Earnings Per Share

3 Months Ended

Dec. 27, 2020

Earnings per Share

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


	Quarter Ended
	Dec 27, 2020		Dec 29, 2019
Net earnings attributable to Starbucks	$	622.2	$	885.7
Weighted average common shares outstanding (for basic calculation)	1,175.0		1,180.4
Dilutive effect of outstanding common stock options and RSUs	8.0		10.6
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,183.0		1,191.0
EPS — basic	$	0.53	$	0.75
EPS — diluted	$	0.53	$	0.74

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. The calculation of dilutive shares outstanding would exclude 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 be antidilutive. As of December 27, 2020 and December 29, 2019, we had no out-of-the-money stock options