Susan White

Assignment 6
Past sales growth
2010

2009

2008

2007

9,779.10

10,383.00

9,411.50

7,786.94

2006 Average
6,369.30

-0.05816 0.103225 0.208626 0.222574

11.91%

Sales growth looked up

Yahoo finance
Yahoo finance
Hoovers
Morningstar

4.20%
15.70%
14.08%
5%
9.75%

Sales growth, 1 year

Earnings growth, 5 years
Earnings growth, 1 year
Sales growth, next 3 years

Average of projected and historical growth

0.108258

Forcasted sales using average growth

2010
2011
2012
2013
2014
2015
9,779.10 10837.76 12011.04 13311.33 14752.38 16349.44

2016
2017
2018
18119.4 20080.96 22254.88

Regression sales
2011
12512.23
Slope
Intercept

2012
2013
2014
13453.8 14395.36 15336.93

2015
2016
2017
16278.5 17220.06 18161.63

941.566
-1880977

Note that your first forecastyear may be different (not 2011) - your first year might be 2012
y =mx +b

2019
2020
2021
24664.15 27334.23 30293.38

2018
2019
2020
2021
19103.19 20044.76 20986.33 21927.89

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.90777
R Square
0.824046
Adjusted R Square
0.765395
Standard Error
794.3527
Observations
5
ANOVA
df
Regression
Residual
Total

SS
MS
F
Significance F
1 8865465 8865465 14.04995 0.033154
3 1892989 630996.2
4 10758454

Coefficients
Standard Error t Stat
P-value Lower 95% Upper 95%Lower 95.0%
Upper 95.0%
Intercept -1880977 504151.2 -3.73098 0.033552 -3485411 -276543 -3485411 -276543
X Variable 1 941.566 251.1964 3.748326 0.033154 142.147 1740.985 142.147 1740.985

Upper 95.0%

2006
2007
2008
2009
2010

6369.3
7786.94
9411.5
10383
9779.1

Y range = sales
X range = time

Worldscope - Industrial Template - 10 Yr. Income Statement

Enter Ticker/Key

Recent Price

P/E Ratio

sbux

STARBUCKS CORPORATION
SEDOL:

2842255

Shares Out.:

745

Exchange:

NAS

Market Val:

19,486

Industry Group:
Eating places

Div. Yld.(%)

Total Return 1 Yr.(%)

26.153

26.15

1.53

81.17

Beta

YTD High

27.930

53.71

Ind. Ann Div.

Total Return 5 Yr. (%)

1.36

YTD Low

21.260

40.88

0.10

90.33
Source: Worldscope
Currency:

Scaling Factor : Millions USD

Y2010

Y2009

Y2008

Y2007

Y2006

Y2005

Y2004

Y2003

Y2002

native
Y2001

Net Sales or Revenues

9,779.10

10,383.00

9,411.50

7,786.94

6,369.30

5,294.25

4,075.52

3,288.91

2,648.98

2,169.22

Cost Of Goods Sold

4,301.30

4,590.10

3,975.05

3,153.38

2,578.17

2,166.58

1,664.46

1,334.43

1,099.20

941.62

563.30

604.50

491.24

412.63

367.21

314.05

259.27

221.14

177.09

142.17

Gross Income

4,914.50

5,188.40

4,945.21

4,220.94

3,423.92

2,813.63

2,151.79

1,733.34

1,372.69

1,085.43

Selling, General & Administrative Expenses

3,878.10

4,201.10

3,705.14

3,160.84

2,523.03

2,094.46

1,624.12

1,279.27

1,026.89

815.10

264.40

330.10

294.14

260.09

197.02

171.65

141.35

127.18

93.33

78.37

9,007.10

9,725.80

8,465.56

6,986.93

5,665.43

4,746.73

3,689.21

2,962.02

2,396.50

1,977.27

326.89

252.48

191.95

0.00

0.00

Depreciation, Depletion & Amortization

Other Operating Expenses

Operating Expenses - Total
Operating Income

772.00

657.20

945.94

800.02

703.87

547.52

386.32

Extraordinary Credit - Pretax

26.80

0.00

0.00

0.00

0.00

0.00

0.00

Extraordinary Charge - Pretax

337.90

266.90

#N/A

#N/A

21.20

0.00

0.00

44.00

0.00

#N/A

Non-Operating Interest Income

15.00

9.00

40.62

20.69

17.13

14.54

11.92

9.30

10.77

7.52

Reserves - Increase/Decrease

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Pretax Equity In Earnings

0.00

0.00

0.00

0.00

0.00

0.00

#N/A

#N/A

#N/A

#N/A

(0.20)

0.00

0.00

0.00

21.20

0.00

0.00

(2.94)

(58.79)

475.70

399.30

986.56

820.71

721.00

562.06

398.24

#N/A

#N/A

140.68

41.30

60.60

42.10

11.10

1.30

0.40

0.30

#N/A

#N/A

0.41

2.90

7.20

3.90

2.70

#N/A

#N/A

#N/A

#N/A

#N/A

Pretax Income

437.30

345.90

948.36

812.31

719.70

561.66

397.94

305.55

260.31

140.27

IncomeTaxes

168.40

144.00

383.73

324.77

301.98

231.75

167.99

126.31

107.71

66.01

200.30

214.70

392.03

389.96

325.13

225.03

165.59

125.97

112.60

84.26

26.30

40.40

31.18

12.40

14.11

10.19

8.52

5.81

0.00

0.00

(58.20)

(111.10)

(39.49)

(77.59)

(37.26)

(3.47)

(6.12)

(5.47)

(4.89)

(18.25)

Other Income/Expense - Net

Earnings Before Interest And Taxes (EBIT)
Interest Expense On Debt
Interest Capitalized

Current Domestic IncomeTaxes

Current Foreign IncomeTaxes
Deferred Domestic IncomeTaxes

#N/A

13.36

0.00

Deferred Foreign IncomeTaxes

0.00

0.00

#N/A

#N/A

0.00

#N/A

#N/A

#N/A

#N/A

0.00

Income Tax Credits

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

121.90

113.60

108.01

93.94

76.75

60.66

38.40

35.83

28.62

20.30

After Tax Other Income/Expense

0.00

0.00

#N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Discontinued Operations

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

390.80

315.50

672.64

581.47

494.47

390.56

268.35

215.07

181.21

94.56

Minority Interest
Equity In Earnings

Net Income Before Extra Items/Preferred Div

Extraordinary Items & Gain/Loss Sale Of Assets
Net Income Before Preferred Dividends

0.00

0.00

0.00

390.80

315.50

672.64

(17.21)
564.26

#N/A

0.00

0.00

0.00

0.00

0.00

0.00

494.47

390.56

268.35

215.07

181.21

94.56

Preferred Dividend Requirements

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Net Income Available to Common

390.80

315.50

672.64

581.47

494.47

390.56

268.35

215.07

181.21

94.56