BNET Industries
Starbucks Corp. (SBUX) is in the Food Industry
- Revenue
- Sep 30 2007
- $9.4B
- Profit
- Sep 30 2007
- $672.6M
- Market Cap
- May 08 2008
- $11.5B
Latest News and Analysis
Home Depot to Close 15 Stores, Curb Openings
By Karen Jacobs ATLANTA (Reuters) - Retailer Home Depot Inc (HD), which has been battered by the slumping housing market, on Thursday said it plans to close 15 underperforming U.S. stores and will curb future openings, sending its shares up more than 5...
Starbucks to Slash U.S. Store Openings Through 2011
By Lisa Baertlein LOS ANGELES (Reuters) - Starbucks Corp (SBUX) said on Wednesday it would slash U.S. coffee store openings through 2011 as it adjusts to slower U.S. growth and turns its focus to expanding newer international markets. The company, which warned last...
Starbucks Unveils New Drinks, Reports Weak Earnings
Few foodservice outfits could introduce new products and get the kind of attention Starbucks is getting for its introduction, first reported by the Wall Street Journal, of a fresh-fruit smoothie and a "sweet, ice beverage" developed with the help of "an Italian company." Neither the names nor...
Starbucks Profit Falls as Consumer Weakens
LOS ANGELES (Reuters) - Starbucks Corp (SBUX) on Wednesday reported a 28 percent drop in quarterly profit and announced plans to further cut U.S. store openings, but said it sees international business margins improving. The coffee shop chain, which is struggling to turn...
Starbucks Slashes Outlook, Blames Housing Meltdown
By Lisa Baertlein and Nichola Groom LOS ANGELES (Reuters) - Starbucks Corp said on Wednesday it was the latest victim of the U.S. mortgage meltdown. Blaming hard-hit housing markets of California and Florida for slowing sales, the coffee shop chain slashed its quarterly ...
Starbucks' Tip Dilemma: Update
Starbucks' Tip Dilemma: UpdateIt's Not That Clear CutI read all the responses about the tip jar settlement but it was never clear whether a lawyer was consulted by a disgruntled employee or a lawyer went looking for the case.That notwithstanding, the whole subject of tips and how they are distributed...
Starbucks' Tip Dilemma: Update
Our poll on whether or not it was acceptable for Starbucks to share its tip pool with supervisors generated some interesting comments, including several from a reader named Robert Chenault. While this poll was not about frivolous lawsuits brought by money-hungry attorneys or the integrity of Starbucks CEO Howard Schultz...
Starbucks' Tip Dilemma
Starbucks' Tip DilemmaBe RighteousIf they really do pay everyone working there a salary then do away with tips entirely.When did the tipping rules change?I might come across as an old "fuddy-duddy" (or "old fart" to you younger folk), but when did we start tipping people who work a counter and...
Starbucks' Tip Dilemma
Today's Ethics Poll: Starbucks and the Distribution of Tips. Last week, a California judge awarded $105 million in a class-action lawsuit against Starbucks because the company had wrongly allowed supervisors to share in the tips left by customers. Now, a former Starbucks employee in Massachusetts has filed...
Cautionary Tale: How Starbucks Lost Its Edge
Cautionary Tale: How Starbucks Lost Its EdgeRE: Cautionary Tale: How Starbucks Lost Its EdgeNatural occurrence. This happens to any organization as it goes through its life cycle. Can it be reversed? Maybe. If it returns to a management of coffee nerds instead of professional managers or legume enumerators and can...
Cautionary Tale: How Starbucks Lost Its Edge
Howard Shultz is seeking to revitalize Starbucks now that he has come back in as chief executive officer. He says the reason he's coming back in is not because of competition from McDonald's or Dunkin Donuts. It relates to internal challenges. Here's some of what he said: ...
Starbucks Closure Good for Getting Press, Bad for Sending Positive Message
Following up on the Catching Flack post about Starbucks' 3-hour closure to train staff on making a better cup of coffee: a new study out reports that while most consumers knew about the closure, few knew why Starbucks had closed. Advertising Age reports that a study by...
Was Starbucks' Closure a Publicity Stunt?
Was Starbucks' Closure a Publicity Stunt?Was Starbucks' Closure a Publicity Stunt?What do I think? I think Starbucks is full o' crap. Listen, the no-talent hacks -- 'scuse me, "baristas" -- they hire hardly have to do anything except rake in money, because S'bucks espresso systems are so automated. What more...
Was Starbucks' Closure a Publicity Stunt?
Last week, Starbucks closed its stores for a three-hour training session for its coffee-making baristas, to give them a "refresher course" in making a "perfect" cup of coffee. Was this a publicity stunt or a just a widely reported but real (and necessary) company training program? ...
Why Selling Should Drive the Company.
As I expected, there were many complaints about my post stating that the sales function should drive the company. In most cases, these complaints promoted a deeply dysfunctional view of how businesses work. For example, "Lee Feldman" wrote: Business exists in order to produce a product...
Is Ronald McDonald Drinking Too Much Caffeine?
Is Ronald McDonald Drinking Too Much Caffeine?RE: Is Ronald McDonald Drinking Too Much Caffeine?McDonald's has been doing this in other countries for several years. When I was in Australia in 2000, I saw plenty of McCafes but no Starbucks. I'm surprised it took them this long to try this in...
Is Ronald McDonald Drinking Too Much Caffeine?
When McDonald's announced last week it would open mini coffee bars and serve cappuccinos, lattes, and other drinks at many locations, some analysts viewed the move as a potential death threat to Starbucks. (Starbucks may have agreed with this assessment, as it brought back founder Howard Schultz as CEO.) ...
Starbucks: What Went Wrong at The Top?
Starbucks: What Went Wrong at The Top?StarbucksWhat are the odds of following a wildly successful founder, entrepreneur and maintaining either the street buzz or the meteoric rise? The law of big numbers was going to eventually catch up and you can’t fuel a fad forever. Shultz will weather the market...
Starbucks: What Went Wrong at The Top?
It ain't supposed to work this way. Howard Shultz launched Starbucks Coffee and eventually brought in Jim Donald, first as head of the company's North American business and then in 2005 as president and chief executive, Donald's elevation to the CEO's job allowed Shultz to retreat from the frontlines to...
What a Difference a Dime Makes
Starbucks hiked its coffee prices nine cents in July to account for rising costs. Was it a good move? Cash-strapped consumers are saying no, and so are the financials. Although the company's profits increased, it lowered forecasts after a brief, "whoops!" and "we didn't see it coming" vis a vis...
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- Incorporated: 1985
- CEO: Mr. Howard Schultz
Starbucks purchases and roasts whole bean coffees and sells them, along with brewed coffees, Italian-style espresso beverages, cold blended beverages, an array of complementary food items, coffee-related accessories and equipment, a selection of teas and a line of compact discs, mainly through its company-operated retail stores. At Sep 30 2007, Co. had three reportable operating segments: U.S., International and Global Consumer Products Group. At Sep 30 2007, Co.'s total stores amounted to 15,011 consisting of 8,505 company-operated stores and 6,506 licensed stores. Co.'s brands include Frappuccino®, Tazo®, Starbucks Hear Music®, Seattle's Best Coffee® and Torrefazione Italia®.
Starbucks Corp. Company Info
Board of Directors
Mr. Howard Schultz
Chairman
Ms. Barbara Bass
Mr. William W. Bradley
Mr. Olden Lee
Ms. Mellody Hobson
Mr. James G. Shennan Jr.
Mr. Javier G. Teruel
Mr. Myron E. Ullman III
Mr. Craig E. Weatherup
Contact Information
2401 Utah Avenue South
Seattle, WA
206 447-1575
NAICS Code
Snack and Nonalcoholic Beverage Bars: 722213
