Earnings Per Share

6 Months Ended

Mar. 28, 2021

Earnings per Share

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


	Quarter Ended				Two Quarters Ended
	Mar 28, 2021		Mar 29, 2020		Mar 28, 2021		Mar 29, 2020
Net earnings attributable to Starbucks	$	659.4	$	328.4	$	1,281.6	$	1,214.1
Weighted average common shares outstanding (for basic calculation)	1,177.5		1,171.8		1,176.3		1,176.1
Dilutive effect of outstanding common stock options and RSUs	7.3		8.9		7.6		9.7
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,184.8		1,180.7		1,183.9		1,185.8
EPS — basic	$	0.56	$	0.28	$	1.09	$	1.03
EPS — diluted	$	0.56	$	0.28	$	1.08	$	1.02

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 March 28, 2021 and March 29, 2020, we had no out-of-the-money stock options