In the same period the revenue of the brand from the licensed stores was 2.7 Billion dollars. "[W]e believe that these new targets represent performance that we can meet or beat in the years ahead while continuing to deliver best-in-class growth for a global business of our scope and scale," said Johnson.Could Starbucks be setting itself up for another year of missed targets? Global comparable store sales and revenue increased 3% and 5% year over year, respectively, and non-GAAP EPS was $2.06. Inventory write-offs of $11.3 million related to these efforts were recorded within cost of sales including occupancy costs.Represents additional cost incurred associated with the sale of our Germany retail operations.The following errors must be corrected:The following supplemental information is provided for historical and comparative purposes.© 2017 Starbucks Corporation. It said it expected global comparable store sales growth in the mid-single digits, double-digit revenue growth, approximately 2,100 net new stores, and non-GAAP EPS between $2.12 and $2.14.Unfortunately, there was a large gap between management's expectations for the year and actual results. Browse... View Full Chart Revenue (TTM) Chart . Inventory write-offs of $11.3 million related to these efforts were recorded within cost of sales including occupancy costs.To receive notifications via email, enter your email address and select at least one subscription below. Previously, the company forecast EPS in the range of $2.08 to $2.12.Got a confidential news tip? Net new stores in fiscal 2017 were 2,254.Here's a look back at Starbucks' fiscal 2017, as well as a preview of what management expects from fiscal 2018 and beyond.This underperformance notably put Starbucks behind on the five-year strategic plan it announced last December. The deal will cost the company about $1.3 billion and will give Starbucks ownership of 1,300 stores in the region."The slowdown included a lower-than-expected lift in non-discounted Frappuccino beverages following Happy Hour as well as somewhat lower-than-expected sales of other core beverages during the period," the company said."Following a strategic review of the Teavana store business, the company concluded that despite efforts to reverse the trend through creative merchandising and new store designs, the underperformance was likely to continue," the company said in a statement.Shares of the coffee giant fell more than 6 percent following the report.Sign up for free newsletters and get more CNBC delivered to your inboxIn addition, the company said it expects revenue growth will be on the lower end of its previous range of 8 percent to 10 percent.Both deals are set to close by early 2018. Starbucks shares declined in aftermarket trading Thursday after the company posted weaker-than-expected third-quarter revenue and lowered its full-year 2017 forecast. Alongside its fourth-quarter fiscal 2017 results, management laid out some aggressive targets for the future.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

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