Starbucks : 2023 Reinvention Update and Holiday Launch Presentations
November 02, 2023 at 06:04 pm
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Forward-Looking Statements
The following presentations contain forward-looking statements. Forward-looking statements are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements and should be considered in conjunction with cautionary statements and risk factor discussions in our filings with the SEC, including our most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. Starbucks assumes no obligation to update any of these forward-looking statements or information, which are made as of their respective dates.
Non-GAAP Financial Measures
Certain financial measures included in the following presentations are not measures of financial performance under U.S. generally accepted accounting principles ("GAAP"). Certain non-GAAP measures such as operating margin and earnings per share were not reconciled to the comparable GAAP financial measures because the GAAP measures are not accessible on a forward-looking basis. All forward-lookingnon-GAAP measures may exclude estimates for acquisitions, divestitures, restructuring, and other items, which are fluid and unpredictable in nature. The company is unable to reconcile these forward-looking non- GAAP financial measures to the most directly comparable GAAP measures with sufficient precision without unreasonable efforts because the company is currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact GAAP measures for these periods but would not impact the non-GAAP measures. The unavailable information could have a significant impact on the company's GAAP financial results. References in today's presentations are on a non-GAAP basis unless otherwise noted, or if there's no non-GAAP adjustment related to the metric.
Tiffany Willis
vice president,
head of investor relations & esg engagement
2 Year Partner
VIDEO
Heritage
Laxman Narasimhan
chief executive officer
1 Year Partner
FY23 financial results & FY24 guidance summary
Comp
Growth
Revenue
Growth
Earnings
Growth
FY23
FY24
RESULTS
GUIDANCE
8% 5-7%
12% 10-12%
20%*15-20%
Non-GAAPfigure. Please refer to "Reconciliation of Selected GAAP Measures to Non-GAAP Measures" on our IR website, Starbucks 2023 Reinvention Update and Holiday Launch, for our reconciliation of non-GAAP figures.
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Starbucks Corporation published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2023 22:02:33 UTC.
Starbucks Corporation specializes in owning and operating coffee shops. The group also develops a coffee roasting activity. Net sales break down by source of revenue as follows:
- sales within company-operated coffee shops (81.9%): as of October 1st, 2023, owned a network of 19,592 coffee shops under the Starbucks Coffee®, Teavana®, Ethos®, Starbucks Reserve® and Princi® brands;
- sales within licensed stores (12.5%): 18,446 licensed stores located primarily in the United States (6,701), Korea (1,870), Latin America (1,649) and the United Kingdom (911);
- other (5.6%): sales of coffee, beverages and food products for companies, hotels, hospitals, airlines, etc.
Net sales break down by family of products between beverages (60.3%), food (18.3%) and other (21.4%).
Net sales are distributed geographically as follows: the United States (73.4%), China (8.6%) and other (18%).
STARBUCKS CORPORATION 
