Q3 Fiscal 2018 Highlights
• Global comparable store sales increased 1%, driven by a 3% increase in average ticket
? Americas and U.S. comparable store sales increased 1%
? CAP comparable store sales decreased 1%
? China comparable store sales decreased 2%
• Consolidated net revenues of $6.3 billion, up 11% over the prior year including:
? 3% net benefit from consolidation of the acquired East China business and other streamline-driven
activities, including Teavana mall store closures, the Tazo divestiture, and the conversion of certain
international retail operations from company-owned to licensed models
? 1% benefit from foreign currency translation
• GAAP operating margin, inclusive of restructuring and impairment charges, declined 190 basis points yearover-year to 16.5%
? Non-GAAP operating margin of 18.5% declined 230 basis points compared to the prior year
• GAAP Earnings Per Share of $0.61, up 30% over the prior year
? Non-GAAP EPS of $0.62, up 13% over the prior year
? GAAP and non-GAAP EPS include $0.02 of unfavorability associated with May 29th anti-bias training
• Starbucks RewardsTM loyalty program added 1.9 million active members in the U.S., up 14% year-over-year;
#1 de 2
