Starbucks — Jul 29, 2026 release

Contacts: Starbucks Contact, Investor Relations: Starbucks Contact, Media: Catherine Park Emily Albright investorrelations@starbucks.com press@starbucks.com 7 STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (unaudited, in millions, except per share data) Quarter Ended Quarter Ended Jun 28, 2026 Jun 29, 2025 % Change Jun 28, 2026 Jun 29, 2025 As a % of total net revenues Net revenues: Company-operated stores $ 7,506.1  $ 7,812.5  (3.9)% 80.5  % 82.6  % Licensed stores 1,200.8  1,105.6  8.6 12.9  11.7  Other 615.8  537.9  14.5 6.6  5.7  Total net revenues 9,322.7   9,456.0   (1.4) 100.0   100.0   Product and distribution costs 2,828.6  2,955.5  (4.3) 30.3  31.3  Store operating expenses 4,197.4  4,344.8  (3.4) 45.0  45.9  Other operating expenses 131.9  151.6  (13.0) 1.4  1.6  Depreciation and amortization expenses 361.6  427.6  (15.4) 3.9  4.5  General and administrative expenses 598.8  677.2  (11.6) 6.4  7.2  Restructuring and impairments 302.6  20.8  nm 3.2  0.2  Total operating expenses 8,420.9  8,577.5  (1.8) 90.3  90.7  Income from equity investees 78.6  57.1  37.7 0.8  0.6  Operating income 980.4   935.6   4.8 10.5   9.9   Net gain resulting from divestiture of certain operations 536.3  —  nm 5.8  —  Interest income and other, net 37.2  25.6  45.3 0.4  0.3  Interest expense (134.6) (142.3) (5.4) (1.4) (1.5) Earnings before income taxes 1,419.3  818.9  73.3 15.2  8.7  Income tax expense 374.4  260.4  43.8 4.0  2.8  Net earnings including noncontrolling interests 1,044.9  558.5  87.1 11.2  5.9  Net earnings/(loss) attributable to noncontrolling interests (0.4) 0.2  nm 0.0  0.0  Net earnings attributable to Starbucks $ 1,045.3   $ 558.3   87.2% 11.2   % 5.9   % Net earnings per common share - diluted $ 0.91   $ 0.49   85.7% Weighted avg. shares outstanding - diluted 1,143.8  1,139.8  Cash dividends declared per share $ 0.62  $ 0.61  Supplemental Ratios: Store operating expenses as a % of company-operated store revenues 55.9  % 55.6  % Effective tax rate including noncontrolling interests 26.4  % 31.8  % 8 Three Quarters Ended Three Quarters Ended Jun 28, 2026 Jun 29, 2025 % Change Jun 28, 2026 Jun 29, 2025 As a % of total net revenues Net revenues: Company-operated stores $ 23,510.6  $ 22,882.9  2.7% 81.7  % 82.9  % Licensed stores 3,419.6  3,257.3  5.0 11.9  11.8  Other 1,839.1  1,475.2  24.7 6.4  5.3  Total net revenues 28,769.3   27,615.4   4.2 100.0   100.0   Product and distribution costs 9,310.7  8,586.8  8.4 32.4  31.1  Store operating expenses 13,158.3  12,723.9  3.4 45.7  46.1  Other operating expenses 393.6  442.8  (11.1) 1.4  1.6  Depreciation and amortization expenses 1,125.8  1,254.0  (10.2) 3.9  4.5  General and administrative expenses 1,855.7  1,975.2  (6.1) 6.5  7.2  Restructuring and impairments 415.8  137.0  203.5 1.4  0.5  Total operating expenses 26,259.9  25,119.7  4.5 91.3  91.0  Income from equity investees 189.9  162.7  16.7 0.7  0.6  Operating income 2,699.3   2,658.4   1.5 9.4   9.6   Net gain resulting from divestiture of certain operations 536.3  —  nm 1.9  —  Interest in