Starbucks Newsroom

Starbucks Exceeds Goals with More Than 100 Million Starbucks® K-Cup® Packs Shipped

Thu, 26 Jan 2012 21:00:00 EST

SEATTLE, January 26, 2012 - At the end of 2011, just two months after the launch, Starbucks Coffee Company (NASDAQ:SBUX) shipped more than 100 million K-Cup® packs and achieved a weighted All Commodity Volume (ACV) distribution across all channels of approximately 71 percent.*

“Thus far, we’ve reached 11 percent dollar share in the premium single cup segment with Starbucks® Coffee K-Cup® Packs,” said Jeff Hansberry, president, Channel Development for Starbucks.** “Our focus with the initial launch has been on Keurig® Single Cup Brewer owners. Our next big opportunity will be to attract new customers to the category. We are confident the combination of the Starbucks Experience with the quality and value of Starbucks® Coffee K-Cup® Packs will ultimately make this a billion-dollar business over time.”

Little Big Show Benefit Concert Series to Rock Seattle Non-Profit Arts Organizations

Thu, 26 Jan 2012 16:00:00 EST

SEATTLE, January 26, 2012 - Today Starbucks, KEXP and Seattle Theatre Group (STG) launch the Little Big Show, a new quarterly benefit concert series that helps Pacific Northwest citizens make a difference in the community as music fans. The face value of tickets (excluding possible fees and/or service charges) will be donated to local non-profit organizations in support of arts-based programming.

 

Starbucks Reports Record First Quarter Fiscal 2012 Results

Thu, 26 Jan 2012 13:00:00 EST

SEATTLE, January 26, 2012 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal first quarter ended January 1, 2012. Results are presented under the new reporting segments, which were effective with the beginning of fiscal 2012.

Fiscal First Quarter 2012 Highlights:

Total net revenues increased 16% to a record $3.4 billion

Global comparable store sales increased 9%, driven by a 7% increase in traffic and a 2% increase in average ticket

Starbucks opened 241 net new stores globally, reaching 500 stores in both mainland China and Latin America

CPG revenue increased 72%, driven by the launch of Starbucks- and Tazo-branded K-Cup® packs and the impact of the Q2 FY11 transition of packaged coffee and tea to the direct distribution model
- Over 100 million Starbucks- and Tazo-branded K-Cup® packs shipped in Q1 following the November 1^st launch

EPS increased 11% to a record $0.50 per share, compared to $0.45 per share in Q1 FY11

Starbucks to Extend Evening Day-Part Concept

Mon, 23 Jan 2012 10:00:00 EST

SEATTLE, January 23, 2012 - Responding to customer feedback for more options to relax in its stores in the evenings, Starbucks Coffee Company (NASDAQ:SBUX) today announced plans to bring wine, beer and premium food offerings to a handful of locations in Atlanta and Southern California by the end of this year. These stores, along with several others recently announced for the Chicago area, will be the first extensions of the evening day-part concept outside of the Pacific Northwest.

“Building an evening day-part is a natural progression for us as we are always looking for ways to evolve and enhance the Starbucks Experience based on what our customers are telling us,” said Clarice Turner, senior vice president, U.S. Operations. “We’re pleased with the response of our customers to the introduction of wine, beer and premium food at several of our stores in the Pacific Northwest, and we’re excited to see how the idea translates to other markets.”

 

Starbucks to Host Conference Call to Review Segment Reporting Changes

Thu, 12 Jan 2012 06:00:00 EST

SEATTLE, January 12, 2012 - Starbucks Corporation (NASDAQ:SBUX) will host a 30-minute conference call led by CFO Troy Alstead on Friday, January 13, 2012, at 10:00 a.m. PT to provide a brief overview of Starbucks new reporting segments. The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com. A replay of the webcast will be available on the company’s website until Friday, Feb 10, 2012.

The company filed an 8-K earlier today with its three-year historical financial results under the new reporting segments, which can also be found on the company’s website along with additional supplemental information.

 

Autogrill and Starbucks Coffee extend partnership in Europe

Wed, 11 Jan 2012 00:00:00 EST

Milan/Seattle, January 2012 – Autogrill Group (Milan: AGL IM) and Starbucks Coffee Company (Nasdaq: SBUX), which started their co-operation in the United States in 1991, have extended their global partnership to develop new business in Europe.

Autogrill will start operating Starbucks stores at its select points of sale in France this year. The first stores will be located in Paris, in high-speed railway stations, a channel of strategic importance.   Later this year, two stores will open in Marseille Airport in Halls 1 and 4.

In the Netherlands, in the coming months, Autogrill will also introduce the Starbucks brand on motorways with the first openings in AC sites in De Meern and Meerkerk.

Autogrill currently operates around 370 Starbucks (352 in North America and 15 in Europe) with operations that generated revenues of more than US$450 million (over €340 million)2 in 2010.

 

Starbucks Appoints Clara Shih to Board of Directors

Wed, 14 Dec 2011 13:00:00 EST

SEATTLE, December 14, 2011 - Starbucks Corporation (Nasdaq:SBUX) announced today that Clara Shih, Chief Executive Officer of Hearsay Social, provider of one of the leading enterprise social media platforms, was elected to the Starbucks Board of Directors on December 14. Shih will serve on the Board’s Nominating and Corporate Governance committee.

 

Starbucks General Counsel and Secretary Announces Retirement

Wed, 07 Dec 2011 13:00:00 EST

SEATTLE, December 07, 2011 - Starbucks Coffee Company (NASDAQ:SBUX) today announced that Paula Boggs will retire as general counsel and secretary on April 2, 2012.

In June Boggs will join President Obama’s reelection campaign. Based in Seattle and Santa Fe, she will be volunteering as an advocate for the campaign in communities across the country. In 2010 Boggs was appointed by President Obama to the White House Council for Community Solutions whose work is focused on identifying, highlighting and enabling innovative community solutions to youth unemployment.

 

Make a Difference This World AIDS Day With Your Beverage Purchase at Starbucks

Thu, 01 Dec 2011 00:00:00 EST

Starbucks to Create 5,000 Jobs in the U.K.

Wed, 30 Nov 2011 22:00:00 EST

LONDON, November 30, 2011 - Starbucks Coffee U.K. (Nasdaq: SBUX) announced today its intent to create thousands of new jobs as it significantly steps up its drive-thru program following three years of development and strong customer response to the convenience of Starbucks coffee on-the-go.

The move will see 200 new drive-thru stores opened over the next five years and will establish Starbucks as the market leader in this area. Combined with openings of conventional stores over the same period, the company expects to create 5,000 new jobs.

The growth reflects the continuing trend for better coffee in the U.K., which means that customers now want the best coffee wherever they are, rather than just as a High Street treat.

 

Create Jobs for USA Fund Surpasses $1 Million in Donations since Nov. 1 Launch

Mon, 14 Nov 2011 05:00:00 EST

SEATTLE & PHILADELPHIA, November 14, 2011 - Starbucks Coffee Company (NASDAQ: SBUX) and Opportunity Finance Network (OFN) announced today that the Create Jobs for USA Fund has surpassed $1 million in donations within the first two weeks of the program’s November 1^st launch.

To date, $6 million has been contributed to the Create Jobs for USA Fund, which includes a $5 million donation from the Starbucks Foundation to seed this initiative. Every $5 donation can lead to approximately $35 in loans to small businesses, with community lenders issuing $30 in financing, on average, for each $5 donation through their respective financing sources. As a result, the more than $6 million in donations to date may create as much as $42 million in small business loans.

 

Starbucks Acquires Evolution Fresh to Establish National Retail and Grocery Health and Wellness Brand

Thu, 10 Nov 2011 09:00:00 EST

Listen to the November 10, 2011 conference call

SEATTLE, November 10, 2011 - As part of its commitment to evolve and enhance the Customer Experience with innovative and wholesome products, Starbucks Coffee Company (NASDAQ:SBUX) today announced the acquisition of Evolution Fresh, Inc. Starbucks has seen success with expanded healthier menu items to deliver the nutritious, on-the-go options consumers are seeking. With this acquisition, Starbucks will reinvent the $1.6 billion super-premium juice segment, its significant next step in entering the larger $50 billion Health and Wellness sector.

 

Starbucks Reports Record Fourth Quarter and Record Fiscal 2011 Results

Thu, 03 Nov 2011 13:00:00 EST

SEATTLE, November 03, 2011 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended October 2, 2011. These results include the impact of non-routine gains related to the sale of corporate real estate and the acquisition of the company’s joint venture operations in Switzerland and Austria. The comparable prior-year periods included 14 and 53 weeks, respectively, as fiscal 2010 contained an extra week. In addition, fiscal 2010 results also included the impact of restructuring charges. A reconciliation of select GAAP measures to non-GAAP measures is available at the end of this document.

Fiscal Fourth Quarter 2011 Highlights:

EPS increased 27% to $0.47 in Q4 FY11, including $0.10 attributable to non-routine gains, compared to $0.37 per share in Q4 FY10, which included approximately $0.05 related to the extra week
- EPS increased 16% to a record $0.37 from $0.32 per share, excluding the non-routine gains in Q4 FY11, and the impact of restructuring and the extra week in Q4 FY10

Total net revenues reached a record $3.0 billion, an increase of 7% from the 14-week period in FY10, and an increase of approximately 15% on a comparative 13-week basis

Global comparable store sales increased 9% on a comparative 13-week basis, driven by a 6% increase in traffic and a 3% increase in average ticket

Consolidated operating margin reached 14.8%, up 70 basis points over the prior-year period’s GAAP results
- Operating margin expanded 60 basis points to 13.8% from 13.2% on a non-GAAP basis, which excludes the non-routine gain in Q4 FY11 and the impact of restructuring and the extra week in Q4 FY10

The Board of Directors declared a cash dividend of $0.17 per share, a 31% increase from $0.13 per share

The Board also authorized the repurchase of up to an additional 20 million shares of the company’s common stock

Create Jobs for USA Program Launches in U.S. Starbucks Stores and Online

Tue, 01 Nov 2011 05:30:00 EST

SEATTLE, November 01, 2011 - Starting today, Starbucks Coffee Company (NASDAQ: SBUX) with the Opportunity Finance Network® (OFN) is accepting donations for the Create Jobs for USA Fund online at www.CreateJobsforUSA.org and in every U.S. company-operated store. Donations to the Fund, which has been seeded with a $5 million contribution from the Starbucks Foundation, will help create and sustain jobs in underserved communities throughout the U.S.

 

Starbucks Announces Q4 and Fiscal Year End 2011 Results Conference Call

Thu, 20 Oct 2011 00:00:00 EST

SEATTLE; October 20, 2011 – Starbucks Corporation (NASDAQ: SBUX) plans to release its fourth quarter and fiscal year end 2011 financial results after the market close on Thursday, November 3, 2011, with a conference call and webcast to follow at 2:00 p.m. PT. The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com.  A replay of the webcast will be available on the company’s website until Friday, December 2, 2011.

 

Starbucks Aims Innovation at Multi-Billion Dollar Global Coffee Market

Tue, 18 Oct 2011 00:00:00 EST

SEATTLE, October 18, 2011 - In a five-city press conference today, Starbucks Coffee Company (NASDAQ:SBUX) announced the introduction of Starbucks® Blonde Roast, a completely new roast profile for Starbucks that builds on its 40-year heritage of sourcing and roasting the world’s finest coffee.

 

Steve Jobs (1955-2011) - Statement from Starbucks ceo Howard Schultz

Wed, 05 Oct 2011 00:00:00 EST

Seattle, Wash. – Oct. 5, 2011 – Statement from Starbucks ceo Howard Schultz:

"It's a sad day for America - a man who embodied innovation and our entrepreneurial spirit like no-one else has passed and will be greatly missed."

Starbucks Announces Store Partnership Model with Community Organizations in Harlem and Los Angeles

Tue, 04 Oct 2011 04:00:00 EST

SEATTLE, October 04, 2011 - As part of the company’s commitment to the communities where it does business, Starbucks Coffee Company (NASDAQ: SBUX) today announced that it will introduce a new community model in the neighborhoods of Harlem, New York and Crenshaw, Los Angeles-- where community organizations will share in the profits of a store in each community. Starbucks will donate a minimum of $100,000 to each organization for the first year of the partnership as it assesses the success of the program and gathers learning in hopes of creating a new type of corporate engagement in communities, potentially providing a model for other companies to consider emulating.

Starbucks is partnering with the Abyssinian Development Corporation (ADC) in Harlem and the Los Angeles Urban League (LAUL) in the Crenshaw neighborhood to create a new kind of private sector engagement with these changemaker organizations that have a proven record in creating progress for disadvantaged communities.

 

Starbucks Announces “Create Jobs for USA” Initiative in Collaboration with Opportunity Finance Network

Mon, 03 Oct 2011 04:00:00 EST

SEATTLE, October 03, 2011 - Starbucks Coffee Company (NASDAQ:SBUX) today announced that it is teaming up with Opportunity Finance Network® (OFN) to launch Create Jobs for USA. Create Jobs for USA will pool donations from Starbucks customers, partners (employees) and concerned citizens into a nationwide fund for community business lending.

Starbucks chairman and ceo Howard Schultz said, "Small businesses are the backbone of America, employing more than half of all private sector workers - but this critical jobs engine has stalled. We've got to thaw the channels of credit so that community businesses can start hiring again. Create Jobs for USA empowers Americans to help other Americans create and sustain jobs with Starbucks and OFN as a catalyst and the Indivisible wristband as a symbol of our country's unity."

New Starbucks Card Features Braille Lettering, Extends the Starbucks Experience

Tue, 27 Sep 2011 00:00:00 EST

Extending the Starbucks Experience to our customers, recognizing and responding to their unique preferences and needs, Starbucks introduces a card featuring the word “Starbucks” in Braille. The Card is now available in participating Starbucks stores in the U.S. and Canada for a limited time and online at StarbucksStore.com while supplies last.

Starbucks has taken a number of steps to make stores more accessible and welcoming to customers. From store design to retail training to world-class customer service, Starbucks seek to provide partners (employees), customers and the communities with the best possible Starbucks Experience. In the U.S., large print Braille menus have been available upon request at participating stores since 2008.

 

Starbucks Convenes Global Leaders to Advance Recycling Initiatives

Fri, 09 Sep 2011 06:00:00 EST

SEATTLE, September 09, 2011 - As part of Starbucks Coffee Company’s (NASDAQ: SBUX) goal to ensure 100 percent of its cups are reusable or recyclable by 2015, it will host its third cup summit today at the Massachusetts Institute of Technology (MIT). In addition to convening more than 100 industry leaders – including competitors – to discuss cross-industry standards and solutions for the recyclability of food packaging and serveware in the U.S. and Canada, Starbucks will host a public webinar at 12:00 p.m. ET (live) with expert representatives from MIT, Tim Horton’s, Georgia-Pacific and Action Carting Environmental Services.

“Over the past three years, we’ve learned that success has been a combination of forward-thinking partnerships along with innovative approaches to widespread challenges,” said Jim Hanna, Starbucks director of environmental impact. “By collaborating with key industry leaders – even competitors – we are better able to reduce the global impact of packaging throughout the industry.”

 

Starbucks Voted Best Coffee by Zagat for Third Year in a Row

Tue, 06 Sep 2011 10:15:00 EST

SEATTLE, September 06, 2011 - Starbucks Coffee Company (NASDAQ:SBUX) has been voted as No. 1 Best Coffee among Fast Food and Quick Refreshment chains and the No. 1 Most Popular Quick Refreshment Chain in Zagat’s 2011 Survey of National Chain Restaurants released today. More than 6,000 surveyors participated in Zagat’s online survey, and this is the third year surveyors have awarded Starbucks the top honor.

 

Starbucks Reports Record Third Quarter 2011 Results

Thu, 28 Jul 2011 13:00:00 EST

SEATTLE, July 28, 2011 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its fiscal third quarter ended July 3, 2011 and introduced FY12 targets.

Fiscal Third Quarter 2011 Highlights:

Total net revenues increased 12% to $2.9 billion

Global comparable store sales increased 8%, driven by a 6% increase in traffic and a 2% increase in average ticket

Consolidated operating margin was 13.7%, up 120 basis points over prior-year period’s GAAP results and 40 basis points over prior-year period’s non-GAAP results
- U.S. operating margin improved 300 basis points to 18.8% on a GAAP basis and 210 basis points over the prior-year period’s non-GAAP results
- International operating margin improved 200 basis points to 12.2% on a GAAP basis and 140 basis points over the prior-year period’s non-GAAP results

Global CPG operating income increased to $66.0 million, up 20% over prior-year period

EPS increased 33% to $0.36 in Q3 FY11 compared to $0.27 in Q3 FY10

The Board of Directors declared a $0.13 per share cash dividend to shareholders of record as of August 10, 2011, which will be paid on August 26, 2011

Starbucks Announces Q3 Fiscal Year 2011 Results Conference Call

Thu, 14 Jul 2011 00:00:00 EST

SEATTLE; July 14, 2011 – Starbucks Corporation (NASDAQ: SBUX) plans to release its third quarter fiscal year 2011 financial results after the market close on Thursday, July 28, 2011, with a conference call and webcast to follow at 2:00 p.m. PT. The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com.  A replay of the webcast will be available on the company’s website until Friday, August 26, 2011.

 

Starbucks Announces New Leadership Structure to Accelerate Global Growth

Mon, 11 Jul 2011 13:00:00 EST

SEATTLE, July 11, 2011 - Building on its global momentum, Starbucks Coffee Company (NASDAQ:SBUX) today announced a new corporate structure to accelerate its growth strategy, which will take effect by the end of September.

“Our company performance over the past two years has positioned Starbucks for the significant international opportunities ahead and the acceleration of our global growth strategy,” said Howard Schultz, chairman, president and chief executive officer, Starbucks Coffee Company. “Today we are successfully executing our multi-brand, multi-channel strategy and we believe the leadership and organizational moves announced today will optimize our speed and focus going forward.”

 