Starbucks Announces Strategic Priorities and Operational Initiatives

Adds 5 million new digitally registered customers with Digital Flywheel since April 2018; Active Starbucks Rewards members up 13 percent year-over-year to 15 million – Three newer major digital initiatives will contribute approximately 1-2% attributable comps in FY19 – Raises target for cash returned to shareholders to $25 billion through FY20, including a 20 percent increase in the company’s regularly scheduled quarterly dividend – Sharpens focus on optimizing store footprint, anticipates lower net new store growth in the U.S. for FY19 — further concentrating growth in under penetrated markets – Decisive steps being taken by leadership to address an anticipated 1 percent growth in Q3 FY18 global comparable store sales – Announces plans to drive G&A efficiency