Starbucks Financial Report Breakdown Essay
Starbucks Coffee Company
Starbucks has grown into a common household name with storefronts all over the world. Currently, there are more than 17,000 coffee shops in more than fifty countries. Starbucks not only offers their customers coffee, but coffee beans, accessories, teas, brewers, music and food; all of which contribute to their financial success. Starbucks storefronts are now seen inside grocery stores as well, allowing the shopper browse the aisles while sipping a caffeinated beverage.
Starbucks also draws its followers and loyal customers by promoting themselves as being an environmental conscious company. Their goal is to have 100% recyclable or reusable cups by 2015. Starbucks is in the …show more content…
SBUX: Information on Potential Investors and Employee’s
All of the information above is important to potential investors, executive officers, employees, creditors, and vendors. Potential investors will review this type of information to decipher the strength of the company; and to decide whether they want to invest their own money into Starbucks Coffee Company. Executive officers use the financial statements and notes on a daily basis when making decisions for the company. Executive officers review past information and trends to see what needs to be done different, or kept the same in the next accounting cycle. For example, Starbucks recently had to close down some stores in 2011 because they had opened too many stores in the years before. The executive officers learned to open stores at a less frequent rate in the following years.
The financial statements are also important to Starbucks employees; Starbucks employees have a special benefit option to purchase Starbucks Coffee Company