Q2 Comparable Store Sales Up 3% Globally, Driven by 4% Comp Growth in the U.S. and 3% Comp Growth in China

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Global Net Store Growth of 7% Versus Prior Year, Led by 17% Net Store Growth in China

Global Retail Business Surpasses 30,000 Stores

GAAP EPS of $0.53; Non-GAAP EPS of $0.60, Up 13% Year-Over-Year

Active Starbucks® Rewards Membership in the U.S. Increases 13% Year-Over-Year to 16.8 Million

SEATTLE – Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal second quarter ended March 31, 2019. GAAP results in fiscal 2019 and fiscal 2018 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.

“Starbucks delivered another quarter of solid operating results, demonstrating that our 'Growth at Scale' agenda is working,” said&nbsp;Kevin Johnson, president and ceo.&nbsp;“We are especially&nbsp;pleased with our comparable store sales growth in our two lead markets, the U.S. and China, where we are also continuing to drive strong new store development with industry-leading returns.&nbsp;With solid first-half financial results, we are on track to deliver on our full-year commitments.”

“Starbucks remains focused and disciplined in the execution of our three key strategic priorities: accelerating growth in our targeted markets of the U.S. and China, expanding the global reach of the Starbucks brand through our Global Coffee Alliance with Nestlé, and increasing shareholder returns. With our efforts to streamline the company and elevate the Starbucks brand, we are not only positioning the company to deliver more predictable and sustainable operating results but are also building Starbucks to be an enduring company that creates meaningful value for shareholders for decades to come,” concluded Johnson.

PDF: <a href="https://stories.starbucks.com/uploads/2019/04/Starbucks-Q2-FY19-Earnings-Release.pdf">Detailed financial data</a>

Q2 Fiscal 2019 Highlights

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Visit the&nbsp;<a href="https://investor.starbucks.com/ir-home/default.aspx">Investor Relations page on Starbucks.com</a>&nbsp;to access the&nbsp;<a href="https://78449.themediaframe.com/dataconf/productusers/sbux/mediaframe/26147/indexl.html">live audio webcast</a>.

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“Starbucks delivered another quarter of solid operating results, demonstrating that our 'Growth at Scale' agenda is working,” said Kevin Johnson, president and ceo.

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