Seattle-based coffeehouse giant Starbucks Coffee Co has revealed in a communique that yesterday [Wednesday] marked its 10th anniversary as a publicly traded company.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Since its initial public offering (IPO) in 1992, Starbucks has reported a 120 months of consecutive positive comparable store sales growth (company-operated stores open for at least 13 months). In 1991, the company launched a stock option programme for all eligible part-time and full-time employees.
Howard Schultz, Starbucks chairman and chief global strategist, said: “”In the early days, there were only a few members of the financial community who believed in our viability and staying power.
“Back then many people would have never dreamed that in ten years we would build a company, which in 1992 had a market capitalisation of approximately US$270m, into a company that today has nearly US$10bn in market capitalisation.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
