Management excludes the incremental stock-based compensation award granted in the third quarter of fiscal 2018 for reasons discussed above. Shares of the company jumped more than 2% in extended trading. Those new locations include a smaller format cafe with limited seating in Beijing, similar to those developed by Luckin. Sep 29, 2019 . Actual future results may differ materially depending on a variety of factors including, but not limited to, fluctuations in U.S. and international economies and currencies, our ability to preserve, grow, and leverage our brands, potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, contamination, or mislabeling, potential negative effects of material breaches of our information technology systems to the extent we experience a material breach, material failures of our information technology systems, costs associated with, and the successful execution of the company’s initiatives and plans, including the integration the East China business and successful execution of our Global Coffee Alliance with Nestlé, the acceptance of the company’s products by our customers, our ability to obtain financing on acceptable terms, the impact of competition, the prices and availability of coffee, dairy, and other raw materials, the effect of legal proceedings, the effects of changes in U.S. tax law and related guidance and regulations that may be implemented, and other risks detailed in the company filings with the Securities and Exchange Commission, including the “Risk Factors” section of Starbucks Annual Report on Form 10-K for the fiscal year ended September 30, 2018.

Analysts were expecting the coffee chain to report fiscal 2020 earnings of $3.08 per share.In September, Starbucks said that it expects fiscal 2020 earnings to be below its "ongoing growth model of 10%." These statements include statements relating to certain company initiatives, strategies and plans, as well as trends in or expectations regarding our diversified business model, the strength, resilience, momentum, and potential of our business, operations, and brand, the impacts, benefits, goals and expectations of our Streamline-driven initiatives and long-term investments, the execution and anticipated impact of our “Growth at Scale” agenda, with a focus on our two lead growth markets of the U.S. and China, expanding the global reach of the Starbucks brand through our Global Coffee Alliance with Nestlé, increasing shareholder returns, the company's position to deliver predictable and sustainable results, building an enduring company, and the creation of meaningful long-term value for shareholders, the estimated impact of the changes in U.S. tax law, net new stores, outlook, guidance and projections for revenues, earnings per share, operating income, operating margins, comparable store sales, capital expenditures, interest expense, G&A expenses, tax rates, and our fiscal 2020 financial targets, fiscal 2020 guidance and long-term G&A expense guidance. GAAP results in fiscal 2019 and fiscal 2018 include items which are excluded from non-GAAP results. International transaction and integration-related items Q4 Comparable Store Sales Up 5% Globally, Led by 6% Comp Growth in the U.S. and 5% Comp Growth in China The three-day conference held in Chicago was designed to help strengthen leadership capabilities and solidify the foundation of an enduring company. Starbucks raised its full-year forecast for earnings and revenue. Global Net Store Growth of 7% Versus Prior Year, Led by 17% Net Store Growth in China "Our strong performance throughout fiscal 2019 gives us confidence in a robust operating outlook for fiscal 2020," Johnson said in a statement.Starbucks is also expecting to spend about $1.8 billion on capital expenditures.The company expects fiscal 2020 adjusted, or non-GAAP, earnings per share in a range of $3 to $3.05. During the quarter, Starbucks introduced its first new pumpkin coffee drink since the pumpkin spice latte: the pumpkin cream cold brew. Includes ongoing amortization expense of acquired intangible assets associated with the acquisition of our East China joint venture and Starbucks Japan; and the related post-acquisition integration costs, such as incremental information technology and compensation-related costs. This favorability was partially offset by the impact of our ownership changes, including licensing our CPG and Foodservice businesses to Nestlé and the sale of our Tazo brand.

Certain statements contained herein are “forward-looking” statements within the meaning of the applicable securities laws and regulations. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. Effect of exchange rate changes on cash and cash equivalents Restructuring, impairment and optimization costs

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