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ABOUT THIS REPORT Scope Previous Reports identify forward-looking statements, COVID-19 or other public health to the extent we experience a Our Global Environmental and Starbucks has produced an annual although not all forward-looking events, the expected effects of material breach; material failures Social Impact report for FY21 global social impact report since statements contain these identifying new accounting pronouncements of our information technology focuses on the goals in our two key 2001. Previous annual reports are words. These statements include and the estimated impact of systems; costs associated with, and social impact areas: People and available on our website. statements relating to trends changes in U.S. tax law, including the successful execution of, the Planet. We’ve also included links to We also respond to key industry in or expectations relating to on tax rates, investments funded Company’s initiatives and plans, information and resources publicly questionnaires such as the Dow the effects of our existing and by these changes and potential including the successful expansion available at stories.starbucks. Jones Sustainability Index and the any future initiatives, strategies outcomes and effects of legal of our Global Coffee Alliance with com and starbucks.com regarding CDP Climate Change, Water and and plans, as well as trends in or proceedings. Such statements Nestlé; our ability to obtain financing financial, corporate governance Forests Questionnaires. expectations regarding our financial are based on currently available on acceptable terms; the acceptance work, workplace and diversity results and long-term growth operating, financial and competitive of the Company’s products by our policies and performance, because model and drivers, the anticipated information and are subject to customers, evolving consumer these commitments are directly Information Integrity timing and effects of recovery various risks and uncertainties. preferences and tastes and changes tied to our business. The geographic Starbucks management is of our business, the conversion Actual future results and trends in consumer spending behavior; scope of all data points in the report responsible for the preparation of several market operations to may differ materially depending on partner investments, changes in are tracked against U.S. company- and integrity of the information fully licensed models, our plans a variety of factors, including, but the availability and cost of labor owned operations unless otherwise reported for fiscal 2021. Through a for streamlining our operations, not limited to: further spread of including any union organizing noted. Starbucks is committed system of internal controls, including including store openings, closures COVID-19 and related disruptions to efforts and our responses to such to United Nations Sustainable a comprehensive verification and changes in store formats and our business; regulatory measures efforts; significant increased logistics Development Goals and uses these process involving internal subject models, expanding our licensing to or voluntary actions that may be costs; inflationary pressures; the goals as a lens for our social impact matter experts, we believe this Nestlé of our consumer packaged put in place to limit the spread of impact of competition; inherent programs and collaborations with information accurately represents goods and Foodservice businesses COVID-19, including restrictions risks of operating a global business; others. Based on our stakeholder our global responsibility activities and its effects on our Channel on business operations or social the prices and availability of coffee, engagement efforts, we also believe and performance results for the Development segment results, tax distancing requirements, and dairy and other raw materials; the these areas are important to our fiscal year. External verification rates, business opportunities and the duration and efficacy of effect of legal proceedings; and the customers, our partners, non- over specified metrics is provided expansion, strategic acquisitions, our such restrictions; the potential effects of changes in tax laws and governmental organizations (NGOs) by Moss Adams LLP and Burns & future relationship with Starbucks for a resurgence of COVID-19 related guidance and regulations and investors. McDonnell Engineering Inc. Coffee Korea Co., Ltd., expenses, infections and the circulation of that may be implemented and other dividends, share repurchases, novel variants of COVID-19 in a risks detailed in the company filings commodity costs and our mitigation given geographic region after it with the Securities and Exchange Reporting Year Forward-Looking Statements strategies, liquidity, cash flow has hit its “peak”; fluctuations in Commission, including in the “Risk Starbucks fiscal year 2021 or “FY21” Our reporting on global from operations, use of cash and U.S. and international economies Factors” and “Management’s is September 28, 2020 through responsibility for fiscal 2021 cash requirements, investments, and currencies; our ability to Discussion and Analysis of Financial October 3, 2021, unless otherwise includes “forward-looking” borrowing capacity and use of preserve, grow and leverage our Condition and Results of Operations” noted. statements within the meaning proceeds, continuing compliance brands; the ability of our business sections of the Company’s most of the applicable securities laws with our covenants under our credit partners and third-party providers recently filed periodic reports on and regulations. Generally, these facilities and commercial paper to fulfill their responsibilities and Form 10-K and Form 10-Q and Currency statements can be identified by program, repatriation of cash to the commitments; potential negative subsequent filings. The company All references to currency are in U.S. the use of words such as “aim,” U.S., the likelihood of the issuance of effects of incidents involving food or assumes no obligation to update any dollars, unless otherwise noted. “anticipate,” “believe,” “continue,” additional debt and the applicable beverage-borne illnesses, tampering, of these forward-looking statements. “could,” “estimate,” “expect,” “feel,” interest rate, the continuing impact adulteration, contamination or “forecast,” “intend,” “may,” “outlook,” of the COVID-19 pandemic on our mislabeling; potential negative Stay Up-to-Date “plan,” “potential,” “predict,” “project,” financial results, future availability effects of material breaches of our “seek,” “should,” “will,” “would,” and of governmental subsidies for information technology systems Follow @starbucksnews on Twitter similar expressions intended to for the latest information.

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