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PRESS RELEASE: Starbucks Spotlights Record Financial Performance Driven through the Lens of Humanity at Agenda-Setting Annual Meeting of Shareholders
Members of the media, find additional photo and video assets here
Howard Schultz – chairman and chief executive officer
(Acknowledges international business partners, veterans and military spouses, Starbucks Armed Forces Network, Starbucks College Achievement Plan students, and Starbucks partners (employees) in attendance with 2,800 at McCaw Hall in Seattle)
23 years ago, at the time of our IPO, we had 125 stores and a market cap of $250 Million. Today there are 22,000 stores in 66 countries. Starbucks has reached a record high market cap of $70 Billion and stock price growth of 1,200% and 13x shareholder growth since 2008.
Over the years Starbucks has had five 2-for-1 stock splits. The Starbucks Board has approved our sixth 2-for-1 stock split for our shareholders since we went public.
PRESS RELEASE: Starbucks Announces 2-for-1 Stock Split, its Sixth Split since Initial Public Offering
Partner investments – Financial performance of our company and building shareholder value is linked to creating value for our people: over $233 Million invested in health care benefits for our partners (employees); over $210 Million in Bean Stock gains, and more than $1.2 Billion since inception of the program. $73 Million matched this year in 401k contributions.
Starbucks College Achievement Plan – Nearly 2,000 partners enrolled, and today we are announcing our goal to graduate 25,000 partners by 2025.
Veterans hiring initiative – Starbucks is committed to hiring 10,000 veterans and military spouses by 2018 and has already hired 3,300.
10:42 AM
Scott Maw – chief financial officer
2014 represented another record year for Starbucks coffee company by every relevant measure. We saw records in revenue, cash flows, and operating margin and our shareholders benefited from this performance in a significant way. Importantly, we have
Members of the media, find additional photo and video assets here
Howard Schultz – chairman and chief executive officer
(Acknowledges international business partners, veterans and military spouses, Starbucks Armed Forces Network, Starbucks College Achievement Plan students, and Starbucks partners (employees) in attendance with 2,800 at McCaw Hall in Seattle)
23 years ago, at the time of our IPO, we had 125 stores and a market cap of $250 Million. Today there are 22,000 stores in 66 countries. Starbucks has reached a record high market cap of $70 Billion and stock price growth of 1,200% and 13x shareholder growth since 2008.
Over the years Starbucks has had five 2-for-1 stock splits. The Starbucks Board has approved our sixth 2-for-1 stock split for our shareholders since we went public.
PRESS RELEASE: Starbucks Announces 2-for-1 Stock Split, its Sixth Split since Initial Public Offering
Partner investments – Financial performance of our company and building shareholder value is linked to creating value for our people: over $233 Million invested in health care benefits for our partners (employees); over $210 Million in Bean Stock gains, and more than $1.2 Billion since inception of the program. $73 Million matched this year in 401k contributions.
Starbucks College Achievement Plan – Nearly 2,000 partners enrolled, and today we are announcing our goal to graduate 25,000 partners by 2025.
Veterans hiring initiative – Starbucks is committed to hiring 10,000 veterans and military spouses by 2018 and has already hired 3,300.
10:42 AM
Scott Maw – chief financial officer
2014 represented another record year for Starbucks coffee company by every relevant measure. We saw records in revenue, cash flows, and operating margin and our shareholders benefited from this performance in a significant way. Importantly, we have