Earnings Per Share

9 Months Ended

Jun. 28, 2020

Earnings/(Loss) per Share

Calculation of net earnings/(loss) per common share — basic and diluted (in millions, except earnings/(loss) per share):


	Quarter Ended						Three Quarters Ended
	Jun 28, 2020		Jun 30, 2019		Jun 28, 2020		Jun 30, 2019
Net earnings/(loss) attributable to Starbucks	$	(678.4)	$	1,372.8	$	535.7	$	2,796.4
Weighted average common shares outstanding (for basic calculation)	1,168.5		1,211.0		1,173.6		1,230.8
Dilutive effect of outstanding common stock options and RSUs	—		12.0		9.1		11.6
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,168.5		1,223.0		1,182.7		1,242.4
Earnings/(loss) per share — basic	$	(0.58)	$	1.13	$	0.46	$	2.27
Earnings/(loss) per share — diluted	$	(0.58)	$	1.12	$	0.45	$	2.25

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) and unvested RSUs, calculated using the treasury stock method. For the three months ended June 28, 2020, the Company had 8.1 million of outstanding stock options and unvested RSUs that could potentially dilute earnings per share in future periods that were excluded from the computation of diluted earnings per share because the effect would have been antidilutive given the net loss during the period. The calculation of dilutive shares outstanding also 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 28, 2020 and June 30, 2019, we had no out-of-the-money stock options