Starbucks Corporation – Company Overview
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| Company | Starbucks Corporation |
| Headquarters | 2401 Utah Avenue South, Seattle, Washington 98134,USA |
| CEO | Howard Schultz |
| CFO | Scott Maw |
| Industry | Restaurants, Coffee house |
| Type | Public |
| Founder | Jerry Baldwin, Zev Siegl and Gordon Bowker |
| Founded | 1971 |
| NASDAQ stock symbol | SBUX |
| Net Revenue | $19,162.7 million USD (2015) |
| Operating income | $3,601 million USD (2015) |
| Net earnings | $2,757.4 million USD (2015) |
| Employees | 238,000(2015) |
| Website | http://www.starbucks.com |
| IR contact number | 206-318-7118 |
| IR email address | [email protected] |
Starbucks Corporation is the largest coffee shop chain in the world, with over 20,000 coffee shops in more than 60 countries. The company is headquartered in Seattle, Washington, USA.
The company was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker. The three opened the first store in Seattle’s Pike Place Market.
Starbucks was sold to former employee Howard Schultz in 1987.
Schultz rebranded his Il Giornale coffee outlets as Starbucks and began expanding to other parts of the country.
In 1992 Starbucks Corporation initiated an initial public offering (IPO) and went public on NASDAQ – at a price of $17 per share.
The company’s vision is “to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time.”
The products that Starbucks coffee shops sell include: fresh-brewed coffee, hot and iced espresso beverages, Frappuccino® coffee and non- coffee blended beverages, Starbucks Refreshers, smoothies and teas, baked pastries, sandwiches, salads, salad and grain bowls, oatmeal, yogurt parfaits and fruit cups, and Starbucks merchandise.
Subsidiaries: Starbucks Coffee Company, Ethos water, Evolution Fresh, Hear Music, La Boulange Bakery, Seattle’s Best Coffee, Tazo, Teavana, Torrefazione Italia
Over 20,000 locations
Starbucks Corporation – Financial Results
| Key figures (in millions of USD) | 2015* | 2014* |
| Net revenues | $19,162.7 | $16,447.8 |
| Operating expenses | $15,811.6 | $13,635 |
| Operating income | $3,601 | $3,081.1 |
| Net earnings | $2,757.4 | $2,068.1 |
| Total assets | $12,446.1 | $10,752.9 |
| Cash and cash equivalents at beginning of period | $1,708.4 | $2,575.7 |
| Cash and cash equivalents at end of period | $1,530.1 | $1,708.4 |
*For the years ended September 27, 2015 and September 28, 2014
Source: “Starbucks Corporation – 2015 Form 10-K”
News about Starbucks Corporation reported by our Market Business News team
December 15, 2015: Starbucks UK paid £8.1 million in corporation tax this year