Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 29, 2019. Starbucks indicated in its FY 2020 filings that, as of September 27, 2020, it had identified 405 stores across the U.S. and Canada that will be closed as part of the company's restructuring plans. https://www.businesswire.com/news/home/20201015005760/en/, Starbucks Contact, Investor Relations: In fiscal 2021, Starbucks is projecting annual global same-store sales growth of 18% to 23%, assuming that U.S. dining rooms will be fully reopened by … If the Starbucks's fiscal year would end at Sep 27 2020, annual Revenue would be $ 23,518 millions. In 2019, Starbucks, generated a total of 26.52 billion U.S. dollars in revenue. shares outstanding - diluted, Store operating expenses as a % of company-operated store revenues, Effective tax rate including noncontrolling interests, As a % of Net revenues for the International segment grew 4% over Q1 FY19 to $1.6 billion in Q1 FY20, primarily driven by 1,380 net new store openings, or 11% store growth, over the past 12 months and 1% growth in comparable store sales, partially offset by a 5% revenue-dilutive impact of converting certain retail businesses to fully licensed markets. In addition to the fourth quarter and fiscal year 2020 results, fiscal year 2021 guidance will be provided on the conference call. Fiscal year is October-September. [email protected], Starbucks Contact, Media: The company assumes no obligation to update any of these forward-looking statements. The change will introduce new paper straws made of responsibly-sourced paper certified by the Forest Stewardship Council® and will eliminate an estimated 200 million single-use plastic straws annually from Starbucks stores in Japan. Starbucks said it lost as much as $3.2 billion in revenue during its fiscal third quarter due to the coronavirus pandemic. (1) Includes only Starbucks® company-operated stores open 13 months or longer. 2020 2019 2018 2017 2016 5-year trend; Sales/Revenue: 23,513: 26,502: 24,720: 22,384: 21,311 In Statista. Starbucks The Starbucks Corporation is a coffeehouse chain based in Seattle which operates more than 31 thousand stores worldwide (as of 2019). Transaction and integration-related costs. We remain optimistic and committed to the long-term opportunity in China, building on our brand heritage and 20-year legacy of profitable growth,” concluded Johnson. In fiscal 2021, Starbucks is projecting annual global same-store sales growth of 18% to 23%, assuming that U.S. dining rooms will be fully reopened by … (1) Includes only Starbucks® company-operated stores open 13 months or longer. Represents costs associated with our restructuring efforts, primarily severance and asset impairments related to certain company-operated store closures, as well as business process optimization costs, largely consulting fees. Reggie Borges Management excludes restructuring charges and business process optimization costs related to U.S., International and other business units. 5. Current and historical gross margin, operating margin and net profit margin for Starbucks (SBUX) over the last 10 years. Adjustments to reconcile net earnings to net cash provided by operating activities: Income earned from equity method investees, Distributions received from equity method investees. Growth in stores: It increased its number of stores from 1,886 to 31,256 between 1998 and 2019. Starbucks. These forward-looking statements are based on currently available operating, financial and competitive information and are subject to a number of significant risks and uncertainties. Starbucks gross profit for the twelve months ending September 30, 2020 was $15.823B, a 12% decline year-over-year. Contact Information and Shareholder Assistance, https://www.businesswire.com/news/home/20200128005762/en/, Global comparable store sales up 5%, driven by a 3% increase in average ticket and a 2% increase in comparable transactions, Americas comparable store sales up 6%, driven by a 3% increase in average ticket and a 2% increase in comparable transactions; U.S. comparable store sales up 6%, with comparable transactions up 3%, International comparable store sales up 1%, driven by a 2% increase in average ticket and a 1% decrease in comparable transactions; China comparable store sales up 3%, with comparable transactions up 1%, The company opened 539 net new stores in Q1, yielding 31,795 stores at the end of the quarter, a 6% increase over the prior year, Consolidated net revenues of $7.1 billion grew 7% over the prior year, Consolidated net revenues grew 9% over the prior year adjusted for unfavorable impacts of approximately 2% from Streamline-driven activities, Streamline-driven activities primarily included the conversion of certain international retail operations from company-operated to licensed models, GAAP operating margin expanded 190 basis points year-over-year to 17.2%, primarily due to sales leverage, supply chain efficiencies and lower restructuring and impairment charges, partially offset by growth in wages and benefits, as well as investments in store labor hours, Non-GAAP operating margin of 18.2% expanded 80 basis points compared to the prior year, GAAP Earnings Per Share of $0.74, up 21% over the prior year, Non-GAAP EPS of $0.79, up 5% over the prior year. 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