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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.
Donald joined Starbucks in 2002 as president of the North American division. Donald replaced Orin C. Smith as CEO on April 1, 2005. [7] In January 2008, Donald was replaced by Howard Schultz. [8] During his tenure, Starbucks enjoyed record growth, including five straight years of 20%+ annual earnings increases. [9]
On August 13, 2024, Niccol was named the incoming chairman and chief executive officer of Starbucks. [34] [35] [36] Niccol replaced Mellody Hobson as the chairman and Laxman Narasimhan as the CEO. [2] On the day of the announcement, shares of Starbucks gained 24.5%. [36] Niccol received a starting salary of $1.6 million and a $10 million ...
Starbucks' normalized earnings per share grew at an average rate of 19.9% per year from 2001 until today. That's far faster than what other fast-food outlets like McDonald's ( NYS: MCD ) or Yum!
Starbucks has approximately 16,000 employees working in corporate support, roasting, distribution, warehousing and store development, including 10,000 in the U.S. and 6,000 in other countries.
This was the first full quarter under CEO Brian Niccol, who took the helm on Sept. 9. ... Molly Liu, who served as co-CEO with Wong, will lead the business with the title of Starbucks China CEO.
Starbucks began moving its administrative offices to the old Sears building in 1993. [7] On June 20, 1997, the coffeehouse chain moved its headquarters to the SoDo Center, became the building's primary tenant, and secured the naming rights. [8] [9] [10] Accordingly, the building's name was duly changed from the SoDo Center to the Starbucks ...
Starbucks (SBUX) is doubling down on cold, which is, well, super hot right now. Its US cold beverage biz reached 75% of total drink sales in the company's fiscal third quarter results .