why does starbucks fiscal year end in september

4f568f3f61aba3ec45488f9e11235afa
7 abril, 2023

why does starbucks fiscal year end in september

The business is in the beverages industry. Management excludes these items for reasons discussed above. of Analysts 27 : Per Share Data Starbucks Corp. All values updated annually at fiscal year end. Integration costs, primarily related to information technology investments and compensation-related programs, are deemed to be representative of ongoing operations. Our strong finish to fiscal 2021, including record performance in the fourth quarter, demonstrates the resilience of Starbucks and reinforces the value of the bold strategic moves we have taken over the past two years. Solved Go to EDGAR (Links to an external site.) and download - Chegg Actual future results and trends may differ materially depending on a variety of factors, including, but not limited to: the continuing impact of COVID-19 on our business; regulatory measures or voluntary actions that may be put in place to limit the spread of COVID-19, including restrictions on business operations or social distancing requirements, and the duration and efficacy of such restrictions; the resurgence of COVID-19 infections and the circulation of novel variants of COVID-19; fluctuations in U.S. and international economies and currencies; our ability to preserve, grow and leverage our brands; the ability of our business partners and third-party providers to fulfill their responsibilities and commitments; potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, contamination or mislabeling; potential negative effects of material breaches of our information technology systems to the extent we experience a material breach; material failures of our information technology systems; costs associated with, and the successful execution of, the companys initiatives and plans; new initiatives and plans or revisions to existing initiatives or plans; our ability to obtain financing on acceptable terms; the acceptance of the companys products by our customers, evolving consumer preferences and tastes and changes in consumer spending behavior; partner investments, changes in the availability and cost of labor including any union organizing efforts and our responses to such efforts; failure to attract or retain key executive or employee talent or successfully transition executives; significant increased logistics costs; inflationary pressures; the impact of competition; inherent risks of operating a global business including any potential negative effects stemming from the Russian invasion of Ukraine; the prices and availability of coffee, dairy and other raw materials; the effect of legal proceedings; and the effects of changes in tax laws and related guidance and regulations that may be implemented, including the Inflation Reduction Act of 2022 and other risks detailed in our filings with the Securities and Exchange Commission, including in the Risk Factors and Management's Discussion and Analysis of Financial Condition and Results of Operations sections of the companys most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. To share in the experience, please visit us in our stores or online at stories.starbucks.com or www.starbucks.com. This figure. Transaction and SEATTLE-- (BUSINESS WIRE)-- Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended October 2, 2022.

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why does starbucks fiscal year end in september