The Board of Directors declared a cash dividend of $0.41 per share, payable on February 21, 2020, to shareholders of record as of February 6, 2020. Restructuring, impairment and optimization costs. Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 29, 2019. © 2017 Starbucks Corporation. In November, Starbucks opened its first-ever Starbucks® Pickup store in New York City's Penn Plaza. Operating income of $175.5 million in Q1 FY20 was flat compared to Q1 FY19. Starbucks is by far the largest coffeehouse chain in the world in terms of revenue, generating more than 10 times the revenue of its closest competitor, Costa Coffee, back in 2015. The results from Siren Retail operations are not reflected in comparable store sales. GAAP results in fiscal 2020 and fiscal 2019 include items which are excluded from non-GAAP results. Represents incremental stock-based compensation award for U.S. partners (employees). After submitting your information, you will receive an email. Durga Doraisamy View source version on businesswire.com: This unique location is designed for customers on-the-go and uses Starbucks Mobile Order & Pay as the primary ordering and payment method. Starbucks revenue was $26.51 b in FY, 2019 which is a 7.2% year over year increase from the previous period. Our non-GAAP financial measures of non-GAAP G&A, non-GAAP operating income, non-GAAP operating income growth, non-GAAP operating margin, non-GAAP effective tax rate and non-GAAP EPS exclude the below-listed items and their related tax impacts, as they do not contribute to a meaningful evaluation of the company's future operating performance or comparisons to the company's past operating performance. Starbucks had an ACSI score of 78 in 2020. Starbucks The Starbucks Corporation is a coffeehouse chain based in Seattle which operates more than 31 thousand stores worldwide (as of 2019). 5. Given the dynamic nature of these circumstances, the duration of business disruption, reduced customer traffic and related financial impact cannot be reasonably estimated at this time but are expected to materially affect our International segment and consolidated results for the second quarter and full year of fiscal 2020. Represents the estimated impact of the U.S. Tax Cuts and Jobs Act, specifically the transition tax on undistributed foreign earnings, estimated incremental foreign withholding taxes on expected repatriated earnings and the re-measurement of deferred taxes. You must click the link in the email to activate your subscription. The company will update its guidance for fiscal 2020 when we can reasonably estimate the impact of the coronavirus. Under its current forecast, its fiscal 2020 revenue is … View SBUX financial statements in full, including balance sheets and ratios. Annual stock financials by MarketWatch. Reggie Borges Adjustments to reconcile net earnings to net cash provided by operating activities: Income earned from equity method investees, Distributions received from equity method investees. It has a brand value of $11.7 Billion as per 2019 Interbrand ranking. Certain non-GAAP measures included in our press release were not reconciled to the comparable GAAP financial measures because the GAAP measures are not accessible on a forward-looking basis. You can sign up for additional subscriptions at any time. 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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