Segment Reporting

3 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Segment information is prepared on the same basis that our chief executive officer, who is our chief operating decision maker, manages the segments, evaluates financial results, and makes key operating decisions.

Consolidated revenue mix by product type (in millions):

	Quarter Ended
	Dec 31, 2023				Jan 1, 2023
Beverage(1)	$	5,695.9	60	%	$	5,173.0	59	%
Food(2)	1,757.1		19	%	1,565.9		18	%
Other(3)	1,972.3		21	%	1,975.0		23	%
Total	$	9,425.3	100	%	$	8,713.9	100	%

(1)“Beverage” represents sales within our company-operated stores.

(2)“Food” includes sales within our company-operated stores.

(3)“Other” primarily consists of packaged and single-serve coffees and teas, royalty and licensing revenues, serveware, and beverage-related ingredients, among other items.

The tables below present financial information for our reportable operating segments and Corporate and Other segment (in millions):

Quarter Ended

	North America		International		Channel Development		Corporate and Other		Total
December 31, 2023
Total net revenues	$	7,120.7	$	1,846.3	$	448.0	$	10.3	$	9,425.3
Depreciation and amortization expenses	250.4		84.1		—		30.8		365.3
Income from equity investees	—		0.2		55.7		—		55.9
Operating income/(loss)	$	1,520.8	$	241.5	$	209.7	$	(486.6)	$	1,485.4
January 1, 2023
Total net revenues	$	6,551.3	$	1,680.1	$	478.2	$	4.3	$	8,713.9
Depreciation and amortization expenses	216.9		81.5		—		28.7		327.1
Income from equity investees	—		0.5		57.3		—		57.8
Operating income/(loss)	$	1,212.4	$	240.4	$	226.3	$	(426.0)	$	1,253.1