Earnings Per Share

6 Months Ended

Apr. 03, 2022

Earnings per Share

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


	Quarter Ended				Two Quarters Ended
	Apr 3, 2022		Mar 28, 2021		Apr 3, 2022		Mar 28, 2021
Net earnings attributable to Starbucks	$	674.5	$	659.4	$	1,490.4	$	1,281.6
Weighted average common shares outstanding (for basic calculation)	1,149.2		1,177.5		1,159.4		1,176.3
Dilutive effect of outstanding common stock options and RSUs	4.7		7.3		5.8		7.6
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,153.9		1,184.8		1,165.2		1,183.9
EPS — basic	$	0.59	$	0.56	$	1.29	$	1.09
EPS — diluted	$	0.58	$	0.56	$	1.28	$	1.08

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 anti-dilutive. As of April 3, 2022 and March 28, 2021, we had an immaterial amount of anti-dilutive stock options and unvested RSUs.