STARBUCKS CORP (SBUX) SEC Filing 10-K Annual report for the fiscal year ending Sunday, October 2, 2016

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Exhibit 99.1

Starbucks Reports Record Q4 and Record FY16 Results
Q4 Comparable Store Sales Up 5% in Americas, 4% in the U.S., 6% in China and 4% Globally
Q4 GAAP EPS Up 26% to a Record $0.54; Record Non-GAAP EPS of $0.56 Includes $0.06 for Extra Week
New Stores Opened in the U.S. and China in FY16 Deliver Record AUV's, ROI and Profitability
Company Issues Strong Outlook for Fiscal 2017
Board of Directors Approves 25% Increase in Quarterly Dividend to $0.25 Per Share

SEATTLE; November 3, 2016 – Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 14-week fiscal fourth quarter and 53-week fiscal year ended October 2, 2016. Fiscal 2016 and fiscal 2015 GAAP results include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

Q4 Fiscal 2016 Highlights:
U.S. comparable store sales increase of 4% was comprised of 6% increase in average ticket and 1% decrease in traffic. After adjusting for the estimated impact of order consolidation related to the new Starbucks RewardsTM loyalty program, average ticket grew 4% and traffic grew 1%.
Consolidated net revenues grew 16% to $5.7 billion
Consolidated operating income increased 27% to $1.2 billion
Consolidated operating margin expanded 180 basis points to 21.5%
GAAP EPS increased 26% to $0.54 per share and included $0.06 related to the extra week in Q4 FY16
Non-GAAP EPS of $0.56 included $0.06 related to the extra week in Q4 FY16. Excluding the extra week, non-GAAP EPS of $0.50 grew 16% over Q4 FY15 non-GAAP EPS
The company opened 690 net new stores in the quarter, bringing total stores to 25,085 in 75 countries worldwide
Mobile Order and Pay represented 6% of U.S. transactions in the quarter, up from 5% in the prior quarter

Fiscal Year 2016 Highlights:
Global comparable store sales increased 5%, comprised of a 6% increase in the Americas segment and a 3% increase in the China/Asia Pacific segment. Comparable store sales in the EMEA segment were flat.
Consolidated net revenues grew 11% to $21.3 billion
Consolidated operating income increased 16% to $4.2 billion
Consolidated operating margin expanded 80 basis points to 19.6%
Company reports record 53- and 52-week, GAAP and non-GAAP revenue, operating income and operating margin
GAAP EPS increased 4% to $1.90 per share and included $0.06 related to the extra week in Q4 FY16
Non-GAAP EPS of $1.91 included $0.06 related to the extra week in Q4 FY16. Excluding the extra week, non-GAAP EPS of $1.85 grew 17% over FY15 non-GAAP EPS
The company opened 2,042 net new stores globally in fiscal 2016, including the first Starbucks stores in Cambodia, Kazakhstan, Luxembourg, Andorra, South Africa, Slovakia, and Trinidad and Tobago


“Starbucks record Q4 and fiscal 2016 financial and operating results in the face of ongoing economic, consumer and geopolitical headwinds, and the significant investments we continue to make in our people and our business, once again demonstrate the power, relevance and resilience of the Starbucks business and brand,” said Howard Schultz, Starbucks chairman and ceo. “The trust and confidence our customers have in the Starbucks brand - and in our store partners - is propelling our business forward in markets and channels around the world as never before.”

"Starbucks Q4 of fiscal 2016 was the most profitable quarter - capping off the most profitable year - in our more than 24 years as a public company," said Scott Maw, cfo. "The strength and health of our business enables us to both fund profitable growth and return significant cash back to shareholders - a record $3.2 billion in fiscal 2016 alone."

- more -

The following information was filed by STARBUCKS CORP on Thursday, November 3, 2016 as an 8K 2.02 statement, which is a press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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  • Form Type: Annual
  • Number of times amended: 0
  • Accession Number: 0000829224-16-000083
  • Submitted to the SEC: Friday, November 18, 2016
  • Accepted by the SEC: Friday, November 18, 2016
  • Period Ending: October 2016
Companies
 

SBUX Morningstar

STARBUCKS CORP

$57.48 -0.16 (-0.28%)

Day's Range:
$57.15 to $57.71

52-Week Range:
$50.84 to $61.64

Volume:
7,806,190

Volume (Avg):
9,135,270

Earnings per Share:
$1.95

PEG / Short / PE Ratios:
1.74 / 1.36 / 29.48

Market Cap:
$83.77B

Book Value:
3.98

EBITDA:
$4.95B