8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported): January 24, 2013

Starbucks Corporation

(Exact Name of Registrant as Specified in its Charter)

Washington	0-20322	91-1325671
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2401 Utah Avenue South, Seattle, Washington 98134

(Address of Principal Executive Offices)

(206) 447-1575

(Registrant’s Telephone Number, including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure

As previously announced, effective at the beginning of fiscal 2012, we implemented a strategic realignment of our organizational structure designed to accelerate our global growth strategy. As part of this realignment, we shifted to the following four reportable operating segments: Americas, EMEA, CAP and Channel Development.

We continue to evolve our operating model to improve local relevancy and efficiency of decision making so that we are able to better optimize market opportunities. To better facilitate decision-making at a local level, effective at the beginning of fiscal 2013, we decentralized certain leadership functions in the areas of retail marketing and category management, global store development and partner resources, to support and align with the respective operating segment presidents. In conjunction with these moves, certain general and administrative and depreciation and amortization expenses associated with these functions, which were previously reported as unallocated corporate expenses within "Other," are now reported within the respective reportable operating segments to align with the regions which they support. In order to conform prior period classifications with the new alignment, the historical consolidated financial statements have been recast as reflected in the segment results below. This change did not have an impact to our historical consolidated results.

Fiscal 2012	Americas	EMEA	CAP	Channel Development	Other		Total
Depreciation and amortization	0.1	—	—	—	(0.1	)	—
General and administrative	53.9	3.6	0.9	8.1	(66.5	)	—
Fiscal 2011
Depreciation and amortization	0.6	—	—	—	(0.6	)	—
General and administrative	66.5	1.4	1.8	4.3	(74.0	)	—
Fiscal 2010
Depreciation and amortization	1.3	—	—	—	(1.3	)	—
General and administrative	76.0	2.7	3.6	2.3	(84.6	)	—

This Form 8-K provides a summary of the effects of the above reporting changes on Starbucks historical consolidated and segment level operating results. The information contained in this Form 8-K is being furnished pursuant to Regulation FD in order to provide the financial community with summary financial information and historical data that is on a basis consistent with how we will report current financial information. Beginning with the quarter ended December 30, 2012, our financial statements will reflect the new reporting changes with prior periods adjusted accordingly.

The recasting of previously issued financial information above and in the exhibit attached hereto does not represent a restatement of previously-issued financial statements and does not affect our reported net income, earnings per share, total assets, or stockholders’ equity for any of the previously reported periods.

The information furnished in Item 7.01, including the exhibits attached hereto, shall not be deemed “filed” for any purpose, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, regardless of any general incorporation language in any such filing. This report will not be deemed an admission as to the materiality of any information in the report that is provided in connection with Regulation FD.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.	Description
99.1	Segment Level Results - As Recast

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	STARBUCKS CORPORATION
	By:	/s/ Troy Alstead
Dated: January 24, 2013		Troy Alstead
		chief financial officer and chief administrative officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Segment Level Results - As Recast

EX-99.1

Exhibit 99.1

Segment Results

The tables below present reportable segment results, net of intersegment eliminations, as recast (unaudited, in millions):

Americas

	2012					2011	2010
	Q1	Q2	Q3	Q4	Full Year	Full Year	Full Year
Net revenues:
Company-operated stores	2,356.2	2,170.2	2,256.6	2,294.2	9,077.0	8,365.5	7,865.8
Licensed stores	216.4	198.9	208.3	202.2	825.8	676.7	598.3
CPG, foodservice and other	6.0	5.6	6.3	15.3	33.2	22.8	24.4
Total net revenues	2,578.6	2,374.7	2,471.2	2,511.7	9,936.0	9,065.0	8,488.5
Cost of sales including occupancy costs	1,006.7	941.6	965.1	972.0	3,885.5	3,512.7	3,258.5
Store operating expenses	874.8	837.4	858.1	857.6	3,427.8	3,184.2	3,083.3
Other operating expenses	20.5	18.7	20.2	24.4	83.8	75.8	63.1
Depreciation and amortization expenses	97.1	97.2	97.2	100.9	392.4	391.4	394.2
General and administrative expenses	30.6	32.4	31.9	33.2	128.2	127.3	132.4
Restructuring charges	—	—	—	—	—	—	28.4
Total operating expenses	2,029.7	1,927.3	1,972.5	1,988.1	7,917.7	7,291.4	6,959.9
Gain on sale of properties	—	—	—	—	—	—	—
Income from equity investees	—	2.1	—	—	2.1	1.6	0.9
Operating income	548.9	449.5	498.7	523.6	2,020.4	1,775.2	1,529.5

EMEA

	2012							2011	2010
	Q1	Q2		Q3	Q4		Full Year	Full Year	Full Year
Net revenues:
Company-operated stores	264.3	233.5		237.1	233.2		968.3	905.5	844.9
Licensed stores	31.2	31.1		36.8	40.4		139.5	112.2	81.7
CPG, foodservice and other	7.5	7.8		8.1	10.1		33.5	29.1	26.8
Total net revenues	303.0	272.4		282.0	283.7		1,141.3	1,046.8	953.4
Cost of sales including occupancy costs	150.4	143.9		149.8	153.2		597.3	530.3	471.8
Store operating expenses	93.8	91.9		88.2	97.1		371.1	327.3	324.5
Other operating expenses	8.6	8.9		8.4	7.6		33.6	36.5	36.1
Depreciation and amortization expenses	14.2	14.3		14.4	14.2		57.1	53.4	50.6
General and administrative expenses	17.4	20.4		19.6	18.3		75.7	66.4	60.9
Restructuring charges	—	—		—	—		—	—	24.5
Total operating expenses	284.4	279.4		280.4	290.4		1,134.8	1,013.9	968.4
Gain on sale of properties	—	—		—	—		—	—	—
Income from equity investees	0.3	—		—	—		0.3	6.0	6.8
Operating income/(loss)	18.9	(7.0	)	1.6	(6.7	)	6.8	38.9	(8.2	)

China and Asia Pacific

	2012					2011	2010
	Q1	Q2	Q3	Q4	Full Year	Full Year	Full Year
Net revenues:
Company-operated stores	111.3	117.5	121.9	138.5	489.2	361.4	252.8
Licensed stores	55.6	57.1	59.9	59.5	232.2	190.9	154.5
CPG, foodservice and other	—	—	—	—	—	—	—
Total net revenues	166.9	174.6	181.8	198.0	721.4	552.3	407.3
Cost of sales including occupancy costs	84.5	86.8	91.5	100.1	362.8	282.0	213.4
Store operating expenses	27.1	27.2	29.7	35.2	119.2	83.4	64.1
Other operating expenses	11.4	9.7	11.3	14.6	47.0	35.7	30.0
Depreciation and amortization expenses	5.0	5.6	5.8	6.7	23.2	18.1	15.8
General and administrative expenses	9.2	10.0	12.3	7.6	39.0	34.7	31.0
Restructuring charges	—	—	—	—	—	—	0.1
Total operating expenses	137.2	139.3	150.6	164.2	591.2	453.9	354.4
Gain on sale of properties	—	—	—	—	—	—	—
Income from equity investees	27.6	32.9	30.1	31.8	122.4	92.9	73.1
Operating income	57.3	68.2	61.3	65.6	252.6	191.3	126.0

Channel Development

	2012					2011	2010
	Q1	Q2	Q3	Q4	Full Year	Full Year	Full Year
Net revenues:
CPG	247.1	237.4	232.6	235.0	952.1	553.2	425.6
Foodservice	88.7	84.1	83.8	83.5	340.1	307.3	281.8
Total net revenues	335.8	321.5	316.4	318.5	1,292.2	860.5	707.4
Cost of sales	220.6	204.7	201.1	201.2	827.6	487.5	383.2
Other operating expenses	50.1	49.3	47.8	43.8	191.1	151.8	115.6
Depreciation and amortization expenses	0.4	0.3	0.3	0.3	1.3	2.4	3.7
General and administrative expenses	3.8	4.9	4.2	4.1	17.0	10.9	6.8
Restructuring charges	—	—	—	—	—	—	—
Total operating expenses	274.9	259.2	253.4	249.4	1,037.0	652.6	509.3
Gain on sale of properties	—	—	—	—	—	—	—
Income from equity investees	17.0	17.2	21.2	29.8	85.2	75.6	70.6
Operating income	77.9	79.5	84.2	98.9	340.4	283.5	268.7

Other

	2012										2011		2010
	Q1		Q2		Q3		Q4		Full Year		Full Year		Full Year
Net revenues:
Licensed stores	3.4		3.2		3.2		3.2		12.8		27.7		40.7
CPG, foodservice and other	48.2		49.5		49.0		49.1		195.8		148.1		110.1
Total net revenues	51.6		52.7		52.2		52.3		208.6		175.8		150.8
Cost of sales	33.9		34.9		38.6		32.7		140.1		103.0		89.6
Other operating expenses	16.1		18.7		18.2		21.5		74.4		93.0		34.9
Depreciation and amortization expenses	18.1		19.7		19.0		19.6		76.3		58.0		46.1
General and administrative expenses	130.5		139.2		131.0		140.6		541.3		510.0		473.5
Restructuring charges	—		—		—		—		—		—		—
Total operating expenses	198.6		212.5		206.8		214.4		832.1		764.0		644.1
Gain on sale of properties	—		—		—		—		—		30.2		—
Income from equity investees	—		—		0.4		0.3		0.7		(2.4	)	(3.3	)
Operating loss	(147.0	)	(159.8	)	(154.2	)	(161.8	)	(622.8	)	(560.4	)	(496.6	)