What is Starbucks China's yearly budget (most recent year). Provide in proper financial statement document.

90.2K

Verified Solution

Question

Finance

What is Starbucks China's yearly budget (most recent year).Provide in proper financial statement document.

Answer & Explanation Solved by verified expert
3.6 Ratings (497 Votes)
Global comparable store sales increased 3 driven by a 4 increase in average ticket Americas and US comparable store sales increased 4 CAP and China comparable store sales increased 1 Consolidated net revenues of 63 billion up 11 over the prior year Adjusted for an approximately 2 net benefit from streamlinedriven activities and approximately 1 headwind from unfavorable foreign currency translation consolidated net revenues grew 9 over the prior year Streamlinedriven activities include the consolidation of the acquired East China business partially offset by licensing our CPG and foodservice businesses to Nestl following the close of the deal on August 26 2018 Teavana mall store closures and the conversion of certain international retail operations from companyowned to licensed models GAAP operating margin inclusive of restructuring and impairment charges declined 270 basis points yearoveryear to 152 NonGAAP operating margin of 181 declined 190 basis points compared to the prior year GAAP Earnings Per Share of 056 up 4 over the prior year NonGAAP EPS of 062 up 13 over the prior year Starbucks RewardsTMloyalty program grew to 153 million active members in the US up 15 yearoveryear Mobile Order and Pay represented 14 of US companyoperated transactions The company opened 604 net new stores in Q4 and now operates 29324 stores across 78 markets The company returned 36 billion to shareholders through a combination of dividends and share repurchases Fiscal Year 2018 Highlights Global comparable store sales increased 2 driven by a 3 increase in average ticket Americas and US comparable store sales increased 2 CAP comparable store sales increased 1 China comparable store sales increased 2 Consolidated net revenues of 247 billion up 10 over the prior year Adjusted for an approximately 2 net benefit from streamlinedriven activities and approximately 1 benefit from favorable foreign currency translation consolidated net revenues grew 8 over the prior year Streamlinedriven activities include the consolidation of the acquired East China business partially offset by Teavana mall store closures the conversion of certain international retail operations from companyowned to licensed models licensing our CPG and foodservice businesses to Nestl following the close of the deal on August 26 2018 and the sale of our Tazo brand in Q1 FY18 GAAP operating margin inclusive of restructuring and impairment charges declined 280 basis points yearoveryear to 157 NonGAAP operating margin of 180 declined 170 basis points compared to the prior year GAAP Earnings Per Share    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

What is Starbucks China's yearly budget (most recent year).Provide in proper financial statement document.

Other questions asked by students