The BusinessWeek 50 Ranking
33
Starbucks
The Seattle company got a lot of mileage out of the multiplatinum Ray Charles CD Genius Loves Company, which it helped market and produce. That signaled a broad music initiative that gets Starbucks into everything from downloads at in-store media bars to the production and distribution of new music. But Starbucks still makes most of its money selling caffeine to the masses. Net income soared 42% in the past 12 months. Future profit growth could be hurt by rising costs of coffee and wages.
Company Info
| 2004 Rank | 25 |
| STOCK INFO | SBUX |
| Market Value | $20.9 BILLION |
| Total Return | (1-yr.) 38.5%
(3-yr.) 125.2% |
| 2004 sales | $5.6 BILLION |
| Sales Growth | (1-yr.) 29%
(3-yr.) 26.1% |
| Net income | $424.8 MILLION |
| Net Income Growth | (1-yr.) 42%
(3-yr.) 29.1% |
| Net Margin* | 7.6% |
| Return on Equity* | 15.2% |
| Industry | HOTELS, RESTAURANTS & LEISURE |
| CORPORATE WEB SITE | |
More in S&P 500 Companies Scoreboard >
*Trailing 12 months
Company data as of 2/28/05 provided by Standard & Poor's Compustat
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Company Snapshot
Starbucks Corporation engages in purchasing, roasting, and selling whole bean coffees worldwide. The company also sells brewed coffees, espresso beverages, cold blended beverages, food items, teas, branded coffee drinks, a line of ice creams, and a line of compact discs through its retail stores. In addition, its stores offer pastries, sodas, juices, games, and seasonal novelty items, as well as coffee-related accessories and equipment, such as coffee grinders, coffeemakers, coffee filters, storage containers, travel tumblers, and mugs. Starbucks operates retail stores primarily in the United States, Canada, the United Kingdom, Australia, Singapore, and Thailand. As of January 27, 2005, the company had 8,700 outlets worldwide. Starbucks was founded by Howard Schultz in 1985 under the name Il Giornale Coffee Company and changed its name to Starbucks Corporation in 1987. The company is headquartered in Seattle, Washington.
No. of Employees
NA
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