Starbucks Corporation

Headquarters: Seattle, Washington, USA

Overview: Starbucks Corporation is the largest coffeehouse company in the world, with more than 33,000 stores in over 80 countries. The company is renowned for its coffee products, as well as its commitment to sustainability and its innovative approach to customer experience.

Recent Financial Indicators

In its fiscal year 2022, Starbucks reported a revenue of approximately $32 billion, marking a growth driven by the expansion of stores and increasing demand for its premium coffee and food offerings.

Significant Events

On November 7, 2023, Starbucks made a notable change by eliminating its non-dairy milk surcharge. This decision reflects the company's ongoing commitment to promoting sustainability and offering more inclusive options to its global customer base. By removing the extra cost for non-dairy options like oat, soy, and almond milk, Starbucks aims to encourage customers to make more environmentally friendly choices. This change was part of a broader initiative to reduce the company's carbon footprint and support its broader environmental goals.

Company Plans

Starbucks continues to focus on expanding its global footprint while enhancing its digital capabilities. The company has announced plans to increase its presence in key markets such as China and to further develop its mobile ordering and delivery platforms. Starbucks is also committed to achieving carbon neutrality by 2030, aiming to make significant strides in areas such as sustainable coffee sourcing and waste reduction.

Sources: Starbucks 2022 Annual Report, Press Releases, and industry analysis reports.

Modified: 2025/02/20

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