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Starbucks Corporation is a leading global roaster, marketer, and retailer of specialty coffee, operating in 87 markets worldwide. The company sells high-quality coffees, teas, and other beverages, along with a variety of food items through its company-operated stores. Additionally, Starbucks licenses its trademarks through other channels, such as licensed stores and grocery and foodservice partnerships, primarily through the Global Coffee Alliance with Nestlé .
- Beverages - Offers a wide range of high-quality coffees, teas, and other beverages, which are the primary revenue drivers.
- Food Items - Provides a variety of food options, complementing its beverage offerings.
- Other Products - Includes packaged and single-serve coffees and teas, royalty and licensing revenues, and beverage-related ingredients.
- North America Segment - Encompasses operations in the U.S. and Canada, contributing significantly to the company's overall revenue.
- International Segment - Covers markets such as China, Japan, and Europe, expanding Starbucks' global presence.
- Channel Development Segment - Focuses on packaged coffee and ready-to-drink beverages, extending Starbucks' reach beyond its stores.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Brad Lerman Executive | EVP and Chief Legal Officer | Board Member at McKesson Corporation | Joined Starbucks in 2023. Former General Counsel at Medtronic and Fannie Mae. Leads Starbucks' Legal and Corporate Affairs organization. | |
Brady Brewer Executive | CEO of Starbucks International | None | Joined Starbucks in 2001. Former Chief Marketing Officer and COO of Starbucks Japan. Oversees international operations and global channel development. | |
Brian Niccol Executive | Chairman and CEO | Board Member at Walmart Inc. | Former CEO of Chipotle and Taco Bell, joined Starbucks as Chairman and CEO in 2024. Known for driving growth and innovation in the restaurant industry. | View Report → |
Rachel Ruggeri Executive | EVP and CFO | Board Member at Stryker Corporation | Longtime Starbucks leader, joined in 2001. Promoted to CFO in 2021. Previously held senior finance roles at Starbucks and Continental Mills. | |
Andy Campion Board | Director | Executive Chairman and CEO of Unrivaled Sports; Board Member at Williams-Sonoma, Inc. | Former COO of Nike. Brings expertise in global brand growth, operational excellence, and sustainability. | |
Beth Ford Board | Director | CEO of Land O'Lakes, Inc.; Board Member at Business Roundtable and Columbia University | CEO of Land O'Lakes since 2018. Recognized for leadership in sustainability and agribusiness. | |
Daniel Servitje Board | Director | CEO of Grupo Bimbo; Chair of Corporación Aura Solar | CEO of Grupo Bimbo since 1997. Leads the world’s largest baking company. Focused on sustainability and global business growth. | |
Jørgen Vig Knudstorp Board | Director | Special Partner at KIRKBI Group; Chair of BrainPOP & KIRKBI Education | Former CEO of LEGO Group. Known for brand development and sustainability efforts. | |
Mellody Hobson Board | Chair of the Board (through 2025 AGM) | Co-CEO of Ariel Investments; Board Member at JPMorgan Chase & Co. | Chair of Starbucks since 2021. Known for her expertise in corporate governance and financial markets. Will step down after the 2025 Annual Meeting of Shareholders. | |
Mike Sievert Board | Director | CEO of T-Mobile US, Inc. | CEO of T-Mobile since 2020. Known for leading the Sprint merger and expanding T-Mobile's 5G network. | |
Neal Mohan Board | Director | CEO of YouTube; Board Member at 23andMe Holding Co. | CEO of YouTube since 2023. Former Chief Product Officer at YouTube and SVP at Google. Brings expertise in digital marketing and innovation. | |
Ritch Allison Board | Director | Board Member at Kenvue, Inc. | Former CEO of Domino's Pizza. Expanded Domino's into 20+ countries and grew its global footprint. | |
Wei Zhang Board | Director | Board Member at Ralph Lauren Corporation | Former President of Alibaba Pictures Group. Brings expertise in global operations, e-commerce, and digital transformation. |
- You emphasized the need to ensure high-quality, handcrafted beverages are prepared quickly and handed directly to customers by baristas; how do you plan to address staffing issues and bottlenecks to improve operational efficiency during peak hours?
- With the acknowledgment that Mobile Order & Pay has been overwhelming the café experience, what specific strategies are you implementing to refine this service without compromising customer convenience?
- You mentioned the necessity to fix your pricing architecture and simplify an overly complex menu; how will these changes impact your product offerings and the overall customer perception of value?
- Given the challenges in returning Starbucks China to growth and improving international business performance, what are your plans to address these international market issues, and what timelines are you anticipating for improvement?
- You stated that focusing on Starbucks Rewards customers has led to neglecting communication with all customers; how will your marketing approach change to re-engage with the broader customer base, and what metrics will you use to measure success?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
23.5 Degrees Topco Limited | 2025 | Starbucks acquired 100% ownership in 23.5 Degrees Topco Limited in Q1 fiscal 2025, converting 113 licensed stores to company-operated stores. The deal involved assets such as operating lease rights, intangibles, goodwill (adding $108.1 million), and property, plant, and equipment, contributing $27 million in incremental revenue without materially impacting consolidated financials. |
Evolution Fresh | 2022 | In May 2022, Starbucks agreed to sell the Evolution Fresh brand to Bolthouse Farms, with the transaction closing on August 1, 2022, and continued to sell its products in U.S. stores. This acquisition did not have a material impact on Starbucks’ consolidated financial statements. |
Recent developments and announcements about SBUX.
Earnings
New Earnings (Q1 2025)
·Jan 29, 2025, 5:34 AMView full earnings summary →Starbucks logs Q1 2025 gains with 150 bps margin expansion from operational efficiencies. Plans to double U.S. store count, fueling growth potential, while shifting from discounts lifts ticket 4%. Near-term EPS pressured by higher G&A and investments.
8-K Filings
8-K Filing
·Mar 4, 2025, 2:16 PMShareholder VoteView full 8-K filing →Starbucks filed its 8‑K reporting outcomes from the 2025 Annual Meeting. Shareholders rejected proposals on independent board chair, human rights, cage‑free eggs and emissions reporting, while electing nine directors and approving exec comp (694M–112M vote).