Starbucks (SBUX) 8-K Consolidated Statements of Earnings – As Recast

Exhibit 99.1

STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF EARNINGS – AS RECAST

(unaudited, in millions)

	2011															2010			2009
	Q1			Q2			Q3			Q4			Full Year			Full Year			Full Year
Net revenues:
Company-operated stores		2,451.3			2,293.5			2,417.3			2,470.4			9,632.4			8,963.5			8,180.1
Licensed stores		254.2			237.8			248.7			266.8			1,007.5			875.2			795.0
CPG, foodservice and other		245.3			254.4			266.2			294.7			1,060.5			868.7			799.5
Total net revenues		2,950.8			2,785.7			2,932.2			3,031.9			11,700.4			10,707.4			9,774.6
Cost of sales including occupancy costs		1,192.3			1,171.2			1,237.5			1,314.5			4,915.5			4,416.5			4,272.3
Store operating expenses		888.0			867.2			917.1			922.9			3,594.9			3,471.9			3,359.1
Other operating expenses		90.1			98.9			100.0			103.7			392.8			279.7			250.6
Depreciation and amortization expenses		127.8			129.0			129.5			137.1			523.3			510.4			534.7
General and administrative expenses		185.2			181.6			190.2			192.3			749.3			704.6			585.4
Restructuring charges		0.0			0.0			0.0			0.0			0.0			53.0			332.4
Total operating expenses		2,483.4			2,447.9			2,574.3			2,670.5			10,175.8			9,436.1			9,334.5
Gain on sale of properties		0.0			0.0			0.0			30.2			30.2			0.0			0.0
Income from equity investees		34.5			38.3			44.3			56.7			173.7			148.1			121.9
Operating income		501.9			376.1			402.2			448.3			1,728.5			1,419.4			562.0
Interest income and other, net		14.4			19.9			16.0			65.7			115.9			50.3			37.0
Interest expense		(7.9	)		(7.1	)		(8.5	)		(9.8	)		(33.3	)		(32.7	)		(39.1	)
Earnings before income taxes		508.4			388.9			409.7			504.2			1,811.1			1,437.0			559.9
Income taxes		160.8			126.5			129.9			145.9			563.1			488.7			168.4
Net earnings including noncontrolling interest		347.6			262.4			279.8			358.3			1,248.0			948.3			391.5
Net earnings attributable to noncontrolling interest		1.0			0.8			0.7			(0.2	)		2.3			2.7			0.7
Net earnings attributable to Starbucks		346.6			261.6			279.1			358.5			1,245.7			945.6			390.8