Press release
Starbucks Reports Record Q4 and Full Year Fiscal 2021 Results
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
About this update from Starbucks Corporation
[{"type":"text","content":"\nQ4 Consolidated Net Revenues Up 31% to a Record $8.1 Billion\nQ4 Comparable Store Sales Up 17% Globally; U.S. Up 22% with 11% Two-Year Growth\nQ4 GAAP EPS $1.49; Non-GAAP EPS of $1.00 Driven by Strong U.S. Performance\nActive Starbucks® Rewards Membership in the U.S. Approaches 25 million, Up 28% Year-Over-Year\nCompany Commits to $20 Billion of Share Repurchases and Dividends Over Next Three Years\nCompany Announces Historic Investments in its Partners (Employees), Bringing Average U.S. Retail Hourly Wage to Nearly $17/hr. by Summer 2022\n\n SEATTLE--(BUSINESS WIRE)--\nStarbucks Corporation (NASDAQ: SBUX) today reported financial results for its 14-week fiscal fourth quarter ended October 3, 2021. GAAP results in fiscal 2021 and fiscal 2020 include items that 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.\n\n“Our strong finish to fiscal 2021, including record performance in the fourth quarter, demonstrates the resilience of Starbucks and reinforces the value of the bold strategic moves we have taken over the past two years. Through it all, we have thoughtfully navigated a strong recovery with an eye towards our future, all guided by our Mission and Values,” said Kevin Johnson, president and ceo.\n\n“Today we announce we will be doubling-down on our investments in our partners, the heartbeat of our company. We know that when we exceed the expectations of our people, they in turn exceed the expectations of our customers - which creates value for all of our stakeholders - our partners, our customers, our communities and our shareholders. We anticipate that our strong business momentum, increased operating efficiency and continued global store expansion will fund these unprecedented investments while delivering yet another year of significant growth,” concluded Johnson.\n\nFiscal 2021 Re-segmentation\n\nIn the fourth quarter of fiscal 2021, certain changes were made to the company's management team, and the operating segment reporting structure was realigned as a result. The company realigned the fully licensed Latin America and Caribbean markets from the Americas operating segment to the International operating segment. The Americas operating segment has been renamed the North America operating segment, comprised of com...