STARBUCKS CORP
For the period ended Jun 30, 2024. Filed Jul 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.
Jun 30, 2024 · Filed Jul 30, 2024
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Earnings per Share
Note 13: Earnings per Share
Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
| Quarter Ended | Three Quarters Ended | |||
|---|---|---|---|---|
| Jun 30, 2024 | Jul 2, 2023 | Jun 30, 2024 | Jul 2, 2023 | |
| Net earnings attributable to Starbucks | $1,054.8 | $1,141.7 | $2,851.7 | $2,905.2 |
| Weighted average common shares outstanding (for basic calculation) | 1,132.8 | 1,145.9 | 1,133.9 | 1,147.6 |
| Dilutive effect of outstanding common stock options and RSUs | 3.0 | 4.6 | 3.4 | 4.4 |
| Weighted average common and common equivalent shares outstanding (for diluted calculation) | 1,135.8 | 1,150.5 | 1,137.3 | 1,152.0 |
| EPS — basic | $0.93 | $1.00 | $2.51 | $2.53 |
| EPS — diluted | $0.93 | $0.99 | $2.51 | $2.52 |
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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