FY21 Quarterly North America P&L (Post Resegmentation)
November 02, 2021 at 05:32 pm EDT
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NORTH AMERICA TRENDED STATEMENTS OF EARNINGS
As reported (post re-segmentation) and pro forma with Latin America Caribbean (LAC) licensed market
(unaudited, in millions)
Fiscal 2021 (post re-segmentaion)
Fiscal 2021 LAC impact (1)
Fiscal 2021 with LAC (pro forma)
Q1
Q2
Q3
Q4
YTD Q4
Q1
Q2
Q3
Q4
YTD Q4
Q1
Q2
Q3
Q4
YTD Q4
(13 weeks
(13 weeks
(13 weeks
(14 weeks
(53 weeks
(13 weeks
(13 weeks
(13 weeks
(14 weeks
(53 weeks
(13 weeks
(13 weeks
(13 weeks
(14 weeks
(53 weeks
ended)
ended)
ended)
ended)
ended)
ended)
ended)
ended)
ended)
ended)
ended)
ended)
ended)
ended)
ended)
Net revenues:
Company-operated stores
$
4,284.8
$
4,268.4
$ 4,929.8
$ 5,254.3
$18,737.3
$
-
$
-
$
-
$
-
$
-
$
4,284.8
$
4,268.4
$ 4,929.8
$ 5,254.3
$18,737.3
Licensed stores
388.6
368.1
439.0
506.5
1,702.2
27.6
26.1
29.5
35.8
119.0
416.2
394.2
468.5
542.3
1,821.2
Other
2.2
2.0
2.0
2.2
8.4
-
-
-
-
-
2.2
2.0
2.0
2.2
8.4
Total net revenues
4,675.6
4,638.5
5,370.8
5,763.0
20,447.9
27.6
26.1
29.5
35.8
119.0
4,703.2
4,664.6
5,400.3
5,798.8
20,566.9
Production and distribution costs
1,260.6
1,213.0
1,399.9
1,580.3
5,453.8
15.6
14.6
16.3
19.5
66.0
1,276.2
1,227.6
1,416.2
1,599.8
5,519.8
Store operating expenses
2,238.8
2,203.1
2,346.8
2,570.8
9,359.5
-
-
-
-
-
2,238.8
2,203.1
2,346.8
2,570.8
9,359.5
Other operating expenses
41.5
39.2
38.0
47.3
166.0
1.3
2.7
1.7
2.0
7.7
42.8
41.9
39.7
49.3
173.7
Depreciation and amortization expenses
188.9
186.2
188.9
189.9
753.9
-
-
-
-
-
188.9
186.2
188.9
189.9
753.9
General and administrative expenses
70.8
77.7
73.1
78.4
300.0
-
-
-
-
-
70.8
77.7
73.1
78.4
300.0
Restructuring and impairments
72.2
23.0
19.7
40.5
155.4
-
-
-
-
-
72.2
23.0
19.7
40.5
155.4
Total operating expenses
3,872.8
3,742.2
4,066.4
4,507.2
16,188.6
16.9
17.3
18.0
21.5
73.7
3,889.7
3,759.5
4,084.4
4,528.7
16,262.3
Operating income
$
802.8
$
896.3
$ 1,304.4
$ 1,255.8
$ 4,259.3
$
10.7
$
8.8
$
11.5
$
14.3
$
45.3
$
813.5
$
905.1
$ 1,315.9
$ 1,270.1
$ 4,304.6
As a fully licensed market, LAC benefits from unallocated general and administrative support provided by North America, International and Corporate and Other segments.
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Disclaimer
Starbucks Corporation published this content on 01 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2021 21:31:07 UTC.
Starbucks Corporation specializes in owning and operating coffee shops. The group also develops a coffee roasting activity. Net sales break down by source of revenue as follows:
- sales within company-operated coffee shops (81.9%): as of October 1st, 2023, owned a network of 19,592 coffee shops under the Starbucks Coffee®, Teavana®, Ethos®, Starbucks Reserve® and Princi® brands;
- sales within licensed stores (12.5%): 18,446 licensed stores located primarily in the United States (6,701), Korea (1,870), Latin America (1,649) and the United Kingdom (911);
- other (5.6%): sales of coffee, beverages and food products for companies, hotels, hospitals, airlines, etc.
Net sales break down by family of products between beverages (60.3%), food (18.3%) and other (21.4%).
Net sales are distributed geographically as follows: the United States (73.4%), China (8.6%) and other (18%).
STARBUCKS CORPORATION 
