7 unchanged sentences
ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: The following table provides information regarding repurchases of our common stock during the quarter ended September 29, 2019 :
−Removed: Part of Publicly
−Removed: Shares that May
−Removed: Under the Plans
−Removed: or Programs (3)
−Removed: July 1, 2019 - July 28, 2019
−Removed: July 29, 2019 - August 25, 2019
−Removed: August 26, 2019 - September 29, 2019
−Removed: Monthly information is presented by reference to our fiscal months during the fourth quarter of fiscal 2019 .
−Removed: Share repurchases are conducted under our ongoing share repurchase program announced in September 2001, which has no expiration date.
−Removed: This column includes the total number of shares available for repurchase under the Company's ongoing share repurchase program.
Shares under our ongoing share repurchase program may be repurchased in open market transactions, including pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, or through privately negotiated transactions.
The timing, manner, price and amount of repurchases will be determined at our discretion, and the share repurchase program may be suspended, terminated or modified at any time for any reason.
+Added: On April 8, 2020, we announced a temporary suspension of our share repurchase program.
+Added: Repurchases pursuant to this program were last made in March 2020.
+Added: During the fourth fiscal quarter ended September 27, 2020, there was no share repurchase activity.
Performance Comparison Graph
2 unchanged sentences
The stock price performance shown in the graph is not necessarily indicative of future price performance.
+Added: Sep 27, 2015 Oct 2, 2016 Oct 1, 2017 Sep 30, 2018 Sep 29, 2019 Sep 27, 2020
Starbucks Corporation $ 100.00 $ 94.64 $ 95.57 $ 103.49 $ 163.98 $ 159.64
+Added: S&P 500 100.00 115.43 136.91 161.43 168.30 193.80
NASDAQ Composite 100.00 116.42 144.00 180.24 181.19 255.40
5 unchanged sentences
As of and for the Fiscal Year Ended (1)
+Added: (52 Wks) Sept 29,
+Added: (52 Wks) Sept 30,
+Added: (52 Wks) Oct 1,
+Added: (52 Wks) Oct 2,
Results of Operations
2 unchanged sentences
Licensed stores
+Added: 2,327.1 2,875.0 2,652.2 2,355.0 2,154.2
+Added: 2,026.3 2,089.2 2,377.0 2,381.1 2,317.6
Total net revenues $ 23,518.0 $ 26,508.6 $ 24,719.5 $ 22,386.8 $ 21,315.9
−Removed: Operating income/(loss)
+Added: Operating income $ 1,561.7 $ 4,077.9 $ 3,883.3 $ 4,134.7 $ 4,171.9
Net earnings including noncontrolling interests (2)
+Added: 924.7 3,594.6 4,518.0 2,884.9 2,818.9
Net earnings/(loss) attributable to noncontrolling interests (3.6) (4.6) (0.3) 0.2 1.2
Net earnings attributable to Starbucks (2)
+Added: 928.3 3,599.2 4,518.3 2,884.7 2,817.7
EPS — diluted (2)
+Added: 0.79 2.92 3.24 1.97 1.90
Cash dividends declared per share (3)
+Added: 1.23 1.49 1.32 1.05 0.85
Net cash provided by operating activities (4)
+Added: 1,597.8 5,047.0 11,937.8 4,251.8 4,697.9
Capital expenditures (additions to property, plant and equipment) 1,483.6 1,806.6 1,976.4 1,519.4 1,440.3
Balance Sheet
+Added: Total assets $ 29,374.5 $ 19,219.6 $ 24,156.4 $ 14,365.6 $ 14,312.5
Long-term debt (including current portion) 15,909.5 11,167.0 9,440.1 3,932.6 3,585.2
4 unchanged sentences
The impact of the gain to our diluted EPS was $0.99.
−Removed: Net cash provided by operating activities for fiscal 2015 through fiscal 2017 has been adjusted for the adoption of new accounting guidance related to excess tax benefits as discussed in Note 1 , Summary of Significant Accounting Policies.
+Added: (3) Subsequent to our year-end, on September 30, 2020, we declared a cash dividend of $0.45 per share payable on November 27, 2020 to shareholders of record on November 12, 2020.
+Added: (4) Net cash provided by operating activities for fiscal 2016 and fiscal 2017 has been adjusted for the adoption of new accounting guidance related to excess tax benefits as discussed in Note 1 , Summary of Significant Accounting Policies.
Comparable Store Sales:
−Removed: Fiscal Year Ended
+Added: Fiscal Year Ended Sep 27,
Percentage change in comparable store sales (1)
+Added: Sales growth (12) % 5 % 2 % 3 % 6 %
Change in transactions (21) % 2 % (1) % — % 1 %
1 unchanged sentence
International (2)
+Added: Sales growth (19) % 3 % 1 % 2 % 2 %
Change in transactions (23) % 1 % (1) % 1 % 1 %
Change in ticket 5 % 2 % 2 % 1 % 1 %
+Added: Sales growth (14) % 5 % 2 % 3 % 5 %
Change in transactions (22) % 1 % (1) % — % 1 %
3 unchanged sentences
For fiscal year 2016, comparable store sales percentages were calculated excluding the 53 rd week.
+Added: For fiscal year 2020, stores that were temporarily closed or operating at reduced hours due to the COVID-19 outbreak remained in comparable store sales while stores identified for permanent closure were removed.
(2) Beginning in February of fiscal 2019, comparable store sales include the results of the transfer of 1,477 licensed stores in East China to company-operated retail stores as a result of the purchase of our East China joint venture in the first quarter of fiscal 2018.
1 unchanged sentence
Store Count Data:
−Removed: As of and for the Fiscal Year Ended
+Added: As of and for the Fiscal Year Ended Sept 27,
+Added: (52 Wks) Sept 29,
+Added: (52 Wks) Sept 30,
+Added: (52 Wks) Oct 1,
+Added: (52 Wks) Oct 2,
Net stores opened/(closed) and transferred during the year:
7 unchanged sentences
Licensed stores — (12) (25) 2 (6)
+Added: Total 1,404 1,932 1,985 2,254 2,042
Stores open at year end:
7 unchanged sentences
Licensed stores — — 12 37 35
−Removed: Americas store data includes the transfer of 112 company-operated retail stores in Brazil to licensed stores as a result of the sale of our Brazil retail operations in the second quarter of fiscal 2018 and the closure of 132 Target Canada licensed stores in the second quarter of fiscal 2015.
+Added: Total 32,660 31,256 29,324 27,339 25,085
+Added: (1) Americas store data includes the transfer of 112 company-operated retail stores in Brazil to licensed stores as a result of the sale of our Brazil retail operations in the second quarter of fiscal 2018.
(2) International store data includes in fiscal 2019 the transfer of 82 company-operated stores in France and the Netherlands to licensed stores as a result of the sales of operations in the second quarter and the transfer of 377 company-operated stores in Thailand to licensed stores as a result of the sale of operations late in the third quarter.
−Removed: Additionally, store data includes the transfer of 1,477 licensed stores in East China to company-operated retail stores as a result of the purchase of our East China joint venture in the first quarter of fiscal 2018, the transfer of 133 Singapore stores from company-operated stores to licensed stores in fiscal 2017, the transfer of 144 Germany company-operated stores to licensed stores in fiscal 2016, and the transfer of 1,009 Japan stores from licensed stores to company-operated as a result of the acquisition of Starbucks Japan in fiscal 2015.
+Added: Additionally, store data includes the transfer of 1,477 licensed stores in East China to company-operated retail stores as a result of the purchase of our East China joint venture in the first quarter of fiscal 2018, the transfer of 133 Singapore stores from company-operated stores to licensed stores in fiscal 2017 and the transfer of 144 Germany company-operated stores to licensed stores in fiscal 2016.
(3) Corporate and Other store data includes the closure of 313 Teavana retail stores in fiscal 2018 and 12 Teavana retail stores in the first quarter of fiscal 2019.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.