STARBUCKS CORP
For the period ended Dec 31, 2023. Filed Jan 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Jan 30, 2024
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Earnings per Share
Note 12: Earnings per Share
Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
| Quarter Ended | ||
|---|---|---|
| Dec 31, 2023 | Jan 1, 2023 | |
| Net earnings attributable to Starbucks | $1,024.4 | $855.2 |
| Weighted average common shares outstanding (for basic calculation) | 1,136.6 | 1,148.5 |
| Dilutive effect of outstanding common stock options and RSUs | 4.0 | 4.4 |
| Weighted average common and common equivalent shares outstanding (for diluted calculation) | 1,140.6 | 1,152.9 |
| EPS — basic | $0.90 | $0.74 |
| EPS — diluted | $0.90 | $0.74 |
Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes anti-dilutive stock options or unvested RSUs, which were immaterial in the periods presented.
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