Question

In: Operations Management

write a company overview on Starbucks

write a company overview on Starbucks

Solutions

Expert Solution

Starbucks corporation is a company which serves its customers as a limited service cafe. It operates more than 30,000 stores and number of employees stand at 2,91,000 as per the data of 2018.

Mission - To inspire and nurture the human spirit - one person, one cup and one neighborhood at a time.

Products of Starbucks -

  • Coffee - More than 30 blends of premium coffees.
  • Handcrafted beverages - It includes Fresh brewed coffee,  hot and iced espresso beverages, Iced Coffee, Cold Brew, Nitro, Frappuccino coffee and non-coffee blended beverages, Starbucks Refreshers beverages, and Teavana teas.
  • Merchandise - Brewing equipments for tea and coffee, Mugs, T-shirts, books, gifts etc.
  • Fresh Food - Pastries, sandwiches, salads, Burgers, yogurt, fruit cups, oatmeals etc.

Brand Portfolios -

Starbucks includes so many brands in its name. These are:

1. Starbucks Coffee,

2. Seattle's Best coffee,

3. Teavana

4. Evolution Fresh

5. Ethos Water

6. Torrefazione Italia Coffee

Investment Information -

Starbucks lauched its shares for public on June 26, 1992 at a price of $17 per share, and closed the trading at first day at $21.50 per share. It is listed in NASDAQ with the name SBUX.

Company this year in first quarter -

1. Global comparable store sales went up by 5%.

2. 539 new stores were opened in Q1. This takes the total number of stores to 31,795.

3. Consolidated net revenue of the company stood at $7.1 Billion, it is a growth of 7% to the prior year.

4. Earnings per share were captured at $0.74, which is 21% growth to the prior year.

5. Return of $1.6 billions to shareholders in terms of dividends and repurchases.

6. The total liabilities stood at $34,490.4 Million in December 2019.

Above are the listed general overview of the Starbucks Corporation.


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