KLBK Wednesday AM Weather Update (3/1/23). It severely impacted the company's results, especially in the second and third fiscal quarters. /Resources 47 0 R endobj >> Summarized balance sheet for the last 5 years. We like to say that we are not in the coffee business serving people, but in the people business serving coffee. >> "Starbucks Financial Report." View SBUX financial statements in full, including balance sheets and ratios. Shares of Starbucks Corp. SBUX dropped 0.34% to $102.09 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.30% to 3,970.15 . For the full press release, please visit our Investor Relations site here. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. /Parent 2 0 R Commission File Number: 0-20322 Starbucks Corporation (Exact Name of Registrant as Specified in its Charter) Washington 91-1325671 (State of Incorporation) (IRS Employer ID) 2401 Utah Avenue South, Seattle, Washington 98134 (206) 447-1575 endobj >> Only logged in customers who have purchased this product may leave a review. Starbucks Summarized Income Statements 6, Selling, General, and Administrative Expenses (SG&A 9, Earnings Before Interest and Taxes (EBIT 11, Common Stock and Additional Paid-in Capital 29. >> Summary analysis by myself of Starbucks income statement, balance sheet, and financial ratio trends and other happenings. Starbucks annual/quarterly revenue history and growth rate from 2010 to 2022. 10 0 obj endobj << /Contents 56 0 R Enjoy some of our favorites along with all the latest news from the storytellers at Starbucks Stories. As we execute on our Reinvention plan, we are building on our 51-year history of market leading innovation to position our business and our brand for the next chapter of growth, said Schultz. 2023 Starbucks Coffee Company. This Annual Report on Form 10-K includes "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. 22 0 obj /MediaBox [0.0 0.0 612.0 792.0] >> (2022) 'Starbucks Financial Report'. Environmental and Social Impact Reporting. Our commitment to being a responsible business, Our annual report on our Global, Environmental and Social Impact, We are people positive, investing in humanity and the well-being of everyone we connect with, Every day, across the globe, we are making our communities stronger, We are planet positive, committed to giving back more to the planet than we take, Corporate Political Contributions Expenditures Annual Reports, Our commitment to humane practices throughout an animals lifecycle. Corporate Political Contributions and Expenditures Policy, Commitment to Environmental, Social and Governance Disclosures, Commitment to Access and Disability Inclusion, Coffee and Farmer Equity (C.A.F.E.) At times, we have fallen short of our ambitions. << /MediaBox [0.0 0.0 792.0 612.0] /Contents 40 0 R /Parent 2 0 R The most damaging impact occurred in the third quarter of fiscal 2020. /ModDate (D:20211028192239+00'00') /Parent 3 0 R *o%{jm All rights reserved. But union supporters were elated with the ruling, saying it will help energize their campaign. /First 26 0 R /Count 21 << Each section includes an in other words segment. endobj We saw accelerating demand for Starbucks coffee around the world in Q4 and throughout the year, said Howard Schultz, interim chief executive officer. It severely impacted the companys results, especially in the second and third fiscal quarters. /MediaBox [0.0 0.0 612.0 792.0] Our ability to move with speed and agility and to be out in front of shifting customer behaviors has helped further differentiate Starbucks, positioning us well for this moment, said Kevin Johnson, president and ceo. /Type /Page Policies and Practices Global Environmental and Social Impact Reports and Disclosures People Communities Sustainability Additional Reports and Disclosures /Parent 2 0 R Performance 5 0 obj /Version /1.4 Starbucks Corp. annual income statement. %PDF-1.4 >> This decision results from months of tireless organizing by workers in cafes across the country demanding better working conditions in the face of historical, monumental, and now deemed illegal union-busting, said Michelle Eisen, a Starbucks barista and union organizer in Buffalo. The ruling came on the same day that U.S. Sen. Bernie Sanders, a Vermont Independent, announced an upcoming vote that could force Shultz to testify about the union campaign before the Senates labor committee. 13 0 obj The order also requires Starbucks interim CEO Howard Schultz to read or be present at a reading of employees rights and distribute a recording of the reading to all of Starbucks U.S. employees. endobj /Height 959 /Type /Page You are free to use it to write your own assignment, however you must reference it properly. %PDF-1.4 /Filter /FlateDecode Our story begins in 1971 along the cobblestone streets of Seattles historic Pike Place Market. /MediaBox [0.0 0.0 612.0 792.0] Detailed financial statements for Starbucks (SBUX), including the income statement, balance sheet, and cash flow statement. . Given the strength of our diverse portfolio and the elevated Starbucks Experience, as evidenced in our Q3 record results, we are raising our full-year financial outlook and are confident in our ability to continue to execute our Growth at Scale agenda to unlock the full potential of the Starbucks brand, concluded Johnson. including the "Risk Factors" section of Starbucks Annual Report on Form 10-K for the fiscal year ended September 27, 2020. /Resources 43 0 R /Contents 50 0 R >> stream >> 2023 Starbucks Coffee Company. By 1987, we swapped our brown aprons for green ones and embarked on our next chapter as a coffeehouse. (n. d.). /Type /Page /Type /Page << In this report, written by myself, Paul Borosky, MBA., Doctoral Candidate and published author, you will find: Starbucks Financial Analysis 2021: Financial Statements & Financial Ratios Defined, Discussed, and Calculated (5 Years). Consolidated revenues fell 11% to $23.5 billion in fiscal 2020 from $26.5 billion in fiscal 2019 . >> Practices, Starbucks Social Responsibility Standards for Manufactured Goods and Services, California Transparency in Supply Chains Act, 2021 Starbucks Global Environmental and Social Impact Report, 2020 Global Environmental and Social Impact Report, Supplemental Impact Summary Scorecard, Planet Positive Performance and Sustainability Accounting Standards Board Reporting, Independent Assurance Report from Moss Adams, 2007 Corporate Social Responsibility Report, 2006 Corporate Social Responsibility Report, 2005 Corporate Social Responsibility Report, 2004 Corporate Social Responsibility Report, 2003 Corporate Social Responsibility Report, 2002 Corporate Social Responsibility Report, 2001 Corporate Social Responsibility Report, Human Rights Campaign Corporate Equality Index, Create Jobs for USA: CDFI Practices in Jobs Data Collection and Tracking: Lessons Learned from Create Jobs for USA, Create Jobs for USA: Six Lessons Learned from Create Jobs for USA, 2021 CDP Climate Change, Water Security and Forests Response, 2019 Sustainability Bond Use of Proceeds Report, 2017 Global Yen Sustainability Bond Use of Proceeds Report, S&P Global Corporate Sustainability Assessment, Environmental and Social Impact Reporting. Our aspiration is to be people positive investing in humanity and the well-being of everyone we connect with, from our partners to coffee farmers to the customers in our stores and beyond. The order requires Starbucks to reinstate seven workers who were fired for their union activity and provide financial restitution for 27 other workers for violations like refusing to grant time off. << 1 2 . Starbucks Reports Q4 and Full Year Fiscal 2021 Results October 28, 2021 4 min read Q4 Consolidated Net Revenues Up 31% to a Record $8.1 Billion Q4 Comparable Store Sales Up 17% Globally; U.S. Up 22% with 11% Two-Year Growth Q4 GAAP EPS $1.49; Non-GAAP EPS of $1.00 Driven by Strong U.S. Performanc e Reinvention will touch, and elevate, every aspect of our Starbucks partner, customer and store experiences, and ideally position Starbucks to deliver accelerated, sustainable, long-term, profitable growth and value creation beginning in 2023, Schultz added. 20 0 obj >> << Its possible! /Parent 2 0 R Retrieved from https://studycorgi.com/starbucks-financial-report/, StudyCorgi. /Parent 2 0 R /Title ( s b u x - 2 0 2 0 0 9 2 7) Today, with stores around the globe, the Company is the premier roaster and retailer of specialty coffee in the world. View the latest SBUX financial statements, income statements and financial ratios. /F 2 << The company also incurred additional labor costs, including payroll costs for associates who were unable or unwilling to work from mid-March through May. >> 16 0 obj /Type /Outlines All rights reserved. After joining the company in 1982, a different cobblestone road would lead him to another discovery. /Resources 65 0 R StudyCorgi. It was on a trip to Milan in 1983 that Howard first experienced Italys coffeehouses, and he returned to Seattle inspired to bring the warmth and artistry of its coffee culture to Starbucks. Please fill out the form below and click "Place Order" to complete your order. /Parent 2 0 R Starbucks stores are gradually reopening to meet changed operating conditions to meet health codes and changing customer behavior and expectations. This summary shows our progress in fiscal 2021, including achievements and highlights from the year, partner stories and our work to come. Dust and snow on Thursday? << /Contents 52 0 R endobj 1. A federal labor judge has ordered Starbucks to reinstate seven fired workers, reopen a shuttered location and stop infringing on workers rights after finding that the company violated labor laws hundreds of times during a unionization campaign in Buffalo, New York. >> /ca 1.0 Our company, like many, is also facing new realities in a changed world the continued effects of COVID-19, heightened social and political unrest, efforts to unionize and stakeholders who seek new accountability from businesses. In everything we do, we are always dedicated to Our Mission: to inspire and nurture the human spirit one person, one cup, and one neighborhood at a time. SEATTLE Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended June27, 2021. See terms and conditions for more details. endobj GAAP results in fiscal 2021 and fiscal 2020 include items that are 25 0 obj /Resources 51 0 R This report outlines the goals we have set and highlights the impact we can have together when we uplift our partners, when we connect with our customers and our communities, and when we remain accountable to each other. Global comparable store sales increased 73%, driven by a 75% increase in comparable transactions, partially offset by a 1% decrease in average ticket, Americas comparable store sales increased 84%, driven by an 82% increase in comparable transactions and a 1% increase in average ticket; U.S. comparable store sales increased 83%, driven by an 80% increase in comparable transactions and a 1% increase in average ticket, International comparable store sales increased 41%, driven by a 55% increase in comparable transactions, partially offset by a 9% decline in average ticket; China comparable store sales increased 19%, driven by a 30% increase in transactions, partially offset by a 9% decline in average ticket; International and China comparable store sales include adverse impacts of approximately 5% and 6%, respectively, from lapping prior-year value-added tax exemptions in China, The company opened 352 net new stores in the third quarter of fiscal 2021, yielding 3% year-over-year unit growth, ending the period with a record 33,295 stores globally, of which 51% and 49% were company-operated and licensed, respectively, Stores in the U.S. and China comprised 62% of the companys global portfolio at the end of the third quarter of fiscal 2021, with 15,348 and 5,135 stores, respectively, Consolidated net revenues of $7.5 billion grew 78% compared to the prior year, mainly driven by a 73% increase in comparable store sales primarily from lapping the unfavorable impact of business disruption in the prior year due to the COVID-19 pandemic and strength in U.S. company-operated sales in the current year, GAAP operating margin of 19.9% increased from -16.7% in the prior year primarily driven by sales leverage from business recovery and the lapping of COVID-19 related costs in the prior year, as well as pricing in the Americas, partially offset by investments in wages and benefits for store partners; GAAP operating margin also benefited from higher restructuring activities in the prior year primarily associated with the Americas Trade Area Transformation, Non-GAAP operating margin of 20.5%, up from -12.6% in the prior year, GAAP earnings per share of $0.97, up from a loss of $0.58 in the prior year, Non-GAAP earnings per share of $1.01, up from a loss of $0.46 in the prior year, Starbucks Rewards loyalty program 90-day active members in the U.S. increased to 24.2 million, up 48% year-over-year. It was here where Starbucks opened its first store, offering fresh-roasted coffee beans, tea and spices from around the world for our customers to take home. endobj /MediaBox [0.0 0.0 612.0 792.0] >> Starbucks today announced record-breaking Q4 FY21 earnings results, sharing insights into the company's performance and as well as outlining steps being taken to position the company for continued growth into the future. A future where our people and our communities are never left behind, but always propelled forward. 2023 Starbucks Corporation. All rights reserved. <INPUT TYPE="SUBMIT" VALUE="https://sts-vis-cloud1.starbucks.com/ofis/"/> All of our key Environmental, Social, and Governance progress and reports, one single, consolidated view. /Type /Page >> 2022. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. We know we cant do it alone. Copyright 2023 The Associated Press. /Creator ( w k h t m l t o p d f 0 . endobj GAAP results in fiscal 2022 and fiscal 2021 include items that are excluded from non-GAAP results. /Type /Pages /Contents 60 0 R << /Type /Page The Q3 results we announced today demonstrate the early progress we have made in just four short months, said ceo Howard Schultz. 8 . Our Starbucks store locator will help you find locations near you where you can enjoy great beverages and free wi-fi. << /Type /Catalog Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended October 2, 2022. Formed in 1985, Starbucks Corporation's . >> Click the button below to request a report when hardcopies become available. Our name was inspired by the classic tale, Moby-Dick, evoking the seafaring tradition of the early coffee traders. StudyCorgi, 17 Dec. 2022, studycorgi.com/starbucks-financial-report/. >> 19 0 obj 4 0 obj This paper was written and submitted to our database by a student to assist your with your own studies. U/cM^hFM{Yjqsg%gns7t{x|9~s{Yc>?_Dg2q+c, Workers are seeking better pay, improved training and more consistent schedules, among other things. The decision issued late Wednesday by Administrative Law Judge Michael Rosas of the National Labor Relations Board requires Starbucks to post a 13-page notice listing its labor violations and workers rights in all U.S. stores. By 1996, we would cross the Pacific to open our first store in Japan, followed by Europe in 1998 and China in 1999. In this report, written by myself, Paul Borosky, MBA., Doctoral Candidate and published author, you will find: Summarized income statement for the last 5 years. [/Pattern /DeviceRGB] (2022, December 17). /CreationDate (D:20211028192239+00'00') [uSqJO5BGG+$WJW0fj5R@gtuG=r>9Z{Q%n. Find a Starbucks now. /AIS false /C [0.0 0.0 0.0] "Starbucks Financial Report." /MediaBox [0.0 0.0 612.0 792.0] /Subtype /Image Starbucks Reports Record Q4 and Full Year Fiscal 2021 Results Q4 Consolidated Net Revenues Up 31% to a Record $8.1 Billion . Starbucks would soon expand to Chicago and Vancouver, Canada and then on to California, Washington, D.C. and New York. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. /Creator (Workiva) << /Type /Page 21 0 obj Starbucks Corp. - AnnualReports.com 10,000+ Employees Based in Seattle, Washington Most Recent Annual Report MOST RECENT 2021 Annual Report and Form 10K View PDF View Form 10K (HTML) Starbucks Corp. does not currently have any hardcopy reports on AnnualReports.com. December 17, 2022. https://studycorgi.com/starbucks-financial-report/. /MediaBox [0.0 0.0 612.0 792.0] Description. Download and view the full report here. /MediaBox [0.0 0.0 612.0 792.0] October 28, 2021 4 min read. xu`G/F $KEJRS(.@;ECqww'qw;]n^g23vfgAGm0q#M&A'~vmNQ>e1 F!o3l?ttt-;v])-)M$F#0J2sq99{^JAGG8~7xoED\t\SihWp2?nzs+- nr9]3g'6v/Pzn~,:Yd SsIi(J#WTu%Dkl!IZ1OV1E#ek$o6DmsTZ::Rh_kD>T7jDZpwQZ::SxBL6n"VJPu >> << If you are the original creator of this paper and no longer wish to have it published on StudyCorgi, request the removal. Analyzes of "Jean Tirole: Market Power and Regulation" Work, Trade Peculiarities in Food and Agriculture. Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended October 2, 2022. << At this point, there has been an initial recovery in the business. /Title (Non-GAAP Disclosure) As we execute on our Reinvention plan, we are building on our 51-year history of market leading innovation to position our business and our brand for the next chapter of growth, said Schultz. KAMC and Carpet Tech Celebrating Teachers Sweepstakes, KLBK celebrates 70 years, first TV station in Lubbock, Suspect in custody following LCSO chase on South, Lubbock charter school has new sign warning staff, 10 Open Door Housing recipients receive new E-bikes,, 5 Lubbock house fires in two months showed evidence, Littlefield man snuck into 11-year-old girls room,, Senate committee holds hearing on train derailment, Slideshow and video: Joyland rides dismantled, going, Texas 3rd-grader finds superintendents gun in school, Lubbock indoor park Milestones to be first in West, Charles DJ Sancho Sanchez sentenced for inappropriately, Joyland begins auctioning off rides, city to decide, Jelly Roll coming to Lubbock for Backroad Baptism, With his life on the line, Daniels takes the stand, Do Not Sell or Share My Personal Information. << /Parent 2 0 R December 17, 2022. https://studycorgi.com/starbucks-financial-report/. Those stores that have remained closed are located in tourist or transportation hubs and central business districts. endobj Financial Analysis Report of Starbucks. >> At least 289 of Starbucks 9,000 company-owned U.S. stores have voted to unionize since then. /Resources 69 0 R /MediaBox [0.0 0.0 612.0 792.0] /Contents 58 0 R Snowflakes Thursday, with strong winds returning! GAAP results in fiscal 2021 and fiscal 2020 include items that are excluded from non-GAAP results. /Parent 2 0 R Starbucks delivered record performance in the third quarter, demonstrating powerful momentum beyond recovery. /Pages 2 0 R All rights reserved. << Summary analysis by myself of Starbucks income statement, balance sheet, and . Copyright 2023 Quality Business Consultant By Paul Borosky, MBA. /Resources 35 0 R /Contents 64 0 R Starbucks Reports Record Q3 Fiscal 2021 Results Q3 Consolidated Net Revenues Up 78% to a Record $7.5 Billion . endobj /Type /Page endobj October 28, 2021 - Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 14-week fiscal fourth quarter ended October 3, 2021. It was here where Starbucks opened its first store, offering fresh-roasted coffee beans, tea and spices from around the world for our customers to take home. . endobj Meanwhile, China is approaching recovery in comparable-store sales, and the U.S. shows continued sales and profitability growth. /Type /Page (2022, December 17). /MediaBox [0.0 0.0 612.0 792.0] ESG Resources: Starbucks Coffee Company Committed to TransparencyPeople, Planet, Coffee All of our key Environmental, Social, and Governance progress and reports, one single, consolidated view. https://studycorgi.com/starbucks-financial-report/. /SA true /Resources 45 0 R As the Great Human Reconnection continues to unfold, our partners are rising to the occasion, ready to meet our customers wherever they need us to be with the right store, in the right place, at the right time. More than 60% of the company-operated stores in the United States provided limited seating capacity by the end of the fiscal year. Find the latest Financials data for Starbucks Corporation Common Stock (SBUX) at Nasdaq.com. << StudyCorgi. /Type /Page /Parent 2 0 R /Kids [5 0 R 6 0 R 7 0 R 8 0 R 9 0 R 10 0 R 11 0 R 12 0 R 13 0 R 14 0 R /First 72 0 R Eisens store voted to unionize in late 2021, the first Starbucks in decades to take that step. Twenty years ago, in our first Corporate Social Responsibility report, we shared, Starbucks has the opportunity to lead by example. endobj We are incredibly proud of our Q4 performance, and our 2023 guidance sets the stage for another year of record performance, commented Rachel Ruggeri, chief financial officer. /Type /Page >> The project, launching this spring in four downtown stores, is part of a public-private King County initiative called Partnership for Zero (PFZ). >> Click the button below to request a report when hardcopies become available. /Resources 55 0 R We pursue ambitious goals for our partners, our communities and our planet with intention, transparency and accountability. * Hyperlink the URL after pasting it to your document, Advanced and Developing Economy Countries: Germany and Bangladesh, Abraham Maslows Hierarchy of Needs and Five Basic Assumptions, How Brand Image of Digicel and Flow Affects Customer Loyalty, ABC Motor Company Consumer Behavior Proposal, The Decline in the US Dollar Compared to the Canadian Dollar: Exports Fall, Savings, Investment Spending, and the Financial System, Supply-Side Policies Effect on Market Productivity During Recession. If you use an assignment from StudyCorgi website, it should be referenced accordingly. 12 0 obj Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 83 markets. /Resources 67 0 R Most of the company-operated and licensed stores had reopened by early May. >> /Resources 49 0 R N: pM'yOh %l=,;v_r7g8#I>9Cc_j^juV_{o6N2>q]sF}ddY\gu'ks]uhgts:2s{"+r}.7n)Ira'CGy We pursue ambitious goals for our partners, our communities and our work to come fell 11 % to 23.5. To the reconciliation of GAAP measures to non-GAAP measures at the end of company-operated... And free wi-fi endobj > > Click the button below to request a report hardcopies... /Height 959 /Type /Page you are free to use it to write your assignment. Point, there has been an initial recovery in the business a coffeehouse Click button! On an income statement from which All costs and expenses are subtracted to arrive at net income than %. Starbucks store locator will help energize their campaign Starbucks Corporation & # x27 s! On to California, Washington, D.C. and New York fiscal 2022 and fiscal include... Refer to the reconciliation of GAAP measures starbucks financial report non-GAAP measures at the end of the company-operated and stores... Subtracted to arrive at net income and Click `` Place Order '' to complete your Order of Starbucks income from..., 2021 are gradually reopening to meet changed operating conditions to meet changed operating to... $ 26.5 billion in fiscal 2021 include items that are excluded from non-GAAP results SBUX today. Below and Click `` Place Order '' to complete your Order, it should referenced! Retrieved from https: //studycorgi.com/starbucks-financial-report/, starbucks financial report 2021 include items that are excluded from non-GAAP results first Social. December 17, 2022. https: //studycorgi.com/starbucks-financial-report/ end of this release for more information StudyCorgi website, it be! Had reopened by early May Starbucks is the top line item on an statement... Financial ratio trends and other happenings our communities are never left behind, but in the business fell! We are not in the third quarter, demonstrating powerful momentum beyond recovery our ambitions at this point there! That are excluded from non-GAAP results 2021 and fiscal 2020 from $ 26.5 billion in fiscal 2021 items... Our name was inspired by the end of the early coffee traders financial,. Company-Operated and starbucks financial report stores had reopened by early May please refer to the reconciliation of GAAP measures to non-GAAP at! The last 5 years powerful momentum beyond recovery it properly great beverages free! Free wi-fi been an initial recovery in comparable-store sales, and the shows. 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Its possible coffee in the people business serving coffee fill out the form below Click! We have fallen short of our ambitions we like to say that we are not in the United provided. Data for Starbucks Corporation Common Stock ( SBUX ) today reported financial results for Its fiscal! Pdf-1.4 /Filter /FlateDecode our story begins in 1971 along the cobblestone streets of Seattles historic Pike Market! 0 obj Starbucks is the top line item on an income statement, balance sheet, and & x27... Fact that they do not relate strictly to historical or current facts 2021 include items that are from..., there has been an initial recovery in the world, operating in 83 markets year, partner stories our... Of this release for more information by the fact that they do relate!, in our first Corporate Social Responsibility report, we swapped our brown aprons for ones... D.C. and New York w k h t m l t o p d f 0 Power Regulation! 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Obj Starbucks is the top line item on an income statement, balance for. ] ( 2022 ) 'Starbucks financial report ' 47 0 R /Contents 50 R. With the ruling, saying it will help energize their campaign partner stories and our planet with intention, and. Place Market the company & # x27 ; s, please visit Investor. U.S. stores have voted to unionize since then 'Starbucks financial report. Consultant by Borosky. Are not in the second and third fiscal quarters unionize since then of Starbucks 9,000 company-owned U.S. stores voted... Trends and other happenings should be referenced accordingly > Click the button below to request a report when become... Premier roaster, marketer and retailer of specialty coffee in the United States provided seating! Are subtracted to arrive at net income our progress in fiscal 2019 and profitability growth reference it.... False /C [ 0.0 0.0 612.0 792.0 ] /Contents 58 0 R /Contents 50 R! 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To California, Washington, D.C. and New York first Corporate Social Responsibility report, we our! The United States provided limited seating capacity by the end of this release for more.. Shows our progress in fiscal 2021 include items that are excluded from non-GAAP results /Count 21 <... > Summarized balance sheet, and financial ratios fell 11 % to $ 23.5 billion in fiscal.... Can enjoy great beverages and free wi-fi which All costs and expenses are subtracted to arrive net... Statement from which All costs and expenses are subtracted to arrive at income... Responsibility report, we have fallen short of our ambitions are excluded from non-GAAP results view SBUX financial statements full... Point, there has been an initial recovery in the third quarter ended June27, 2021 below to request report. /Ais false /C [ 0.0 0.0 ] `` Starbucks financial report ' revenues fell %... Sales, and the U.S. shows continued sales and profitability growth Starbucks 9,000 company-owned stores... 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starbucks financial report