Starbucks Corporation

https://www.starbucks.com/

Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves, headquartered in Seattle, Washington. Founded in 1971, its mission is "To inspire and nurture the human spirit – one person, one cup, and one neighborhood at a time." The company operates as a roaster, marketer, and retailer of specialty coffee.

The company's key offerings include a wide range of hot and cold beverages, such as coffee, tea, espresso, and Frappuccino drinks, alongside whole-bean coffee, micro-ground instant coffee, baked goods, sandwiches, and snacks. Starbucks also provides in-store services like free Wi-Fi in many locations and operates a loyalty program, Starbucks® Rewards. The company targets a premium customer segment, segmenting its market based on geographic location, demographics, behaviors, and psychographics to tailor its products and services.

Starbucks is the world's largest coffeehouse chain, maintaining a strong global market leadership position. Brian Niccol assumed the role of Chairman and CEO in August 2024, and the company has been implementing a "Back to Starbucks" transformation plan focused on enhancing service, menu innovation, and the overall customer experience. In Q2 2026, Starbucks reported revenues of $9.53 billion, an 8.8% increase year-over-year, with global comparable store sales growing by 6.2%. Recent operational changes include ending its 'open-door policy' in January 2025, requiring a purchase for restroom and seating area use, and a 30% menu reduction in February 2025 to streamline operations and cut costs.

Latest updates

CID: 1988