Segment Reporting

3 Months Ended

Dec. 29, 2024

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Segment information is prepared on the same basis that our chief executive officer, who is our Chief Operating Decision Maker, manages the segments, evaluates financial results, and makes key operating decisions.

Consolidated revenue mix by product type (in millions):

	Quarter Ended
	Dec 29, 2024				Dec 31, 2023
Beverage(1)	$	5,678.0	60	%	$	5,695.9	60	%
Food(2)	1,790.4		19	%	1,757.1		19	%
Other(3)	1,929.4		21	%	1,972.3		21	%
Total	$	9,397.8	100	%	$	9,425.3	100	%

(1)“Beverage” represents sales within our company-operated stores.

(2)“Food” includes sales within our company-operated stores.

(3)“Other” primarily consists of packaged and single-serve coffees and teas, royalty and licensing revenues, beverage-related ingredients, and serveware, among other items.

The tables below present financial information for our reportable operating segments and Corporate and Other (in millions):

Quarter Ended

	North America		International		Channel Development		Corporate and Other		Total
December 29, 2024
Total net revenues	$	7,071.9	$	1,871.3	$	436.3	$	18.3	$	9,397.8
Depreciation and amortization expenses	289.0		89.1		0.0		29.5		407.6
Income/(loss) from equity investees	—		(0.4)		46.9		—		46.5
Operating income/(loss)	$	1,181.3	$	237.1	$	208.0	$	(504.7)	$	1,121.7
December 31, 2023
Total net revenues	$	7,120.7	$	1,846.3	$	448.0	$	10.3	$	9,425.3
Depreciation and amortization expenses	250.4		84.1		—		30.8		365.3
Income/(loss) from equity investees	—		0.2		55.7		—		55.9
Operating income/(loss)	$	1,520.8	$	241.5	$	209.7	$	(486.6)	$	1,485.4