Earnings Per Share

9 Months Ended

Jun. 30, 2019

Earnings per Share

Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):



	Quarter Ended				Three Quarters Ended
	Jun 30, 2019		Jul 1, 2018		Jun 30, 2019		Jul 1, 2018
Net earnings attributable to Starbucks	$	1,372.8	$	852.5	$	2,796.4	$	3,762.8
Weighted average common shares outstanding (for basic calculation)	1,211.0		1,377.1		1,230.8		1,397.7
Dilutive effect of outstanding common stock options and RSUs	12.0		11.4		11.6		12.2
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,223.0		1,388.5		1,242.4		1,409.9
EPS — basic	$	1.13	$	0.62	$	2.27	$	2.69
EPS — diluted	$	1.12	$	0.61	$	2.25	$	2.67

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and nonvested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes out-of-the-money stock options (i.e., such options’ exercise prices were greater than the average market price of our common shares for the period) because their inclusion would have been antidilutive. As of June 30, 2019, we had no out-of-the-money stock options, compared to 7.9 million as of July 1, 2018.