Starbucks

Starbucks Corporation

Logo since 2011
Headquarters at Starbucks Center in Seattle, Washington
Company type	Public
Traded as	Nasdaq: SBUX Nasdaq-100 component S&P 100 component S&P 500 component
ISIN	US8552441094
Industry	Coffee shop
Founded	March 30, 1971; 53 years ago (1971-03-30), in Pike Place Market, Elliott Bay, Seattle, Washington, U.S.
Founders	Jerry Baldwin Zev Siegl Gordon Bowker
Headquarters	Starbucks Center, Seattle , U.S.
Number of locations	38,038 (2023)
Area served	86 countries
Key people	Howard Schultz (chairman emeritus) Brian Niccol (chairman and CEO)
Products	Coffee beverages smoothies tea baked goods sandwiches
Revenue	US$35.98 billion (2023)
Operating income	US$5.871 billion (2023)
Net income	US$4.125 billion (2023)
Total assets	US$29.45 billion (2023)
Total equity	US$−7.99 billion (2023)
Number of employees	c. 381,000 (2023)
Subsidiaries	Starbucks Coffee Ethos Water Hear Music La Boulange Bakery Teavana Torrefazione Italia Tata Starbucks (India)
Website	starbucks.com
Footnotes / references Financials as of October 1, 2023[update]. References:[1][2][3]

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,^[update] 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.