<SEC-DOCUMENT>0001193125-19-196466.txt : 20190906
<SEC-HEADER>0001193125-19-196466.hdr.sgml : 20190906
<ACCEPTANCE-DATETIME>20190718152955
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-19-196466
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20190718

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STARBUCKS CORP
		CENTRAL INDEX KEY:			0000829224
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING & DRINKING PLACES [5810]
		IRS NUMBER:				911325671
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			0929

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 34067
		CITY:			SEATTLE
		STATE:			WA
		ZIP:			98124-1067
		BUSINESS PHONE:		2064471575

	MAIL ADDRESS:	
		STREET 1:		2401 UTAH AVENUE SOUTH
		CITY:			SEATTLE
		STATE:			WA
		ZIP:			98134
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">July&nbsp;18, 2019 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>VIA EDGAR TRANSMISSION </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange
Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Office of
Transportation and Leisure </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, DC
20549 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Starbucks Corporation </B></P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the Quarter Ended March&nbsp;31, 2019 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>Filed April&nbsp;30, 2019 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>File <FONT STYLE="white-space:nowrap">No.&nbsp;000-20322</FONT> </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Division of Corporate Finance: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Starbucks Corporation
(&#147;Starbucks&#148; or the &#147;Company&#148;) has received your letter dated July&nbsp;8, 2019 with respect to the review by the staff (&#147;Staff&#148;) of the Securities and Exchange Commission (the &#147;Commission&#148;) of the
Company&#146;s responses to the Staff&#146;s letter dated May&nbsp;6, 2019 (the &#147;Previous Staff Letter&#148;) regarding the Company&#146;s Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the fiscal quarter ended March&nbsp;31, 2019. For
your convenience, the comments from your July&nbsp;8, 2019 letter are repeated herein, and the Company&#146;s responses are set forth immediately below such comments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the Quarter Ended March</U><U></U><U>&nbsp;31, 2019</U> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Item 1. Financial Statements (unaudited) </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Notes to the
Condensed Consolidated Financial Statements</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Note 2. Revenue Recognition, page 11</U> </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">We note your response to our prior comment number 3 however our comment was not intended to be specific only to
license revenues. As previously requested, please disclose revenue recognized during the reporting period that was included in deferred revenue at the beginning of the period. We note from your footnote that beginning deferred revenue balance for
2019 was $906.6&nbsp;million relating to your stored value card and loyalty program. Please disclose the related amount recognized during the period as well as any amortization of deferred revenue related to the Nestle royalty prepayment that was
included in the beginning 2019 balance. Refer to ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-50-8.</FONT></FONT></FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We appreciate the Staff&#146;s clarification
of the original comment of the Previous Staff Letter to be more broadly applied to all deferred revenue, including stored value cards, our loyalty program and the Nestl&eacute; royalty prepayment. In order to address the Staff&#146;s comment and the
requirements per ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-50-8,</FONT></FONT></FONT> we offer the following considerations: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our deferred revenue balance as of the fiscal quarter ended March&nbsp;31, 2019, consists of two primary components: 1) the approximately $7.0&nbsp;billion of
unamortized upfront payment from the licensing arrangement with Nestl&eacute;, and 2) the approximately $1.2&nbsp;billion of combined unredeemed stored value cards loaded and customer loyalty rewards earned (&#147;Stars&#148;). When considering the
guidance per ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-50-8,</FONT></FONT></FONT> we evaluated these two components individually given their dissimilar patterns of recognition. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">July&nbsp;18, 2019 </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With respect to the unamortized upfront payment from Nestl&eacute;, we disclosed that future revenues will be
recognized on a straight-line basis over the estimated economic life of the arrangement of 40 years. To address the Staff&#146;s comment, we will disclose the amount of amortization of the Nestl&eacute; upfront payment in our Revenue Recognition
footnote beginning with our Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ending September&nbsp;29, 2019. Furthermore, we will expand our disclosures to address the Staff&#146;s comment from Question 3 of the Previous Staff
Letter as follows [changes are emphasized in <B>bold</B>]: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In the fourth quarter of fiscal 2018, we licensed the rights to sell and market
our products in authorized channels to Nestl&eacute;, or the &#147;Global Coffee Alliance,&#148; and received an upfront prepaid royalty. The upfront payment of approximately $7&nbsp;billion was recorded as deferred revenue as we have continuing
performance obligations to support the Global Coffee Alliance, including providing Nestl&eacute; access to certain intellectual properties and products for future resale. The upfront payment will be recognized as other revenue on a straight-line
basis over the estimated economic life of the arrangement of 40 years <B>for the ongoing access to the licenses within the contractual territories. Our obligations to maintain the Starbucks brand and other intellectual properties are generally
constant throughout the term of the arrangement. Therefore, a ratable recognition pattern is reflective of how we satisfy our performance obligations.</B> At September&nbsp;29, 2019, the current and long-term deferred revenue related to the
Nestl&eacute; upfront payment was $XXX.X million and $X.X billion, respectively. <B>During the fiscal year ended September</B><B></B><B>&nbsp;29, 2019, the Company recognized $XXX.X million related to amortization of the upfront Global Coffee
Alliance payment.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For our stored value card and customer loyalty reward programs, a majority of our customers load and repetitively reload funds onto
their cards and/or earn Stars on a frequent basis. The card funds and Stars are also generally redeemed over short timeframes. Therefore, we experience very high intra-quarter volumes as these activities can occur multiple times a day for many
customers. During any given quarter, the gross volume of card and reward activities, and the recognition of associated revenues, which includes the recognition of revenues previously deferred as of the beginning of a fiscal period, greatly exceeds
the unredeemed balances at both the beginning and end of the period. Additionally, once funds are loaded and Stars are earned, they become fungible with the <FONT STYLE="white-space:nowrap">pre-existing</FONT> balances in each customer account;
customers can redeem amounts associated with their account balances at any point in time. Although Stars generally expire after a certain period of time, funds loaded to stored value cards typically do not expire. Beyond tracking card inactivity and
expiration of Stars, we have not established a policy, such as <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">First-In-First-Out</FONT></FONT></FONT> or <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Last-In-Last-Out,</FONT></FONT></FONT> or systematic reporting to determine how much deferred revenue at a fiscal quarter end is effectively redeemed in the subsequent fiscal quarter. We
have not established such a policy as it is not needed to accurately record revenue from redemptions or for estimated breakage in a given quarter. Additionally, we do not require this information to make operational decisions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">When evaluating our disclosures, we considered paragraphs BC341 and BC343 of ASU <FONT STYLE="white-space:nowrap">2014-09</FONT> <B>[Emphasis added]</B>: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">BC341: Users of financial statements explained that they need to understand the relationship between the revenue recognized in a reporting
period and the changes in the balances of the entity&#146;s contract assets and contract liabilities (that is, contract balances) to <B>assess the nature, amount, timing, and uncertainty of revenue and cash flows</B> arising from an entity&#146;s
contracts with customers. [&#133;] </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">BC343: [&#133;] Users of financial statements emphasized that it was critical to them to have
information on the movements in the contract balances presented separately because it would help them understand information about the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">a. The amount of the opening balance of the contract liability balance that <B>will be recognized as revenue during the period </B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">b. The amount of the opening balance of the contract asset that <B>will be transferred to accounts receivable or collected in cash during the
period.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Based on these considerations, beginning with our Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ending
September&nbsp;29, 2019, we will expand the Deferred Revenue section of the Revenue Recognition footnote to provide a tabular disclosure of the deferred revenue balance relating to our stored value card and customer loyalty reward programs in the
format shown below. The new disclosure will provide gross activities during a given period, including the addition of deferred revenue from loading funds and earning Stars and the reduction of deferred revenues due to subsequent redemptions and
breakage recognition. We believe the added disclosure will help users of our financial statements better understand our patterns of revenue recognition and cash flows, including impacts from seasonality. </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">July&nbsp;18, 2019 </P>
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<TD></TD>
<TD></TD>
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<TD VALIGN="bottom"><I>(in millions)</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>September&nbsp;29,&nbsp;2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stored value cards and loyalty program, beginning of period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> XXX.X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue deferred - card activations, card reloads and Stars earned</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">XX,XXX.X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue recognized - card and Stars redemptions and breakage</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">XX,XXX.X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stored value cards and loyalty program, end of period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> XXX.X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">We note your response to comment 5 however our comment was not intended to be specific to license revenues. In
this regard, please revise your revenue footnote to include the disclosures required by ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-65-1(i),</FONT></FONT></FONT> including the related
amounts of the income statement line items affected in the current reporting period by the application of the new revenue standard such as the accounting and reclassification of breakage income. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We appreciate the clarification that the
Staff&#146;s comment 5 of the Previous Staff Letter was intended to address broadly the Company&#146;s revenue streams. With respect to stored value card breakage, we disclose in the Stored Value Cards section of Note 2 that there were no material
impacts to our financial results for the quarter and two quarters ended March&nbsp;31, 2019, including the change in income statement presentation. We concluded that the impacts from adopting ASC 606 were not material even though there was both a
change in income statement presentation and a change in recognition methodology. For the two quarters ended March&nbsp;31, 2019, post-adoption revenue increased by $82&nbsp;million resulting from stored value card breakage, which represented
approximately 0.6% of our total revenue of $12.9&nbsp;billion recorded during the same period. Of the breakage recorded, over 85% related to the Americas Segment and represented less than 0.8% of its revenue for the two quarters ended March&nbsp;31,
2019. The increase in revenue due to breakage was generally offset by a reduction in interest income and other, where stored value card breakage had been previously reported. We also determined that the amount of breakage recognized for the two
quarters ended March&nbsp;31, 2019 would have been lower by approximately $10&nbsp;million, or less than 0.1% of total revenue, if we had applied the previous remote recognition method. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pertaining to our loyalty reward program, the disclosure states that the new guidance does not impact the timing or total revenue recognized, and there were
no other impacts of adoption on either company-operated or licensed store revenues. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As adoption of the new revenue recognition standard did not result in
material changes to any of our financial statement line items, we will revise our Stored Value Cards section of the Revenue Recognition disclosure in our Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ending September&nbsp;29,
2019 to further clarify that there were no material impacts to any financial statement lines presented [changes emphasized in <B>bold</B>] as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Breakage is recognized as company-operated stores and licensed stores revenue within the consolidated statement of earnings. For the fiscal
year ended September&nbsp;29, 2019, we recognized breakage revenue of $XXX.X million in company-operated store revenues and $XX.X million in licensed store revenues, respectively. Prior to fiscal 2019, breakage was recorded using the remote method
and recorded in interest income and other, net. There were no material impacts to <B>our consolidated financial statements </B>for the fiscal year ended September&nbsp;29, 2019, including the change in income statement presentation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In our Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ending September&nbsp;29, 2019, we will also state in our disclosure for Recently
Adopted Accounting Pronouncements that there were no impacts to any of the financial statement line items presented besides those noted for stored value card breakage. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">We note your response to comment 6. Please revise your disclosure to include your explanation of why
recognition of the upfont payment of $7&nbsp;billion on a straight-line basis over the economic life of the arrangement provides a faithful depiction of the transfer of goods or services pursuant to ASC <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-50-18.</FONT></FONT></FONT> </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will expand our disclosures starting with our Form <FONT STYLE="white-space:nowrap">10-K</FONT> filing for the fiscal year ending September&nbsp;29, 2019 as
presented within our response to Question 1 above. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">July&nbsp;18, 2019 </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We appreciate your consideration of our responses provided herein and look forward to hearing from you
regarding any additional comments based upon such responses. Please contact either Jill Walker, senior vice president Corporate Financial Services and chief accounting officer (by telephone at <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">206-318-7267</FONT></FONT> or by email at jwalker@starbucks.com) or the undersigned (by telephone at <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">206-318-3139</FONT></FONT> or by email at
pgrismer@starbucks.com). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


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<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Very truly yours,</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Patrick Grismer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Patrick Grismer</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">executive vice president, chief
financial officer</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="96%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">cc:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Mr.&nbsp;Derek Standifer - Deloitte&nbsp;&amp; Touche LLP, Seattle</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Ms.&nbsp;Rachel Gonzalez, executive vice president, general counsel and secretary</TD></TR>
</TABLE>
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