Starbucks Financial Overview
Starbucks sells around 4 million cups daily. Revenue was $24.6 billion in 2021. Company-owned stores generated 85% of revenue. Licensed stores made $2.68 billion. Baristas earn $12.47 hourly. In 2021, Starbucks used 2.9-2.95 billion cups, 8 million daily. Beverages are 74% of revenue. Food is 21%. Packaged coffee is 1%. Americas account for 70%. Profit exceeds $500 daily per store. In 2020 revenue dropped 28% due to the pandemic. Profitability has likely increased from scale and lower costs. Starbucks wants 20 stores in 5 years from franchisees, generating $2.4 million annually. Buying a licensed Starbucks costs $315,000 on average.
Profitability and Expansion
Starbucks is a global coffee company founded in 1971. It has over 30,000 stores in 80 countries. In 2021, Starbucks had $24.6 billion in revenue. 85% came from 17,133 company-owned stores. Licensed stores generated $2.68 billion. Baristas earn $12.47 per hour. In 2021, Starbucks used 2.9-2.95 billion cups, about 8 million per day. Beverages are 74% of revenue, food is 21%, packaged coffee 1%. Americas account for 70% of revenue. Profit per store exceeds $500 daily. In 2020 revenue dropped 28% due to the pandemic. But profitability has likely increased over time from scale and lower costs. Starbucks wants franchisees to open 20 stores in 5 years, generating $2.4 million annually. Buying a licensed Starbucks costs $315,000 on average.