Q4 FY21 Quarterly Reconciliation of Selected GAAP to Non-GAAP Measures

RECONCILIATION OF SELECTED SEGMENT GAAP MEASURES TO NON-GAAP MEASURES

(unaudited)

	Quarter	Ended
	Oct 3,		Sep 27,
	2021		2020
	(14 Weeks Ended)		(13 Weeks Ended)		Change
North America
North America operating margin/(loss), as reported (GAAP)	21.8 %		12.0 %		980 bps
Restructuring and impairment costs (1)	0.7		4.6
North America non-GAAP operating margin/(loss)	22.5 %		16.6 %		590 bps
International
International operating margin/(loss), as reported (GAAP)	19.7 %		12.0 %		770 bps
Integration costs (2)	3.1		4.2
International non-GAAP operating margin/(loss)	22.8 %		16.2 %		660 bps
Channel Development
Channel Development operating margin, as reported (GAAP)	50.1 %		42.7 %		740 bps
Nestlé transaction and integration-related costs	0.1		-
Channel Development non-GAAP operating margin	50.2 %		42.7 %		750 bps

1. Represents costs associated with our restructuring efforts, primarily lease exit costs and asset impairments.
2. Includes amortization expense of acquired intangible assets associated with the acquisition of East China and Starbucks Japan and the related post-acquisition integration costs, such as incremental information technology and compensation- related costs.