Starbucks 2006 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2006 Starbucks annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 83

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83

INTERNATIONAL
As a % of International
Total Net Revenues
Oct 1, 2006 Oct 2, 2005 % Change Oct 1, 2006 Oct 2, 2005
52 Weeks Ended 52 Weeks Ended
Net revenues:
Company-operated retail $1,087,858 $ 852,472 27.6% 83.5% 83.4%
Specialty:
Licensing 186,050 145,736 27.7 14.3 14.2
Foodservice and other 29,006 24,285 19.4 2.2 2.4
Total specialty 215,056 170,021 26.5 16.5 16.6
Total net revenues 1,302,914 1,022,493 27.4 100.0 100.0
Cost of sales including occupancy costs 625,008 511,761 48.0 50.1
Store operating expenses 407,771 317,075 37.5
(1)
37.2
(1)
Other operating expenses 50,900 32,061 23.7
(2)
18.9
(2)
Depreciation and amortization expenses 66,800 56,705 5.1 5.5
General and administrative expenses 78,337 53,069 6.0 5.2
Income from equity investees 34,370 30,477 2.6 3.0
Operating income $ 108,468 $ 82,299 31.8% 8.3% 8.0%
GLOBAL CONSUMER PRODUCTS GROUP
As a % of
CPG Total Net Revenues
Net revenues:
Specialty:
Licensing $305,471 $249,292 100.0% 100.0%
Total specialty 305,471 249,292 100.0 100.0
Total net revenues 305,471 249,292 22.5% 100.0 100.0
Cost of sales 179,298 149,095 58.7 59.8
Other operating expenses 18,563 14,251 6.1 5.7
Depreciation and amortization expenses 108 76 — —
Income from equity investees 59,416 45,579 19.4 18.2
Operating income $166,918 $131,449 27.0% 54.6% 52.7%
UNALLOCATED CORPORATE
As a % of
Total Net Revenues
Depreciation and amortization expenses $ 35,678 $ 33,049 0.4% 0.5%
General and administrative expenses 300,932 218,683 3.9 3.4
Operating loss $(336,610) $(251,732) (4.3)% (3.9)%
(1) Shown as a percentage of related Company-operated retail revenues.
(2) Shown as a percentage of related total specialty revenues.
United States
The Company’s United States operations (“United States”) represent 83% of Company-operated retail revenues, 57% of
total specialty revenues and 79% of total net revenues. United States operations sell coffee and other beverages, whole
bean coffees, complementary food, coffee brewing equipment and merchandise primarily through Company-operated
retail stores. Specialty Operations within the United States include licensed retail stores, foodservice accounts and other
initiatives related to the Company’s core business.
24 STARBUCKS CORPORATION, FORM 10-K