Starbucks Investor Presentation — June 2018

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PRESIDENT AND CHIEF EXECUTIVE OFFICER

Oppenheimer Consumer Conference

June 19, 2018FORWARD LOOKING STATEMENTS

This presentation contains forward -looking statements. Forward -looking statements are subject to

various risks and uncertainties that could cause our actual results to differ materially from these

statements, and should be considered in conjunction with cautionary statements and risk factor discussions in our filings with the SEC, including our last annual report on Form 10K and subsequent reports on Form 10Q. Starbucks assumes no obligation to update any of these forward -looking

statements or information.

Please refer to the appendix of this presentation and to the Investor Relations section of our website at

investor.starbucks.com to find reconciliations of non -GAAP financial measures noted in this presentation

with their corresponding GAAP measures.28,000

PARTNERS3-Year Financial Track Record

Strong Historical Growth Profile

(Q2 FY15 to Q2 FY18)

Capital Returned to Shareholders ~$12B

[1] CAGR calculated on non -GAAP EPS measures. A reconciliation of GAAP

to non -GAAP earnings per share can be found at the end of this presentationStreamline

RETAIL MARKET ALIGNMENT BUSINESS SIMPLIFICATION GLOBAL COFFEE ALLIANCE

CONVERTED TO LICENSED

Closed Teavana retail stores

Transitioned e -commerce site

Growth MarketsAccelerate

Global GrowthOperating Margin

Actively exploring strategic options

in other appropriate markets

East ChinaOur Strategic Priorities

3Accelerate growth in our targeted, long -term growth markets –

•Extend and amplify our digital advantage

•Modernize and elevate the Third Place experience

Expand the global reach of the Starbucks brand

leveraging the Global Coffee Alliance

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