Starbucks 2009 Annual Report Download - page 85

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Note 19: Subsequent Event
On September 30, 2009, Starbucks acquired 100 percent ownership of the Company’s business in France,
converting it from a 50% joint venture with Sigla S.A. (Grupo Vips) of Spain to a Company-operated market.
Starbucks simultaneously sold its 50% ownership interests in the Spain and Portugal markets to Grupo Vips,
converting them to licensed markets.
Note 20: Summarized Quarterly Financial Information (unaudited, in millions, except EPS)
First Second Third Fourth Total
2009:
Net revenues .......................... $2,615.2 $2,333.3 $2,403.9 $2,422.2 $ 9,774.6
Operating income
(1)
..................... 117.7 40.9 204.0 199.4 562.0
Net earnings
(1)
......................... 64.3 25.0 151.5 150.0 390.8
EPS — diluted......................... 0.09 0.03 0.20 0.20 0.52
2008:
Net revenues .......................... $2,767.6 $2,526.0 $2,574.0 $2,515.4 $10,383.0
Operating income/(loss)
(2)
................ 333.1 178.2 (21.6) 14.2 503.9
Net earnings/(loss)
(2)
.................... 208.1 108.7 (6.7) 5.4 315.5
EPS — diluted......................... 0.28 0.15 (0.01) 0.01 0.43
(1)
Includes pretax restructuring charges of $75.5 million, $152.1 million, $51.6 million and $53.2 million for the
first, second, third and fourth fiscal quarters respectively.
(2)
Includes pretax restructuring charges of $167.7 million and $99.2 million for the third and fourth fiscal quarters,
respectively.
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