once again to meet a new and exciting future where all of our stakeholders mutually flourish,” said Schultz.&nbsp;

As interim ceo, Schultz will focus on setting an innovation framework, while also coaching and onboarding the next permanent ceo of Starbucks. “Our success is not an entitlement. We must continue to earn the trust of our people and our customers every day by how we deliver the Starbucks Experience, how we treat each other and how we act as a responsible community member and corporate citizen. With the backdrop of COVID recovery and global unrest, its critical we set the table for a courageous reimagining and reinvention of the future Starbucks experience for our partners and customers,” commented Schultz.&nbsp;

Schultz is volunteering his time as interim ceo to Starbucks and will receive $1 of compensation.&nbsp;

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 34,000 stores worldwide, 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 stories.starbucks.com or www.starbucks.com.&nbsp;

Forward-Looking Statements&nbsp;

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 “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include statements relating to trends in or expectations relating to the effects of our existing and any future initiatives, strategies and plans, as well as trends in or expectations regarding our financial results and long-term growth model and drivers, the anticipated timing and effects of recovery of our business, the conversion of several market operations to fully licensed models, our plans for streamlining our operations, including store openings, closures and changes in store formats and models, expanding our licensing to Nestlé of our consumer packaged goods and Foodservice businesses and its effects on our Channel Development segment results, tax rates, business opportunities and expansion, strategic acquisitions, our future relationship with Starbucks Coffee Korea Co., Ltd., expenses, dividends, share repurchases, commodity costs and our mitigation strategies, liquidity, cash flow from operations, use of cash and cash requirements, investments, borrowing capacity and use of proceeds, continuing compliance with our covenants under our credit facilities and commercial paper program, repatriation of cash to the U.S., the likelihood of the issuance of additional debt and the applicable interest rate, the continuing impact of the COVID-19 pandemic on our financial results, future availability of governmental subsidies for COVID-19 or other public health events, the expected effects of new accounting pronouncements and the estimated impact of changes in U.S. tax law, including on tax rates, investments funded by these changes and potential outcomes and effects of legal proceedings. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Actual future results and trends may differ materially depending on a variety of factors, including, but not limited to: further spread of COVID-19 and related disruptions to our business; regulatory measures or voluntary actions that may be put in place to limit the spread of COVID-19, including restrictions on business operations or social distancing requirements, and the duration and efficacy of such restrictions; the potential for a resurgence of COVID-19 infections and the circulation of novel variants of COVID-19 in a given geographic region after it has hit its “peak”; fluctuations in U.S. and international economies and currencies; our ability to preserve, grow and leverage our brands; the ability of our business partners and third-party providers to fulfill their responsibilities and commitments; potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, 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, including the successful expansion of our Global Coffee Alliance with Nestlé; our ability to obtain financing on acceptable terms; the acceptance of the Company’s products by our customers, evolving consumer preferences and tastes and changes in consumer spending behavior; partner investments, changes in the availability and cost of labor including any union organizing efforts and our responses to such efforts; significant increased logistics costs; inflationary pressures; the impact of competition; inherent risks of operating a global business; the prices and availability of coffee, dairy and other raw materials; the effect of legal proceedings; and the effects of changes in tax laws and related guidance and regulations that may be implemented and other risks detailed in the company filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company's most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The company assumes no obligation to update any of these forward-looking statements.&nbsp;

Starbucks ceo, Kevin Johnson with 10 starbucks partners in green aprons

Starbucks president and chief executive officer, Kevin Johnson, is retiring after 13 years of service.

Starbucks Announces Leadership Transition 

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Starbucks Announces Leadership Transition

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Ahead of its 30th Annual Meeting of Shareholders, Starbucks affirmed its bold aspiration to be a resource positive company – giving back more than it takes from the planet. With a test and learn approach to meet the company’s 2030 planet positive goals, Starbucks continues to find inspiration from green apron partners around the world. Today, Starbucks outlined efforts to reduce waste through innovative reusable cup programs, launched a waste and recycling app to support partners’ sustainability efforts and announced a new pilot program with Volvo to help electrify a driving route from the Colorado Rockies to Seattle.

“We have a bold long-term sustainability vision and ambitious goals for 2030,” said Starbucks president and ceo, Kevin Johnson. “Starbucks partners around the world are passionate about protecting our planet and are at the very center of driving the innovation that enables us to give more than we take from the planet.”

To help reach the company’s goal of reducing waste by 50% by 2030, Starbucks is shifting away from single-use plastics and piloting reusable cup programs in six markets around the world. By the end of next year, customers will be able to use their own personal reusable cup for every Starbucks visit in the U.S. and Canada – including in café, drive-thru and mobile order and pay.&nbsp; Our goal, by 2025, is to create a cultural movement towards reusables by giving customers easy access to a personal or Starbucks provided reusable to-go cup for every visit, making it convenient and delightful to reuse wherever customers are enjoying their Starbucks Experience.&nbsp;

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Store manager Kim Davis led one of the first stores to test Borrow a Cup in the U.S.

“Customers were just so excited to try something new and my partners had a lot of pride in testing it and giving that feedback to make the program even better,” said Kim Davis, store manager. “I do think that everyone really does want to contribute to a better world, and if we can help them do that one cup at a time, that is our mission right there.”

Starbucks continues to test multiple “Borrow-A-Cup” and reusable operating models in the United States, United Kingdom, Japan, and Singapore, with more countries in the year ahead. In addition, the company continues to encourage customers to bring their own cup and to emphasize for-here-ware as the default sit-and-stay experience, while exploring new customer incentives and technologies, like cup washing stations at café counters.&nbsp;&nbsp;

The company is also launching a new Starbucks Partner Waste and Recycling App, developed by partners as part of the <a href="https://stories.starbucks.com/stories/2019/a-more-sustainable-company-one-reality-tv-style-competition-at-a-time/">Greener Stores Innovation Challenge</a>, to help partners navigate complex and unique store recycling guidelines. The app puts everything partners need to know to reduce waste and recycle in one place; it features store specific information and notifications, a sorting guide and the option to create store specific signage for partners and customers.&nbsp;

"Starbucks is spending this year testing innovative new ways to reduce waste and reduce our carbon footprint,” said Michael Kobori, chief sustainability officer. “Some of our best innovations, like the Waste and Recycling App, come directly from our store partners.&nbsp; Our store partners know their customers and communities best. When we work together with our partners, we find better solutions to create a more sustainable future for our planet and people.”

In addition, Starbucks continues to rapidly expand its roster of renewable energy and decarbonization projects in the United States, including a new pilot program with Volvo Cars to electrify the driving route from the Colorado Rockies to the Starbucks Support Center in Seattle, providing a string of familiar, reliable, clean and safe places to recharge themselves and their battery-powered vehicles.

By the end of 2022, Volvo-branded electric vehicle (EV) chargers, powered by ChargePoint, will be available at up to 15 Starbucks stores along a 1,350-mile route from the Denver area to the coffee company’s Seattle headquarters, as part of the company’s 2,700 Greener Store portfolio.&nbsp;These DC Fast Chargers will be placed at Starbucks stores about every 100 miles, adding much needed peace of mind for EV drivers, who we know see today’s limited charging infrastructure as a major barrier to purchase. While customer’s cars are recharging outside, drivers can relax comfortably inside with their favorite Starbucks beverage.

By 2030, Starbucks aspires to lead the retail industry in decarbonization solutions, including Electric Vehicle charging and onsite solar availability at stores and in adjacent locations. Starbucks plans to continue expanding its solar pilot locations to 55 new stores this year.&nbsp;

Exterior of Starbucks with an EV charging station and a blue Volvo

Starbucks outlined efforts to reduce waste through innovative reusable cup programs, launched a waste and recycling app to support partners’ sustainability efforts and announced a new pilot program with Volvo.

Starbucks affirms commitment to a planet positive future through innovation and learnings from store partners

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Ahead of its Annual Meeting of Shareholders, today, Starbucks introduced innovations to its global store portfolio to further strengthen communities and create environments where all feel welcome, part of its continued effort to be a People Positive company. As part of this commitment, the company will expand the number of Community Stores it opens globally, establish tools to help Starbucks better understand the communities it serves and set a new standard for inclusive and accessible store experiences that benefit Starbucks partners (employees) and customers.

Starbucks commitment to be People Positive – a bold aspiration to enhance the well-being of all who connect with the company, rooted in inclusion, opportunity and community – sits at the heart of Starbucks Mission and Values, and comes to life through Starbucks partners and its stores.

“Since our earliest days, we have worked to create a culture of warmth and belonging in our stores – a place where everyone is welcome,” said Katie Young, senior vice president of global growth and development at Starbucks. “We know that the more we design for inclusion, to be welcoming and to strengthen our communities, the better our business will be and the better the Starbucks experience will be for our partners and customers. It inspires and motivates us to make our store and digital environments even more inclusive and accessible at every turn.”

Expanding Community Store Initiative Globally

As part of its goal to enhance the well-being of all who connect within its stores, Starbucks will open or dedicate 1,000 Starbucks Community Stores globally by 2030. These store concepts create environments for Starbucks partners to connect with, engage and represent the communities they serve.

Globally, nearly 150 Community Stores already exist, creating a space aimed to help uplift communities in locally relevant ways. These store concepts – led by partners who directly connect to the initiative or cause of that store – provide intentional and dedicated programming and experiences that support economic opportunity in communities, create pathways to opportunity for Starbucks partners, and amplify the positive impact of Starbucks partners and the Third Place. Community Stores around the world are inclusive of several store models, from serving under-resourced and vulnerable communities, to empowering farmers, youth and women, supporting military communities and creating impact in partnership with local nonprofit organizations.

In the U.S., these locations focus on helping provide economic opportunity in rural and urban communities through local hiring, creating dedicated space for communities to come together for events, partnering with local artists and working with diverse contractors and sub-contractors or focus on supporting service members, veterans and military families.

Leveraging New Tools to Better Understand Communities Starbucks Serves

Starbucks will use the American Human Development Index (HDI), developed and calculated by Measure of America (MoA), an initiative of the Social Science Research Council, to identify where its Community Stores could provide the most value and better serve vulnerable communities in the United States.

This information will help inform where and how Starbucks expands its Community Store portfolio in the United States, leveraging insights to create custom, innovative programming focused on inequities across education, food security, health and economic security. In addition to supporting economic development in under-resourced neighborhoods, Community Stores also serve as incubators for how Starbucks can scale locally-relevant programming to nearly 9,000 Starbucks stores across it serves across the country.

The HDI, one of the most widely used indices of well-being around the world, is a summary measure of average achievement in key dimensions of human development: a long and healthy life, access to knowledge, and having a decent standard of living.

Designing Inclusive Experiences

With the recognition that one in four American adults has a disability&nbsp;and all people experience changes to their physical or mental health, Starbucks is working to extend disability inclusion and accessibility.

Starbucks is committing to design, test and scale more inclusive design standards and experiences across its store portfolio, starting in the U.S. and then expanding standards globally, with the goal of ensuring that physical and digital Starbucks environments will meet an elevated standard of accessibility by 2030.

These standards will provide customers with more options to enjoy both their in-store and digital Starbucks experiences by creating more ways to communicate both visually and audibly and by offering more tools to help customer navigate physical store environments. To advance these standards, Starbucks is testing technology solutions in select store locations including:&nbsp; &nbsp;

These efforts build on other accessible design improvements over the last year. Since 2021, Starbucks has offered free Aira service, which connects people who are blind or have low-vision to trained, professional visual interpreters who provide instant access to visual information about the customer’s surroundings through a smartphone app. Starbucks also offers multiple formats of the menu including large-print and Braille menus in all stores in the U.S. and Canada.

Globally, Starbucks operates 11 Signing Stores that provide a space for the Deaf and hard of hearing community to connect through sign language and celebrate Deaf culture.

“We applaud Starbucks commitment to designing more accessible in-store and digital experiences that create a true sense of belonging for everyone,” said Jill Houghton, President and CEO, Disability:IN. “This inclusive design methodology helps level the playing field by recognizing disability is part of the human condition and is a natural part of anyone’s identity. We know that by designing a better experience for people with disabilities, you are also designing a better experience for all.”

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 “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include statements relating to trends in or expectations relating to the effects of our existing and any future initiatives, strategies and plans, as well as trends in or expectations regarding our financial results and long-term growth model and drivers, the anticipated timing and effects of recovery of our business, the conversion of several market operations to fully licensed models, our plans for streamlining our operations, including store openings, closures and changes in store formats and models, expanding our licensing to Nestlé of our consumer packaged goods and Foodservice businesses and its effects on our Channel Development segment results, tax rates, business opportunities and expansion, strategic acquisitions, our future relationship with Starbucks Coffee Korea Co., Ltd., expenses, dividends, share repurchases, commodity costs and our mitigation strategies, liquidity, cash flow from operations, use of cash and cash requirements, investments, borrowing capacity and use of proceeds, continuing compliance with our covenants under our credit facilities and commercial paper program, repatriation of cash to the U.S., the likelihood of the issuance of additional debt and the applicable interest rate, the continuing impact of the COVID-19 pandemic on our financial results, future availability of governmental subsidies for COVID-19 or other public health events, the expected effects of new accounting pronouncements and the estimated impact of changes in U.S. tax law, including on tax rates, investments funded by these changes and potential outcomes and effects of legal proceedings. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Actual future results and trends may differ materially depending on a variety of factors, including, but not limited to: further spread of COVID-19 and related disruptions to our business; regulatory measures or voluntary actions that may be put in place to limit the spread of COVID-19, including restrictions on business operations or social distancing requirements, and the duration and efficacy of such restrictions; the potential for a resurgence of COVID-19 infections and the circulation of novel variants of COVID-19 in a given geographic region after it has hit its “peak”; fluctuations in U.S. and international economies and currencies; our ability to preserve, grow and leverage our brands; the ability of our business partners and third-party providers to fulfill their responsibilities and commitments; potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, contamination or mislabeling; potential negative 5 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, including the successful expansion of our Global Coffee Alliance with Nestlé; our ability to obtain financing on acceptable terms; the acceptance of the Company’s products by our customers, evolving consumer preferences and tastes and changes in consumer spending behavior; partner investments, changes in the availability and cost of labor including any union organizing efforts and our responses to such efforts; significant increased logistics costs; inflationary pressures; the impact of competition; inherent risks of operating a global business; the prices and availability of coffee, dairy and other raw materials; the effect of legal proceedings; and the effects of changes in tax laws and related guidance and regulations that may be implemented and other risks detailed in the company filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company's most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The company assumes no obligation to update any of these forward-looking statements.&nbsp;

Collage of Community Store images: two baristas smiling under facial coverings leaning in together, Community Store signage, and digital display

Starbucks introduced innovations to its global store portfolio to further strengthen communities and create environments where all feel welcome, part of its continued effort to be a People Positive company.

Starbucks paves way for more inclusive and accessible experiences in stores around the world

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Seattle – The Starbucks Foundation today announced a $30 million investment by 2030 in a new Global Community Impact Grants portfolio designed to drive locally relevant impact in the communities where Starbucks operates around the world. To scale the initiative, The Starbucks Foundation is inviting partner companies (licensees) which operate the Starbucks brand across its three international regions – Asia Pacific; Europe, Middle East &amp; Africa; and Latin America &amp; the Caribbean – to nominate local nonprofit organizations for grants. These grants are intended to fund programs that create meaningful local or regional impact and expands on the company’s people positive ambition to enhance the well-being of all who connect with Starbucks.

For the inaugural round of grants, which will be awarded this April as part of Starbucks 12th annual Global Month of Good, the company’s international licensees nominated over&nbsp;80 local nonprofit organizations&nbsp;from more than&nbsp;40 markets. Grants will be awarded for causes aligned to The&nbsp;Starbucks Foundation’s community impact goals, including youth empowerment, inclusion &amp; diversity, social services, hunger relief,&nbsp;economic opportunity,&nbsp;and coffee-, tea- and cocoa-growing communities.&nbsp;

​As part of the initiative, licensees were&nbsp;encouraged to co-invest with The Starbucks Foundation and leverage other resources, including providing in-kind donations and encouraging Starbucks partners (employees) to volunteer, for&nbsp;greater impact:

“In every market we serve, Starbucks partners are making a positive impact in their local communities. We are excited to support them and the organizations they believe in to strengthen those communities, catalyze connections, and amplify the great work already being done,” said Michael Conway, group president, International and Channel Development&nbsp;at Starbucks and board member of The Starbucks Foundation. “We’re also proud to work with our licensed business partners through co-investment to deepen our impact with this truly global effort,” he added.

The Global Community Impact Grants program builds on other initiatives of The Starbucks Foundation including:

“Alsea Foundation is proud to join The Starbucks Foundation by listening, investing in our communities, and making a positive impact for people across the countries where Alsea operates Starbucks stores,” said Ivonne Madrid, director of Alsea Foundation. “Since 2014, we have impacted more than 15,000 lives and we look forward to expanding our partnership, together.”

About The Starbucks Foundation

The Starbucks Foundation strengthens humanity by transforming lives across the world, with a focus on enabling community resiliency and prosperity and uplifting communities affected by disaster. Established in 1997, The Starbucks Foundation is a Section 501(c)(3) charitable organization under U.S. law.&nbsp;Learn more at&nbsp;<a href="https://www.starbucks.com/responsibility/community/starbucks-foundation">sbux.co/foundation</a>.

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Grants will be awarded for causes aligned to The Starbucks Foundation’s community impact goals, including youth empowerment, inclusion & diversity, social services, hunger relief, economic opportunity, and coffee-, tea- and cocoa-growing communities.

The Starbucks Foundation Launches Global Community Impact Grants Initiative, Investing $30 Million by 2030

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Starbucks Coffee Company today shared a series of updates on programs and partnerships focused on addressing the root causes of chronic homelessness in its hometown of Seattle, Washington. Building on the company’s 50-year legacy of work to strengthen and uplift its local community, Starbucks announced nearly a half a million dollars of investments that will take place throughout 2022 to advance solutions that support those experiencing chronic homelessness in the greater Seattle region.

“In listening to our partners, customers and community members, we know that chronic homelessness is the most pressing challenge facing our hometown,” said Camille Hymes, Starbucks vice president of community impact. “Our neighbors need us – now more than ever – and we are committed to using our scale for good to drive necessary changes in our hometown, as we’ve always aimed to do.”

Over the last four years, chronic homelessness has <a href="https://21652974-25d8-4ff1-bbc0-8687c8ec1f64.filesusr.com/ugd/e29733_aa81289128314502b14a7811a485f42e.pdf" target="_blank" rel="noreferrer noopener">risen</a> at an annual rate of 42% in Seattle-King County – the second fastest in the United States. The Starbucks community investments total to nearly $500K to address this major issue, including:

Additionally, Starbucks is continuing to learn from its existing&nbsp;Outreach Worker pilot program, which is currently active in seven cities across&nbsp;the country including in Seattle in partnership with Catholic Community Services. This program, launched back in 2020, aims to support store partners in high-incident stores by connecting them to outreach workers who bring expertise in hyper-local social work and can support customers with critical needs, while decreasing non-critical reliance on law enforcement.

“Addressing chronic homelessness&nbsp;is not&nbsp;a singular problem or one that we can solve alone,” said Hymes. “It’s our role and responsibility to stay true to our mission and values to strengthen the communities we serve, and we are committed to providing immediate support while investing in areas that will catalyze systemic change.”

Since the beginning, Starbucks has been committed to strengthening its hometown, and these investments are a demonstration of Starbucks support for its partners, customers and community members in the greater Seattle area. Over the years, Starbucks has focused its community efforts on pressing issues in its hometown including supporting&nbsp;<a href="https://stories.starbucks.com/stories/2020/starbucks-and-kexp-launch-artist-video-series-for-no-child-sleeps-outside-campaign/">unsheltered families</a>&nbsp;and&nbsp;<a href="https://stories.starbucks.com/stories/2020/hot-java-cool-jazz-musicians-talent-goes-virtual-after-concert-canceled/">youth programming</a>, addressing&nbsp;<a href="https://stories.starbucks.com/stories/2020/as-food-bank-need-spikes-starbucks-and-feeding-america-fight-hunger-together/">food insecurity</a>, and supporting&nbsp;<a href="https://sbux.co/foundationcovid19response">COVID-19 response</a>&nbsp;and&nbsp;<a href="https://stories.starbucks.com/press/2021/starbucks-support-of-safe-and-equitable-vaccine-distribution/">equitable vaccine distribution</a>&nbsp;across Washington state.&nbsp;Starbucks partners are also engaged in the local community through volunteer events throughout the year and are active participants in The Starbucks Foundation’s <a href="https://stories.starbucks.com/press/2021/strengthening-communities-through-neighborhood-grants/">Neighborhood Grants program</a>, supporting more than 30 grants in the Seattle region to grassroots, community-led nonprofit organizations addressing homelessness in the past year.

Starbucks shared a series of updates on programs and partnerships focused on addressing the root causes of chronic homelessness in its hometown of Seattle, Washington.

Starbucks Expands Efforts to Support Seattle’s Chronic Homelessness Crisis

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Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended January&nbsp;2, 2022. 

For the full press release, please visit our Investor Relations site <a rel="noreferrer noopener" href="https://s22.q4cdn.com/869488222/files/doc_financials/2022/q1/Q1-FY22-Earnings-Release_2-1-22_Final.pdf" target="_blank">here</a>.

“This holiday quarter delivered strong revenue growth highlighted by incredible customer demand for Starbucks. As we enter the third year of this pandemic, our stores continue to play an important role as a community gathering place that offers safe, familiar and convenient experiences for our customers. Although demand was strong, this pandemic has not been linear, and the macro environment remains dynamic as we experienced higher-than-expected inflationary pressures, increased costs due to Omicron and a tight labor market. We remain focused on actions that drive both top and bottom-line growth, including industry-leading investments to attract, train and retain the best talent for our stores as customer occasions increase,” said Kevin Johnson, president and ceo.

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Starbucks today reported financial results for its 13-week fiscal first quarter ended January 2, 2022.

Starbucks Reports Q1 Fiscal 2022 Results

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North American Coffee Partnership - between PepsiCo and Starbucks - also expands its RTD portfolio with new coffee beverages including Starbucks® Frappuccino® coffee drink with Oatmilk

NACP furthers its leadership position in RTD coffee as the category experiences double-digit growth driven by innovation and consumer demand

Starbucks is entering the energy category for the first time with the introduction of Starbucks BAYATM Energy, a ready-to-drink (RTD) beverage that is crafted from caffeine naturally found in coffee fruit as well as antioxidant vitamin C for immune support* to give consumers a boost of feel-good energy. The beverages were&nbsp;developed through the North American Coffee Partnership (NACP), a joint venture between Starbucks and PepsiCo to create RTD coffee and energy products. Starbucks BAYA Energy is available in three delicious fruit flavors – Mango Guava, Raspberry Lime and Pineapple Passionfruit – and contains 90 calories and 160 mg of caffeine per 12 oz. can. Consumers can now find Starbucks BAYA Energy nationwide in grocery stores, national retailers, convenience stores and gas stations as well as online where groceries are sold for a suggested retail price of $2.89. Beginning March 1, customers can also find Starbucks BAYA Energy at Starbucks stores in the U.S.

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“We’re thrilled to introduce Starbucks BAYA Energy to our customers, providing them with a refreshing, fruit-flavored boost of feel-good energy, in a way only Starbucks can deliver,” said Chanda Beppu, vice president, Channel Development Americas at Starbucks. “Over the years, we’ve continued to identify new and exciting ways to expand our ready-to-drink portfolio and saw an opportunity to complement our existing coffee beverage lineup with Starbucks BAYA Energy, the brand’s first beverage to launch in the energy category.”

According to Mintel, energy drinks are on the rise as a great tasting, convenient and quick source of energy, and the consumer need for energy has only increased during the pandemic. With total energy drink sales up 9.2% in 2020, an increase of 37.4% from 2015, energy drinks are one of the strongest performing and consistent categories in the wider non-alcoholic beverage industry, largely due to consumer desire for functional ingredients.1

New Starbucks coffee beverages also available in grocery this year

Starbucks BAYA Energy joins several new Starbucks RTD beverages that will launch later this year in local grocery stores, national retailers, convenience stores and gas stations as well as online where groceries are sold.

“Starbucks has been a leader in the ready-to-drink coffee category since 1994 and we continue to focus on beverage innovation with the highest quality coffee and ingredients,” said Beppu. “This year, we’re excited to provide customers with their favorite ready-to-drink Starbucks beverages in new flavors and formats, like Starbucks Cold &amp; Crafted on Tap and the new Starbucks Frappuccino coffee drink with Oatmilk.”

Following the success of oatmilk in Starbucks stores, Starbucks is launching its first RTD products with oatmilk as the company works towards its <a href="https://stories.starbucks.com/stories/2020/plant-based-menu-innovation-at-starbucks/">commitment</a> to expand plant-based menu choices around the world as part of the company's goal to reduce carbon by 50% by 2030.

Starbucks® Multi-serve Cold Brew: Dark Chocolate Oatmilk&nbsp;

Starbucks fan-favorite multi-serve (40 fl. oz.) Cold Brew is now available with creamy oatmilk and rich dark chocolate flavors. Available this month for a suggested retail price (SRP) of $4.99.

Starbucks® Frappuccino® Coffee Drink with Oatmilk&nbsp;

Adding to Starbucks non-dairy options in grocery is Bottled Starbucks® Frappuccino®, available in two flavors – Caramel Waffle Cookie and Dark Chocolate Brownie – these beverages offer indulgent flavor with&nbsp;rich and creamy oatmilk. (SRP $3.40)

Starbucks® Cold &amp; Crafted on Tap&nbsp;

Building off the success of last year’s launch of <a href="https://stories.starbucks.com/stories/2021/revamp-your-daily-coffee-ritual-with-new-starbucks-cold-and-crafted-and-more/">Starbucks Cold &amp; Crafted</a>, a single serve (11 fl. oz) cold brew coffee beverage with no preservatives, lower sugar and less calories than other options on shelves, Starbucks is introducing the new Starbucks® Cold &amp; Crafted on Tap. Available later this year in two flavors– Black Unsweetened and Coffee with a Splash of Milk – just push the tap for a delicious stream of Starbucks Cold &amp; Crafted in your cup of choice. (SRP $15 per 72 fl. oz)

Starbucks® Nitro Cold Brew Splash of Sweet Cream&nbsp;

Joining Starbucks line-up of <a href="https://stories.starbucks.com/press/2020/starbucks-expands-ready-to-drink-portfolio/" target="_blank" rel="noreferrer noopener">canned nitro cold brew</a> later this year is a new flavor that expertly infuses cold brew coffee with nitrogen and a splash of flavored sweet cream. (SRP $3.69)

Starbucks TripleshotTM Zero Sugar Milk Chocolate&nbsp;

Coffee with a delicious, creamy chocolatey taste and zero sugar. (SRP $2.92)

Starbucks® Frappuccino® Passport Series Hazelnut Tiramisu&nbsp;

Starbucks invites customers to taste the world by expanding the globally inspired Frappuccino® Passport Series with the new Hazelnut Tiramisu flavor. (SRP $3.40) &nbsp;

Starbucks and PepsiCo established the NACP in 1994 to bring premium, high-quality RTD beverages to customers across the U.S. Over the 25+ years of the partnership the NACP has grown to more than $2.8 billion in annual retail sales. The NACP remains a leader in the RTD coffee category with almost 80 percent share.2

*Vitamin C helps contribute to the normal function of the immune system&nbsp; 1 &nbsp;&nbsp;<a href="https://store.mintel.com/report/us-energy-drinks-market-report">US Energy Drinks Market Report 2021</a> 2 IRI Scan Data, Total US MULOC, 52 weeks ending 12.26.21

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North American Coffee Partnership between PepsiCo and Starbucks expands its RTD portfolio with new coffee beverages including Starbucks Frappuccino coffee drink with Oatmilk.

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Starbucks Announces Leadership Transition

Starbucks affirms commitment to a planet positive future through innovation and learnings from store partners

Starbucks paves way for more inclusive and accessible experiences in stores around the world

The Starbucks Foundation Launches Global Community Impact Grants Initiative, Investing $30 Million by 2030

Starbucks Expands Efforts to Support Seattle’s Chronic Homelessness Crisis

Starbucks Reports Q1 Fiscal 2022 Results

New Starbucks BAYA Energy Launches in Grocery Stores Nationwide

Starbucks Broadens Efforts to Advance Racial and Social Equity on behalf of Partners and Communities

Starbucks Anticipates Busiest Day for Starbucks Card Purchases on December 23