How Big is Starbucks Company?

Starbucks, a name synonymous with coffee, is a global powerhouse that has revolutionized the coffee industry. But how big is Starbucks really? In this comprehensive guide, we’ll delve deep into the heart of Starbucks, exploring its size in terms of net worth, number of stores, annual revenue, and workforce. We’ll also discuss its ownership structure, leadership, and the range of products and services it offers.

KEY TAKEAWAYS

Starbucks is a massive global company with a net worth of approximately $140 billion. As of November 2022, it operates 35,711 stores in 80 countries, generates an annual revenue of $35.016 billion, and employs a workforce of 402,000 employees globally. It is a publicly-traded company, owned by shareholders, with a diverse range of product offerings.

Starbucks Net Worth

Firstly, let’s talk about Starbucks’ net worth. The company’s net worth is a clear indicator of its size and success. As of now, Starbucks boasts a net worth of $140 billion. This figure is a testament to the company’s steady growth and dominance in the coffee industry.

Number of Starbucks Stores Worldwide

Starbucks’ global presence is unrivaled. The company operates a whopping 35,711 stores in 80 countries, as of November 2022. This vast network of stores is a testament to Starbucks’ universal appeal and its successful international expansion strategies.

Starbucks Annual Revenue

Starbucks’ annual revenue is another key indicator of its size. As of the twelve months ending June 30, 2023, Starbucks’ annual revenue was $35.016 billion, a 9.48% increase year-over-year. In the fiscal year ending October 2, 2022, Starbucks reported an annual revenue of $32.25 billion, reflecting a 10.98% growth. These figures clearly illustrate Starbucks’ financial strength and its steady growth trajectory.

Starbucks Workforce

The size of Starbucks’ workforce is a reflection of its operational scale. As of 2022, Starbucks employs a massive workforce of 402,000 employees globally. This includes 248,000 employees from company-operated stores.

Ownership and Leadership of Starbucks

Starbucks is a publicly-traded company, owned by its shareholders. The largest shareholder is Vanguard Group, Inc., holding 9.19% of the shares. The leadership structure of Starbucks consists of a Board of Directors and an executive team, with Mellody Hobson as the Board Chair and Laxman Narasimhan as the CEO.

Products and Services Offered by Starbucks

Starbucks offers a wide range of products and services. Its offerings extend beyond coffee to include tea, pastries, snacks, Frappuccino beverages, smoothies, and official merchandise. Furthermore, Starbucks is known for its welcoming and safe ambiance, and most of its locations offer free Wi-Fi access.

Starbucks’ market share has evolved significantly over the years, reflecting its growing dominance in the global coffee industry.

In conclusion, Starbucks is a titan in the coffee industry. Its size, as reflected in its net worth, number of stores, annual revenue, and workforce, is a testament to its success. Starbucks’ growth and dominance are a result of its strong leadership, diverse product offerings, and successful expansion strategies.

Frequently Asked Questions

When was Starbucks founded?

Starbucks was founded on March 31, 1971, in Seattle, Washington.

Who are the founders of Starbucks?

Starbucks was founded by three partners – Jerry Baldwin, Zev Siegl, and Gordon Bowker.

What is the first Starbucks store?

The first Starbucks store opened at 2000 Western Avenue, Seattle, from 1971–1976. Then it was relocated to 1912 Pike Place, where it still operates today.

When did Starbucks go public?

Starbucks went public on June 26, 1992, trading under the ticker symbol “SBUX” on the NASDAQ.

Does Starbucks franchise its stores?

Starbucks does not franchise operations and has no plans to franchise in the foreseeable future. However, in some situations, as in Europe, the Middle East, and Africa, Starbucks operates under a franchising model.