Starbucks in Canada - additional information
Starbucks is the leading coffee chain worldwide in terms of both revenue and store numbers. The company was founded in Seattle, Washington in 1971 and opened its first Canadian store in Vancouver in 1987. As of 2016, there were 1,399 Starbucks stores open in Canada.
Despite being the largest coffee chain worldwide, in Canada, Starbucks is second to the country’s own coffee chain, Tim Hortons, which has more than 3.8 thousand stores there. On a global scale, Tim Hortons is Starbucks’ closest competitor within the coffee chain segment, but the Canadian chain still has a long way to go to catch up with Starbucks in terms of revenue. In 2016, Starbucks’ global revenue amounted to 21.32 billion U.S. dollars, about five times that of Tim Hortons.
Tim Hortons was acquired by Burger King to form Restaurant Brands International in December 2014. Restaurant Brands International is now one of the largest fast food companies worldwide, and may facilitate the international expansion Tim Hortons needs to truly compete with Starbucks.
Canada is just one of Starbucks’ many international locations – the company has properties in more than 60 countries across the globe. Outside the U.S. and Canada, the country with the largest number of Starbucks stores is China. In 2016, there were 25,085 Starbucks stores worldwide.