Starbucks

Starbucks Corporation
Company typePublic
ISINUS8552441094 Edit this on Wikidata
IndustryCoffee shop
FoundedMarch 30, 1971 (1971-03-30), in Pike Place Market, Elliott Bay, Seattle, Washington, U.S.
Founders
HeadquartersStarbucks Center,
Seattle
,
U.S.
Number of locations
40,199 (2024)
Area served
87 countries
Key people
Products
  • Coffee beverages
  • smoothies
  • tea
  • baked goods
  • sandwiches
RevenueIncrease US$36.18 billion (2024)
Decrease US$5.409 billion (2024)
Decrease US$3.761 billion (2024)
Total assetsIncrease US$31.34 billion (2024)
Total equityNegative increase US$−7.45 billion (2024)
Number of employees
c. 361,000 (2024)
Subsidiaries
Websitestarbucks.com
Footnotes / references
Financials as of September 29, 2024.
References:[1][2][3]
A Starbucks at the Fulham Broadway tube station in London, England.
Interior of the Pike Place Market location in 1977
Howard Schultz was chief executive from 1986 to 2000, and again from 2008 to 2017

Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle's Pike Place Market initially as a coffee bean wholesaler. Starbucks was converted into a coffee shop serving espresso-based drinks under the ownership of Howard Schultz, who was chief executive officer from 1986 to 2000 and led the aggressive expansion of the franchise across the West Coast of the United States.

As of November 2022, the company had 35,711 stores in 80 countries, 15,873 of which were located in the United States. Of Starbucks' U.S.-based stores, over 8,900 are company-operated, while the remainder are licensed.[4] It is currently the world's largest coffeehouse chain. The company is ranked 120th on the Fortune 500[5] and 303rd on the Forbes Global 2000,[6] as of 2022.

The rise of the second wave of coffee culture is generally attributed to Starbucks, which introduced a wider variety of coffee experiences. Starbucks serves hot and cold drinks, whole-bean coffee, micro-ground instant coffee, espresso, caffe latte, full and loose-leaf teas, juices, Frappuccino beverages, pastries, and snacks. Some offerings are seasonal or specific to the locality of the store. Depending on the country, most locations provide free Wi-Fi Internet access. The company has been subject to multiple controversies related to its business practices. Conversely, its franchise has commanded substantial brand loyalty, market share, and company value.

  1. ^ Kavilanz, Parija (January 5, 2011). "Starbucks unveils a new logo". CNN.
  2. ^ "Starbucks Corporation FY 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. November 20, 2024. Retrieved November 26, 2024.
  3. ^ "Starbucks Coffee Company - Financials - Quarterly Results and Supplemental Data".
  4. ^ "Starbucks stores: U.S. and international". Statista. Retrieved November 29, 2021.
  5. ^ "Fortune 500: Starbucks". Fortune.
  6. ^ "Starbucks". Forbes.

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