$SBUX

STARBUCKS CORP

CIK:0000829224|SEC Filings

Condensed Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 28, 2026	Jun. 29, 2025	Jun. 28, 2026	Jun. 29, 2025
Total net revenues	$ 9,322.7	$ 9,456.0	$ 28,769.3	$ 27,615.4
Product and distribution costs	2,828.6	2,955.5	9,310.7	8,586.8
Store operating expenses	4,197.4	4,344.8	13,158.3	12,723.9
Other operating expenses	131.9	151.6	393.6	442.8
Depreciation and amortization expenses	361.6	427.6	1,125.8	1,254.0
General and administrative expenses	598.8	677.2	1,855.7	1,975.2
Restructuring and impairments	302.6	20.8	415.8	137.0
Total operating expenses	8,420.9	8,577.5	26,259.9	25,119.7
Income from equity method investees	78.6	57.1	189.9	162.7
Operating income/(loss)	980.4	935.6	2,699.3	2,658.4
Net gain resulting from divestiture of certain operations	536.3	0.0	536.3	0.0
Interest income and other, net	37.2	25.6	87.3	81.8
Interest expense	(134.6)	(142.3)	(410.6)	(396.8)
Earnings before income taxes	1,419.3	818.9	2,912.3	2,343.4
Income tax expense	374.4	260.4	1,063.3	619.9
Net earnings including noncontrolling interests	1,044.9	558.5	1,849.0	1,723.5
Net earnings/(loss) attributable to noncontrolling interests	(0.4)	0.2	(0.6)	0.3
Net earnings attributable to Starbucks	$ 1,045.3	$ 558.3	$ 1,849.6	$ 1,723.2
EPS — basic	$ 0.92	$ 0.49	$ 1.62	$ 1.52
EPS — diluted	$ 0.91	$ 0.49	$ 1.62	$ 1.51
Weighted average shares outstanding:
Basic	1,139.6	1,136.4	1,139.0	1,135.7
Diluted	1,143.8	1,139.8	1,143.0	1,139.4
Other
Total net revenues	$ 615.8	$ 537.9	$ 1,839.1	$ 1,475.2
Company-operated stores
Total net revenues	7,506.1	7,812.5	23,510.6	22,882.9
Licensed stores
Total net revenues	$ 1,200.8	$ 1,105.6	$ 3,419.6	$ 3,257.3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jun. 28, 2026	Jun. 29, 2025
OPERATING ACTIVITIES:
Net earnings including noncontrolling interests	$ 1,849.0	$ 1,723.5
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	1,210.8	1,315.5
Deferred income taxes, net	252.1	48.1
Income earned from equity method investees, net	(187.8)	(184.4)
Distributions received from equity method investees	152.9	186.5
Net gain resulting from divestiture of certain operations	(536.3)	0.0
Stock-based compensation	290.4	244.3
Non-cash lease costs	1,008.1	1,104.9
Loss on disposal, impairment, and accelerated amortization of assets	398.2	143.0
Other	6.3	11.4
Cash provided by/(used in) changes in operating assets and liabilities:
Accounts receivable	(134.2)	(46.4)
Inventories	(144.8)	(477.6)
Income taxes payable	362.7	50.7
Accounts payable	144.4	291.1
Deferred revenue	51.2	(5.0)
Operating lease liability	(1,281.9)	(1,144.0)
Other operating assets and liabilities	163.0	104.1
Net cash provided by (used in) operating activities	3,604.1	3,365.7
INVESTING ACTIVITIES:
Purchases of investments	(133.6)	(298.2)
Sales of investments	22.3	1.1
Maturities and calls of investments	141.7	276.9
Additions to property, plant and equipment	(887.8)	(1,849.5)
Acquisitions, net of cash acquired	0.0	(177.1)
Net proceeds from the divestiture of certain operations	2,544.2	0.0
Other	(116.4)	(48.1)
Net cash provided by (used in) investing activities	1,570.4	(2,094.9)
FINANCING ACTIVITIES:
Net proceeds from issuance of short-term debt	2.5	2.4
Repayments of short-term debt	0.0	(7.8)
Net proceeds from issuance of long-term debt	0.0	1,748.5
Repayments of long-term debt	(2,815.9)	0.0
Proceeds from issuance of common stock	51.9	59.6
Cash dividends paid	(2,118.0)	(2,078.1)
Minimum tax withholdings on share-based awards	(64.7)	(80.6)
Other	0.0	(9.2)
Net cash provided by (used in) financing activities	(4,944.2)	(365.2)
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	(0.3)	(19.2)
Net increase/(decrease) in cash and cash equivalents	230.0	886.4
CASH AND CASH EQUIVALENTS:
Beginning of period	3,219.8	3,286.2
End of period	3,449.8	4,172.6
Cash paid during the period for:
Interest, net of capitalized interest	457.4	392.5
Income taxes	$ 413.6	$ 568.1

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 28, 2026	Sep. 28, 2025
Statement of Financial Position [Abstract]
Par value of common stock	$ 0.001	$ 0.001
Authorized shares of common stock	2,400,000,000	2,400,000,000
Common Stock, Shares, Issued	1,139,800,000	1,136,900,000
Assets [Abstract]
Cash and cash equivalents	$ 3,449.8	$ 3,219.8
Short-term investments	160.5	247.2
Accounts receivable, net	1,304.2	1,277.5
Inventories	2,208.9	2,185.6
Prepaid expenses and other current assets	410.8	452.2
Total current assets	7,534.2	7,382.3
Long-term investments	313.2	246.9
Equity investments	1,700.0	466.2
Property, plant and equipment, net	6,991.8	8,493.5
Operating lease, right-of-use asset	7,980.8	9,315.7
Deferred income taxes, net	1,506.4	1,826.9
Other long-term assets	857.2	752.5
Other intangible assets	172.3	166.8
Goodwill	1,238.8	3,368.9
TOTAL ASSETS	28,294.7	32,019.7
Liabilities and Equity [Abstract]
Accounts payable	1,777.2	1,852.8
Accrued liabilities	2,688.6	2,359.7
Accrued payroll and benefits	863.3	1,093.9
Current portion of operating lease liability	1,271.3	1,564.5
Stored value card liability and current portion of deferred revenue	1,818.1	1,840.6
Current portion of long-term debt	1,498.4	1,498.9
Total current liabilities	9,916.9	10,210.4
Long-term debt	11,780.2	14,575.9
Operating lease liability	7,884.2	8,972.2
Deferred revenue	5,632.5	5,772.6
Other long-term liabilities	748.0	577.8
Total liabilities	35,961.8	40,108.9
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,139.8 and 1,136.9 shares, respectively	1.1	1.1
Additional paid-in capital	915.0	634.1
Retained deficit	(8,542.5)	(8,272.5)
Accumulated other comprehensive income/(loss)	(47.9)	(459.3)
Total shareholders’ deficit	(7,674.3)	(8,096.6)
Noncontrolling interests	7.2	7.4
Total deficit	(7,667.1)	(8,089.2)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY/(DEFICIT)	$ 28,294.7	$ 32,019.7