The following selected financial data is derived from the consolidated financial statements. All per-share data has been retroactively adjusted to give effect to the two-for-one stock split discussed in Note 1, Summary of Significant Accounting Policies, included in Item 8 of Part II of this 10-K. The data below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Risk Factors,” and the consolidated financial statements and notes.
Financial Information (in millions, except per share data):
As of and for the Fiscal Year Ended (1)
Oct 1, 2017 (52 Wks)
Oct 2, 2016 (53 Wks)
Sep 27, 2015 (52 Wks)
Sep 28, 2014 (52 Wks)
Sep 29, 2013 (52 Wks)
Results of Operations
Net revenues:
Company-operated stores
$
17,650.7
$
16,844.1
$
15,197.3
$
12,977.9
$
11,793.2
Licensed stores
2,355.0
2,154.2
1,861.9
1,588.6
1,360.5
CPG, foodservice and other
2,381.1
2,317.6
2,103.5
1,881.3
1,713.1
Total net revenues
$
22,386.8
$
21,315.9
$
19,162.7
$
16,447.8
$
14,866.8
Operating income/(loss)(2)
$
4,134.7
$
4,171.9
$
3,601.0
$
3,081.1
$
(325.4
)
Net earnings including noncontrolling interests(2)
2,884.9
2,818.9
2,759.3
2,067.7
8.8
Net earnings/(loss) attributable to noncontrolling interests
0.2
1.2
1.9
(0.4
)
0.5
Net earnings attributable to Starbucks(2)
2,884.7
2,817.7
2,757.4
2,068.1
8.3
EPS — diluted(2)
1.97
1.90
1.82
1.35
0.01
Cash dividends declared per share
1.050
0.850
0.680
0.550
0.445
Net cash provided by operating activities
4,174.3
4,575.1
3,749.1
607.8
2,908.3
Capital expenditures (additions to property, plant and equipment)
1,519.4
1,440.3
1,303.7
1,160.9
1,151.2
Balance Sheet
Total assets(3)
$
14,365.6
$
14,312.5
$
12,404.1
$
10,745.0
$
11,509.8
Long-term debt (including current portion)
3,932.6
3,585.2
2,335.3
2,041.3
1,293.2
Shareholders’ equity
5,450.1
5,884.0
5,818.0
5,272.0
4,480.2
(1)
Our fiscal year ends on the Sunday closest to September 30. The fiscal year ended on October 2, 2016 included 53 weeks, with the 53rd week falling in our fourth fiscal quarter.
(2)
Fiscal 2013 results include a pretax charge of $2,784.1 million resulting from the conclusion of our arbitration with Kraft Foods Global, Inc. The impact of this charge to net earnings attributable to Starbucks and diluted EPS, net of the related tax benefit, was $1,713.1 million and $1.12 per share, respectively.
(3)
Total assets for fiscal 2013 through fiscal 2016 have been adjusted for the adoption of new accounting guidance related to the reclassification of debt issuance costs as discussed in Note 1, Summary of Significant Accounting Policies.
Comparable Store Sales:
Fiscal Year Ended
Oct 1, 2017
Oct 2, 2016
Sep 27, 2015
Sep 28, 2014
Sep 29, 2013
Percentage change in comparable store sales(1)
Americas
Sales growth
3
%
6
%
7
%
6
%
7
%
Change in transactions
—
%
1
%
3
%
2
%
5
%
Change in ticket
4
%
5
%
4
%
3
%
2
%
China/Asia Pacific(2)
Sales growth
3
%
3
%
9
%
7
%
9
%
Change in transactions
1
%
1
%
8
%
6
%
7
%
Change in ticket
1
%
2
%
1
%
—
%
2
%
EMEA(3)
Sales growth
1
%
—
%
4
%
5
%
—
%
Change in transactions
(1
)%
1
%
2
%
3
%
2
%
Change in ticket
1
%
—
%
1
%
2
%
(2
)%
Consolidated
Sales growth
3
%
5
%
7
%
6
%
7
%
Change in transactions
—
%
1
%
3
%
3
%
5
%
Change in ticket
3
%
4
%
4
%
3
%
2
%
(1)
Includes only Starbucks® company-operated stores open 13 months or longer. Comparable store sales exclude the effect of fluctuations in foreign currency exchange rates. For fiscal year 2016, comparable store sales percentages were calculated excluding the 53rd week.
(2)
Beginning in December of fiscal 2016, comparable store sales include the results of the 1,009 company-operated stores acquired as part of the acquisition of Starbucks Japan in the first quarter of fiscal 2015.
(3)
Company-operated stores represent 17% of the EMEA segment store portfolio as of October 1, 2017.
Store Count Data:
As of and for the Fiscal Year Ended
Oct 1, 2017 (52 Wks)
Oct 2, 2016 (53 Wks)
Sep 27, 2015 (52 Wks)
Sep 28, 2014 (52 Wks)
Sep 29, 2013 (52 Wks)
Net stores opened/(closed) and transferred during the year:
Americas(1)
Company-operated stores
394
348
276
317
276
Licensed stores
558
456
336
381
404
China/Asia Pacific (2)
Company-operated stores
259
359
1,320
250
239
Licensed stores
777
622
(482
)
492
349
EMEA(3)
Company-operated stores
(21
)
(214
)
(80
)
(9
)
(29
)
Licensed stores
353
494
302
180
129
All Other Segments (4)
Company-operated stores
(68
)
(17
)
6
12
343
Licensed stores
2
(6
)
(1
)
(24
)
(10
)
Total
2,254
2,042
1,677
1,599
1,701
Stores open at year end:
Americas (1)
Company-operated stores
9,413
9,019
8,671
8,395
8,078
Licensed stores
7,146
6,588
6,132
5,796
5,415
China/Asia Pacific(2)
Company-operated stores
3,070
2,811
2,452
1,132
882
Licensed stores
4,409
3,632
3,010
3,492
3,000
EMEA(3)
Company-operated stores
502
523
737
817
826
Licensed stores
2,472
2,119
1,625
1,323
1,143
All Other Segments(4)
Company-operated stores
290
358
375
369
357
Licensed stores
37
35
41
42
66
Total
27,339
25,085
23,043
21,366
19,767
(1)
Americas store data includes the closure of 132 Target Canada licensed stores in the second quarter of fiscal 2015.
(2)
China/Asia Pacific store data has been adjusted for the transfer of certain company-operated stores to licensed stores in the fourth quarter of fiscal 2014. China/Asia Pacific store data also includes the transfer of 1,009 Japan stores from licensed stores to company-operated as a result of the acquisition of Starbucks Japan in the first quarter of fiscal 2015 and the transfer of 133 Singapore stores from company-operated stores to licensed stores in the fourth quarter of fiscal 2017.
(3)
EMEA store data has been adjusted for the transfer of certain company-operated stores to licensed stores in the second and fourth quarters of fiscal 2014. EMEA store data also includes the transfer of 144 Germany company-operated retail stores to licensed stores as a result of the sale to AmRest Holdings SE in the third quarter of fiscal 2016.
(4)
All Others Segments data includes 337 Teavana™ stores acquired in the second quarter of fiscal 2013 and the net closure of 64 Teavana-branded stores in fiscal 2017.
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