Starbucks - Statistics & Facts

Starbucks - Statistics & Facts

Statistics and facts on Starbucks

Starbucks was founded in Seattle, Washington in 1971 by Jerry Baldwin, Gordon Bowker and Zev Siegl. To begin with, the three partners only sold roasted whole coffee beans, and it was not until they sold the company to employee Howard Schultz in 1987 that the Starbucks we know today really began to take shape. Schultz, still the Chairman and CEO of Starbucks in 2016, began the rapid expansion of the coffee chain. According to Forbes magazine, he was worth an estimated 2.9 billion U.S. dollars in 2016.

The company’s revenue growth also reflects its success: Starbucks’ annual revenue more than tripled in the last ten years, reaching 19.16 billion U.S. dollars in 2015. Still continuing its global expansion, Starbucks increased its number of establishments by around 2,600 during 2015, totaling 23,043 stores by the end of the fiscal year. Well over half of the company’s coffee shops are found in its home country, the United States. A Nielsen Scarborough survey in spring 2015 found that over 34 million Americans had visited a Starbucks within the last 30 days.

As well as having the largest number of stores worldwide within the coffee chain industry, Starbucks also generates by far the most revenue. The company’s closest competitor in 2015 was the UK bassed coffee house chain Costa Coffee. Within the broader quick-service industry, Starbucks was the second most valuable fast food brand worldwide in 2015, second only to global giant McDonald’s.

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