星巴克Starbucks Corp. (SBUX) 2009年年度报告「NASDAQ」.pdf

1、Starbucks Corporation Fiscal 2009 Annual Report$0.80*Fiscal 2009 Financial HighlightsStores Open at Fiscal Year End(Company-Operated and Licensed Stores)InternationalUnited States20052006200720082009200520062007$7.8$6.4Net Revenues(In Billions)20052006$894$781Operating Income(In Millions)&Operating

2、Margin(In%)Comparable Store Sales Growth(Company-Operated Stores Open 13 Months or Longer)200520067%20052006$0.61Earnings per Diluted Share12.3%11.5%$0.71*15,0112008$9.42007$1,05420075%2007$0.8711.2%10,24112,4408%16,680$10.42008$5044.9%-3%2008$0.71*2006 includes$0.02 of expense resulting from the cu

3、mulative impact of the adoption of an accounting change for asset retirement obligations.200816,6352009$9.82009-6%2009$894*5.7%$843*$339$332$5622009Operating Cash Flow&Capital Expenditures(In Millions)$1,38920052006$1,132$6432007$1,3312008$1,2592009$446$985$1,080$771$923Cash from Operations Capital

4、Expenditures9.2%*8.1%*GAAPNon-GAAP*2008 Non-GAAP measure.Excludes$339 million in pretax restructuring charges and transformation expenses.*2009 Non-GAAP measure.Excludes$332 million in pretax restructuring charges.$0.43$0.52$0.28GAAP EPSNon-GAAP EPSGAAPNon-GAAP$0.28Dear Shareholders,In my letter to

5、you two years ago,I expressed concern over challenges confronting our business of a breadth and magnitude unlike anything I had ever seen before.For the fi rst time,we were beginning to see traffi c in our U.S.stores slow.Strong competitors were entering our business.And perhaps most troublesome,whe

6、re in the past Starbucks had always been forward-thinking and nimble in its decision-making and execution,like many fast-growing companies before us,we had allowed our success to make us complacent.As I returned to the role of president and chief executive offi cer,it was obvious to me,and to our le