Starbucks Corporation – Company Information

Starbucks Corporation – Company Overview

Starbucks Corporation Logo
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)
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

Starbucks Corporation – Live Stock Market Data