Hoover's Online Report Builder
Starbucks Corporation (NASDAQ: SBUX)
Copyright 2005, Hoover's, Inc., ALL RIGHTS RESERVED
Report Builder Results − Starbucks Corporation − Hoover's Online
Table of Contents
The Basics................................................................................................................................................................................1
Key Numbers..............................................................................................................................................................1
Financial Overview.....................................................................................................................................................1
Officers & Employees.................................................................................................................................................1
Board Members...........................................................................................................................................................4
Industry Information...................................................................................................................................................5
SIC Codes....................................................................................................................................................................5
NAICS Codes..............................................................................................................................................................5
Top Competitors..........................................................................................................................................................5
All Competitors...........................................................................................................................................................5
Rankings......................................................................................................................................................................6
Biographies.............................................................................................................................................................................7
Howard D. Schultz, Age 51........................................................................................................................................7
James L. (Jim) Donald, Age 50...................................................................................................................................7
Martin Coles, Age 51..................................................................................................................................................8
James C. (Jim) Alling, Age 43....................................................................................................................................8
Michael Casey, Age 59...............................................................................................................................................8
Paula E. Boggs, Age 45...............................................................................................................................................9
Deidra Wager, Age 49.................................................................................................................................................9
David A. (Dave) Pace, Age 45....................................................................................................................................9
Dorothy J. Kim, Age 42............................................................................................................................................10
Brian Crynes..............................................................................................................................................................10
Steven (Steve) Schickler, Age 49..............................................................................................................................11
Kenneth T. Lombard.................................................................................................................................................11
Gerardo I. (Gerry) Lopez, Age 44.............................................................................................................................11
Sandra E. Taylor........................................................................................................................................................11
Darren Huston...........................................................................................................................................................12
Christine M. Day.......................................................................................................................................................12
Tony George..............................................................................................................................................................12
Wanda J. Herndon, Age 52.......................................................................................................................................13
David N. Chichester, Age 59....................................................................................................................................13
Barbara Bass, Age 53................................................................................................................................................13
Howard P. Behar, Age 60.........................................................................................................................................14
William W. (Bill) Bradley, Age 62...........................................................................................................................14
Mellody L. Hobson, Age 35......................................................................................................................................14
Olden Lee, Age 63....................................................................................................................................................15
Gregory B. (Greg) Maffei, Age 44............................................................................................................................15
James G. (Jamie) Shennan Jr., Age 63......................................................................................................................16
Myron E. (Mike) Ullman III, Age 58........................................................................................................................16
Craig E. Weatherup, Age 59.....................................................................................................................................17
Significant Developments....................................................................................................................................................18
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Table of Contents
Overview...............................................................................................................................................................................19
History...................................................................................................................................................................................20
Products/Operations............................................................................................................................................................22
Other Resources Available On Hoover's Online...............................................................................................................27
Other Resources........................................................................................................................................................27
Related Products From Our Trusted Partners...........................................................................................................27
Annual Financials.................................................................................................................................................................28
Historical Auditors....................................................................................................................................................30
Quarterly Financials............................................................................................................................................................31
Historical Financials & Employees.....................................................................................................................................34
Historical Auditors....................................................................................................................................................35
Market Data..........................................................................................................................................................................36
Comparison Data..................................................................................................................................................................37
Competitive Landscape........................................................................................................................................................39
ii
The Basics
2401 Utah Ave. South
Seattle, WA 98134 (Map)
http://www.starbucks.com
Phone: 206−447−1575
Fax: 206−447−0828
Toll Free: 800−782−7282
Wake up and smell the coffee −− Starbucks is everywhere. The world's #1 specialty coffee retailer, Starbucks operates
and licenses more than 8,500 coffee shops in more than 30 countries. The shops offer coffee drinks and food items, as
well as beans, coffee accessories, teas, and CDs. Starbucks operates more than 5,200 of its shops in five countries (mostly
in the US), while licensees operate more than 2,800 units (primarily in shopping centers and airports). The company also
owns and franchises the Seattle's Best Coffee and Torrefazione Italia chains in the US (more than 100 shops). In addition,
Starbucks markets its coffee through grocery stores and licenses its brand for other food and beverage products.
Key Numbers
Company Type
Public (NASDAQ: SBUX)
D&B D−U−N−S Number
155366107
Fiscal Year−End
September
2004 Sales (mil.)
$5,294.2
2004 Employees
96,700
Auditor
Deloitte & Touche LLP
Financial Overview
Last Close 5−Apr−2005
$51.74
52−Week High
$64.26
52−Week Low
$36.74
Basic EPS
$1.03
Price/Earnings Ratio
50.23
Current Ratio
1.95
R&D Expense (mil.)
6.50
Advertising Expense (mil.)
68.30
% Owned by Institutions
74.00%
Officers & Employees
Title
Name
Age
Salary
Bonus
Chairman and Chief Global
Strategist
Howard D. Schultz
51
$1,179,154
$2,490,000
President, CEO, and Director
James L. (Jim) Donald
50
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President, Starbucks Coffee
International
Martin Coles
51
President, Starbucks Coffee US
James C. (Jim) Alling
43
EVP, CFO, and Chief
Administrative Officer
Michael Casey
59
EVP, General Counsel, and
Secretary
Paula E. Boggs
45
EVP
Deidra Wager
49
EVP Partner Resources
David A. (Dave) Pace
45
EVP Supply Chain and Coffee
Operations
Dorothy J. Kim
42
SVP and CIO
Brian Crynes
SVP; President, Seattle Coffee
Company
Steven (Steve) Schickler
$555,192
$585,000
$424,231
$470,000
49
SVP; President, Starbucks Coffee Pedro Y. K. Man
Asia Pacific
SVP; President, Starbucks Coffee Colin Moore
Canada
SVP; President, Starbucks Coffee Julio Gutiérrez
Latin America
SVP; President, Starbucks
Entertainment
Kenneth T. Lombard
SVP; President, Starbucks
Global Consumer Products
Gerardo I. (Gerry) Lopez
SVP Business Alliances, North
America
Hank J. Suerth
SVP, Category Management
Michelle Gass
SVP Coffee
Willard (Dub) Hay
SVP Corporate Social
Responsibility
Sandra E. Taylor
SVP Culture and Immersion
Dave Olsen
SVP Finance, Starbucks Coffee
International
Marc Stolzman
SVP Global Manufacturing,
Supply Operations
Richard Soderberg
SVP Human Resources,
Starbucks Coffee International
Kenneth F. Meyers
SVP International Supply Chain
Operations
Buck Hendrix
44
David Landau
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SVP Law and Corporate Affairs
and Deputy General Counsel
SVP Marketing, Starbucks
Coffee International
Thomas Yang
SVP; Managing Director,
Starbucks UK
Cliff Burrows
SVP New Ventures
Darren Huston
SVP North American
Administration
Christine M. Day
SVP Operations, Store
Development, and Global
Business Systems
Katharine (Kathie) Lindemann
SVP Partner Resources, North
America
Margie Giuntini
SVP Partner Resources,
Starbucks Coffee International
Tony George
SVP Starbucks Coffee
International
Troy Alstead
SVP Store Concepts
Howard Wollner
SVP Store Development and
Asset Development
Mark Wesley
SVP Total Pay
Chet Kuchinad
SVP US Retail Stores
Gregg S. Johnson
SVP Worldwide Public Affairs
Wanda J. Herndon
52
CFO, Starbucks Coffee Japan
David N. Chichester
59
SVP Central, US Retail
Michael Bessire
SVP Northeast, US Retail
Martin Annese
SVP Northwest, US Retail
Launi Skinner
SVP Southwest, US Retail
Mark Lindstrom
VP Business Systems
Elizabeth King
VP Business Systems, North
America
Karen Metro
VP Corporate Development and
Investor Relations
Mary Ekman
VP Diversity
May E. Snowden
VP Music and Entertainment
Don MacKinnon
President, Starbucks Coffee
Japan
Yuji Tsunoda
Mark McKeon
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President, Starbucks Europe,
Middle East, and Africa
Managing Director, Starbucks
Coffee Trading Company
Marc Schonland
Managing Director, Starbucks
Thailand
Andrew Nathan
Director of Green Coffee Quality, Scott McMartin
Starbucks Coffee Trading
Company
Director of Marketing, Seattle
Coffee Company
Matt Ramerman
Director of Media Relations
Audrey Lincoff
Director of New Concepts and
Cold Beverages
Murray Darling
Coffee Quality Manager,
Switzerland
Chris Jordan
Division Manager, Corporate
Planning Division, Starbucks
Coffee Japan
Ryota Tsunoda
Investor Relations
Mary Ellen Fukuhara
Media Relations
Megan Behrbaum
Media Relations
Board Members
Chris Gimbl
Title
Name
Age
Chairman and Chief Global
Strategist
Howard D. Schultz
51
President, CEO, and Director
James L. (Jim) Donald
50
Director
Barbara Bass
53
Director
Howard P. Behar
60
Director
William W. (Bill) Bradley
62
Director
Mellody L. Hobson
35
Director
Olden Lee
63
Director
Gregory B. (Greg) Maffei
44
Director
James G. (Jamie) Shennan Jr.
63
Director
Myron E. (Mike) Ullman III
58
Director
Craig E. Weatherup
59
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Industry Information
• Leisure
♦ Restaurants &Cafes
◊ Specialty Eateries (primary)
• Food
♦ Dairy Products
• Media
♦ Radio Broadcasting & Programming
• Beverages
♦ Nonalcoholic Beverages
◊ Coffee & Tea
SIC Codes
2024
Ice cream and frozen desserts
2095
Roasted coffee
4832
Radio broadcasting stations
5149
Groceries and related products, nec
5812
Eating places
NAICS Codes
311520
Ice Cream and Frozen Dessert Manufacturing
311920
Coffee and Tea Manufacturing
515112
Radio Stations
722213
Top Competitors
Snack and Nonalcoholic Beverage Bars
• Caribou Coffee
• Diedrich Coffee
• Dunkin Brands
All Competitors
• ABP
• Caribou Coffee
• Cheesecake Factory
• Coffee Republic
• Community Coffee
• Cosi
• Diedrich Coffee
• Dunkin Brands
• Farmer Bros.
• Green Mountain Coffee
• Krispy Kreme
• Lavazza
• Nestlé
• New World Restaurants
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Report Builder Results − Starbucks Corporation − Hoover's Online
• Panera Bread
• Peet's
• Pret A Manger
• Procter & Gamble
• Restaurant Developers
• Sara Lee
• Tully's Coffee
Rankings
• #372 in FORTUNE 500
• S&P 500
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Biographies
Howard D. Schultz, Age 51
Chairman and Chief Global Strategist, $1,179,154 salary, $2,490,000 bonus
Other Company Affiliations
Company
Title
The Basketball Club of Seattle, LLC
Chairman
DreamWorks Animation SKG Inc.
Director
Maveron LLC
Co−Founder
Salary
Bonus
Recent Work Highlights
• Starbucks Corporation
♦ 2003: Chairman and Chief Global Strategist, $1,132,762 salary, $1,417,000 bonus
♦ 2002: Chairman and Chief Global Strategist, $1,088,269 salary, $1,362,500 bonus
♦ 2001: Chairman and Chief Global Strategist, $995,192 salary, $1,150,000 bonus
Biography
HOWARD SCHULTZ is the founder of the Company, the chairman of the Board and has served as chief global strategist
since June 2000. From the Company's inception, he served as chairman of the board and chief executive officer. From
1985 to June 1994, Mr. Schultz was also the Company's president. From January 1986 to July 1987, Mr. Schultz was the
chairman of the board, chief executive officer and president of Il Giornale Coffee Company, a predecessor to the
Company. From September 1982 to December 1985, Mr. Schultz was the director of retail operations and marketing for
Starbucks Coffee Company, a predecessor to the Company. Mr. Schultz also serves on the board of directors of
DreamWorks Animation SKG, Inc.
Source: Proxy, December 10, 2004
James L. (Jim) Donald, Age 50
President, CEO, and Director
Recent Work Highlights
• Starbucks Corporation
♦ 2004: CEO Designate, $832,308 salary, $1,404,000 bonus
♦ 2003: CEO Designate, $744,615 salary, $1,200,000 bonus
Biography
Donald joined Starbucks in 2002 as president, North America. In this position, Donald has been responsible for the overall
management, business development and operations of Starbucks in all North American markets. During this period, the
Company has experienced record financial performance, attributable largely to the success in North America. Prior to
Starbucks, Donald served as chairman, president and ceo for Pathmark Stores, Inc. Donald was a key executive in
Wal−mart's development of the Wal−mart Super Center, supervising all merchandising, distribution, store design and real
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estate operations. Jim has more than 30 years of national retail and supermarket experience.
Source: Company Press Release, October 12, 2004
Martin Coles, Age 51
President, Starbucks Coffee International
Biography
Coles was president and CEO of the Reebok Brand, Reebok International, Ltd., from May 2002 to February 2004. Prior to
this position, he served as executive vice president of Global Operating Units for Reebok. During his eight−year tenure at
Nike, Inc., Martin held several executive level general management, sales and operations positions for Nike, Inc.'s Global
and European operations, achieving extraordinary results while building Nike's reputation as a preeminent brand leader in
Europe. His broad experience also includes executive positions as senior vice president, International Operations for
Gateway, Inc.; president and chief executive officer for Letsbuyit.com (London, United Kingdom); and vice president,
Operations for PepsiCo, Inc.'s U.S. Bottling operations. He spent the first ten years of his career in various management
roles at Procter & Gamble.
Source: Company Press Release, March 11, 2004
James C. (Jim) Alling, Age 43
President, Starbucks Coffee US
Biography
James C. Alling joined Starbucks in September 1997 as senior vice president, Grocery and was promoted to executive
vice president, Business and Operations − United States in November 2003. Prior to joining Starbucks, Mr. Alling held
several senior positions at Nestlé from 1985 to 1997 and served as vice president and general manager of several
divisions, including ground coffee.
Source: 10K, December 23, 2003
Michael Casey, Age 59
EVP, CFO, and Chief Administrative Officer, $555,192 salary, $585,000 bonus
Other Company Affiliations
Company
Title
The Nasdaq Stock Market, Inc.
Director
Salary
Bonus
Recent Work Highlights
• Starbucks Corporation
♦ 2003: EVP, CFO, and Chief Administrative Officer, $534,584 salary, $334,375 bonus
♦ 2002: EVP, CFO, and Chief Administrative Officer, $510,600 salary, $318,302 bonus
♦ 2001: EVP, CFO, and Chief Administrative Officer, $470,250 salary, $270,825 bonus
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Biography
Michael Casey joined Starbucks in August 1995 as senior vice president and chief financial officer and was promoted to
executive vice president, chief financial officer and chief administrative officer in September 1997. Prior to joining
Starbucks, Mr. Casey served as executive vice president and chief financial officer of Family Restaurants, Inc. from its
inception in 1986. During his tenure there, he also served as a director from 1986 to 1993, and as president and chief
executive officer of its El Torito Restaurants, Inc. subsidiary from 1988 to 1993.
Source: 10K, December 23, 2003
Paula E. Boggs, Age 45
EVP, General Counsel, and Secretary
Biography
Paula E. Boggs joined Starbucks in September 2002 as executive vice president, general counsel and secretary. Prior to
joining Starbucks, Ms. Boggs served as vice president, legal, for products, operations and information technology at Dell
Computer Corporation from 1997 to 2002. From 1995 to 1997, Ms. Boggs was a partner with Preston Gates & Ellis. Ms.
Boggs served in several roles at the Pentagon, White House and U.S. Department of Justice between 1984 and 1995.
Source: 10K, December 23, 2003
Deidra Wager, Age 49
EVP
Biography
Deidra Wager joined Starbucks in 1992 and served as the Company's senior vice president, Retail Operations from August
1993 to September 1997 when she was promoted to executive vice president, Retail. In March 1999, Ms. Wager moved to
Tokyo, Japan to serve as a consultant to Starbucks Coffee International, Inc. and work with Starbucks Coffee Japan, Ltd.
for which she served as chief retail officer. Prior to joining Starbucks, Ms. Wager held several operations positions with
Taco Bell®, Inc. from 1988 to 1992.
Source: 10K, December 31, 2002
David A. (Dave) Pace, Age 45
EVP Partner Resources, $424,231 salary, $470,000 bonus
Recent Work Highlights
• HomeGrocer.com, Inc.
♦ Last position held, SVP of People Capability
• Starbucks Corporation
♦ 2003: EVP Partner Resources, $400,000 salary, $435,000 bonus
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Biography
Dave Pace joined Starbucks in July 2002 as executive vice president of Partner Resources. From 2000 to 2002, Mr. Pace
was the president of i2 Technologies. From 1999 to 2000 Mr. Pace served as the chief human resources officer for
HomeGrocer.com. From 1995 to 1999, he served as senior vice president of human resources for Tricon Restaurants
International (now YUM! Brands, Inc.).
Source: 10K, December 23, 2003
Dorothy J. Kim, Age 42
EVP Supply Chain and Coffee Operations
Recent Work Highlights
• Starbucks Corporation
♦ Title held until 2004: SVP Global Logistics and Procurement, Supply Chain Operations
Biography
Kim will be responsible for the day−to−day activities of SCCO, which include the global strategic business management
of manufacturing, engineering, purchasing, distribution, planning and transportation; supply chain integrated systems;
inventory management and worldwide sourcing of coffee. Kim joined Starbucks in 1995, where she gained four years of
retail planning and operations experience prior to transitioning to SCCO. She held the positions of vice president, SCCO
Logistics, and vice president, SCCO Finance & Systems, before her promotion to senior vice president, Global Logistics
& Procurement. Kim was instrumental in leading the development of Starbucks SCCO Systems Vision and Master Project
Plan. Prior to joining Starbucks, Kim served as the general manager at Yun's Company, a Seattle−area general contractor,
where she increased revenue by 100 percent and delivered healthy profits for all programs within a two−year period. Her
broad experience includes roles in several supply chain functions with large, brand name companies such as Boeing,
Honeywell and Heath Tecna, with the major focus on reducing supply chain costs.
Source: Company Press Release, December 14, 2004
Brian Crynes
SVP and CIO
Biography
Before joining Starbucks, Brian Crynes served as chief information officer at Coca−Cola Amatil in Sydney, Australia. In
this position, he helped align IT and business strategy and developed a business systems roadmap that included a
customer−centered e−business solution for various markets across Asia Pacific. He also established an overall business
system strategy that enabled business units to localize common business solutions for their markets. Crynes has also held
senior management positions at world−class companies such as Bristol−Myers Squibb, Apple Computer, and the New
York Daily News. He graduated from the University of Scranton with a bachelor of science, mathematics, in 1968 and
received his master's degree in business administration, finance, in 1972.
Source: Company Press Release,
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Steven (Steve) Schickler, Age 49
SVP; President, Seattle Coffee Company
Recent Work Highlights
• Seattle Coffee Company
♦ Last position held, President
Kenneth T. Lombard
SVP; President, Starbucks Entertainment
Biography
Starbucks Coffee Co. said Kenneth T. Lombard, president of Johnson Development Corp. and Magic Johnson Theatres,
accepted a post of senior vice president and president of Starbucks Entertainment.Lombard is also co−managing partner of
the Canyon Johnson Urban Fund.In this newly created role, Lombard will lead the vision and strategy for Starbucks' Hear
Music division and wireless Internet, reporting to Jim Donald, president of Starbucks North America. Starbucks acquired
in 1999 Hear Music, a chain of music shops offering customers the ability to customize their CD's.
Source: National Restaurant News, May 17, 2004
Gerardo I. (Gerry) Lopez, Age 44
SVP; President, Starbucks Global Consumer Products
Biography
Gerry brings extensive global Consumer Products industry experience to Starbucks, along with his wealth of domestic and
international experience. Previously, Gerry served as president, Handleman Entertainment Resources, which provides
category management and distribution services for pre−recorded music for Wal−Mart, Best Buy and other large retailers.
His broad experience includes executive positions as president, International Division for International Home Foods;
corporate vice president, sales and distribution, for Grupo Industrial Maseca (Mission Foods); area vice president, Frito
Lay; and senior level marketing positions at PepsiCo, Inc. and Procter and Gamble.
Source: Company Press Release, September 15, 2004
Sandra E. Taylor
SVP Corporate Social Responsibility
Biography
Taylor, who has served in her most recent position at Eastman Kodak Company since 1996, brings extensive international
and domestic corporate social responsibility and government affairs experience to Starbucks. As a corporate officer,
Taylor had overall responsibility for federal, state and international government relations. In addition, she managed the
company's Washington, D.C. government affairs office.Additionally, she has held several senior leadership positions at
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top−tier organizations such as ICI Americas Inc., the American branch of Imperial Chemical Industries Plc., a
British−owned chemical corporation. She also worked as a foreign service officer for the United States Department of
State and as an attorney for Colorado's third largest law firm, Gorsuch, Kirgis, Campbell, Walker and Grover. Taylor
received her bachelor of arts degree in French from Colorado Women's College in 1972 and her Juris Doctor from Boston
University School of Law in 1975. Taylor sits on many boards and community relations committees, including co−chair
and founder of American and African Businesswomen's Alliance and the Women's Leadership Board for the Kennedy
School of Government at Harvard University.
Source: Company Press Release, June 16, 2003
Darren Huston
SVP New Ventures
Biography
Darren Huston joined Starbucks in June 1998 as vice president, Retail Strategy and New Business and was promoted to
senior vice president, New Ventures in March 2000. From 1994 to 1998, Mr. Huston worked at McKinsey & Company
and was a leader in McKinsey's strategy and marketing practices.
Source: 10K,
Christine M. Day
SVP North American Administration
Other Company Affiliations
Company
Title
Select Comfort Corporation
Director
Salary
Bonus
Tony George
SVP Partner Resources, Starbucks Coffee International
Biography
In his previous role, Tony served as the senior vice president and chief Human Resources officer at Burger King
International. He reported to the president of Burger King International and led Human Resources support for the
company's growing international region which currently includes 59 countries, 3,200 restaurants and 12,000 employees.
Prior to that time, Tony spent 10 years in various senior international Human Resources and management positions with
Diageo plc (former owners of Burger King Company) and also served in various management roles at ICI India, an
international multi−brand consumer products company.
Source: Company Press Release, June 1, 2004
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Wanda J. Herndon, Age 52
SVP Worldwide Public Affairs
Biography
Wanda Herndon joined Starbucks in July 1995 as vice president, Communications and Public Affairs and was promoted
to senior vice president, Communications and Public Affairs (now known as Worldwide Public Affairs) in November
1996. From February 1990 to June 1995, Ms. Herndon held several communications management positions at DuPont
Company. From November 1978 to February 1990, Ms. Herndon held several public affairs and marketing
communications positions at the Dow Chemical Company.
Source: 10K, December 31, 2002
David N. Chichester, Age 59
CFO, Starbucks Coffee Japan
Other Company Affiliations
Company
Title
Central Garden & Pet Company
Director
Salary
Bonus
Biography
Before joining Starbucks, Chichester served as Executive Vice President and Chief Financial Officer at Red Roof Inns,
Inc. and Hecklers Online, Inc. Prior to these positions, he held senior management positions in finance at Marriott
Corporation, Integrated Health Services and G. E. Credit Corporation, and served as a Vice President of Warburg Paribas
Becker and the First National Bank of Chicago. Chichester also served as a Lieutenant in the U. S. Navy. He earned a
bachelor's degree from Brown University and a master's degree in business administration from Harvard University. He
serves on the Boards of Living Strategies, Inc. and the Brown University Sports Foundation.
Source: Company Press Release,
Barbara Bass, Age 53
Director
Other Company Affiliations
Company
Title
bebe stores, inc.
Director
Salary
Bonus
Biography
BARBARA BASS has been a director of the Company since January 1996. Since 1993, Ms. Bass has been the president
of Gerson Bakar Foundation. From 1989 to 1992, Ms. Bass was president and chief executive officer of the Emporium
Weinstock Division of Carter Hawley Hale Stores, Inc. Ms. Bass also serves on the board of directors of DFS Group
Limited, a retailer of luxury branded merchandise, and bebe stores, inc., a retailer of contemporary sportswear and
accessories.
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Source: Proxy, January 22, 2004
Howard P. Behar, Age 60
Director
Other Company Affiliations
Company
Title
Gap Inc.
Director
Shurgard Storage Centers, Inc.
Director
Salary
Bonus
Biography
HOWARD P. BEHAR has been a director of the Company since January 1996. Mr. Behar came out of retirement to serve
as the Company's president, North America from September 2001 through December 2002. Prior to serving in that
capacity, Mr. Behar served as president of Starbucks Coffee International, Inc. from June 1994 until his retirement in late
1999. From February 1993 to June 1994, Mr. Behar served as the Company's executive vice president, Sales and
Operations. From February 1991 to February 1993, Mr. Behar served as the Company's senior vice president, Retail
Operaions and from August 1989 to January 1991, he served as the Company's vice president, Retail Stores. Mr. Behar
also serves on the board of directors of The Gap, Inc. and Shurgard Storage Centers, Inc.
Source: Proxy, January 22, 2004
William W. (Bill) Bradley, Age 62
Director
Other Company Affiliations
Company
Title
Seagate Technology
Director
Salary
Bonus
Biography
WILLIAM W. (BILL) BRADLEY has been a director of the Company since June 2003. Mr. Bradley is a managing
director of Allen & Company LLC and is chief outside advisor to McKinsey & Company's non−profit practice.
Mr. Bradley also served as a senior advisor and vice chairman of the International Council of JP Morgan & Co., Inc. from
1997 through 1999. From 1979 until 1997, Mr. Bradley represented the State of New Jersey serving in the U.S. Senate.
From 1967 through 1977, he played professional basketball for the New York Knicks, during which time they won two
world championships. Mr. Bradley also serves on the board of directors of Eastman Kodak Company, Willis Group
Holdings Limited and Seagate Technology.
Source: Proxy, January 22, 2004
Mellody L. Hobson, Age 35
Director
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Other Company Affiliations
Company
Title
DreamWorks Animation SKG Inc.
Director
The Estée Lauder Companies Inc.
Director
Tellabs, Inc.
Director
Salary
Bonus
Biography
MELLODY HOBSON was nominated by the Board as a Class 3 Director in November 2004. Ms. Hobson has served as
the president and a director of Ariel Capital Management, LLC/Ariel Mutual Funds, a Chicago−based investment
management firm, since 2000. She previously served as senior vice president and director of marketing at Ariel Capital
Management, Inc. from 1994 to 2000, and as vice president of marketing at Ariel Capital Management, Inc. from 1991 to
1994. Ms. Hobson works with a variety of civic and professional institutions, including serving as a director of the
Chicago Public Library as well as its foundation and as a board member of the Field Museum and the Chicago Public
Education Fund. In 2004, the Wall Street Journal named her as one of its "50 Women to Watch". Ms. Hobson also serves
on the board of directors of Tellabs, Inc., DreamWorks Animation SKG, Inc. and The Estee Lauder Companies Inc.
Source: Proxy, December 10, 2004
Olden Lee, Age 63
Director
Biography
Lee, a retired executive from PepsiCo, provided 28 years of service to the company in a number of positions of increasing
responsibility. Most recently, he served as senior vice president of human resources for Taco Bell, where his
accountabilities included recruiting, compensation and benefits, management development and training, and public
affairs. Prior to Taco Bell, Lee served as KFC's senior vice president managing similar accountabilities in the worldwide
enterprise that encompassed 61 countries. Lee currently serves on the board of Scottsdale Healthcare Corporation, the
Phoenix Art Museum, and the Business School advisory board of the University of Arizona. Lee also served as a member
of the Texas Christian University international board of advisors, and interim chief executive officer of the 100 Black
Men organization, where he is still a member.
Source: Company Press Release, June 17, 2003
Gregory B. (Greg) Maffei, Age 44
Director
Other Company Affiliations
Company
Title
360networks Corporation
Chairman and CEO
Electronic Arts Inc.
Director
15
Salary
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Bonus
Recent Work Highlights
• GT Group Telecom Inc.
♦ Last position held, Chairman and CEO
• ONI Systems Corp.
♦ Last position held, Director
Biography
GREGORY B. MAFFEI has been a director of the Company since February 1999. Mr. Maffei is chairman and chief
executive officer of 360networks Corporation, a telecommunications service provider. Previously, Mr. Maffei served as
the chief financial officer of Microsoft Corporation from 1997 to 2000, and as its vice president, corporate development
and treasurer from 1994 to 1997. Mr. Maffei also serves on the board of directors of aQuantive, Inc. (until May 2004) and
Electronic Arts Inc.
Source: Proxy, January 22, 2004
James G. (Jamie) Shennan Jr., Age 63
Director
Other Company Affiliations
Company
Title
P.F. Chang's China Bistro, Inc.
Director
Trinity Ventures
General Partner
Salary
Bonus
Biography
JAMES G. SHENNAN, JR., has been a director of the Company since March 1990. Mr. Shennan has served as a general
partner of Trinity Ventures, a venture capital organization, since September 1989. Prior to that time, he served as the chief
executive of Addison Consultants, Inc., an international marketing services firm, and two of its predecessor companies.
Mr. Shennan also serves on the board of directors of P.F. Chang's China Bistro, Inc.
Source: Proxy, January 22, 2004
Myron E. (Mike) Ullman III, Age 58
Director
Other Company Affiliations
Company
Title
J. C. Penney Company, Inc.
Chairman and CEO
J. C. Penney Corporation, Inc.
Chairman and CEO
Polo Ralph Lauren Corporation
Director
16
Salary
Report Builder Results − Starbucks Corporation − Hoover's Online
Bonus
Biography
MYRON E. ULLMAN, III, has been a director since January 2003. Mr. Ullman served as co−chairman of Global
Crossing Limited, a telecommunications service provider, from December 2002 to December 2003. From July 1999 to
January 2002, Mr. Ullman served as directeur general, group managing director of LVMH Möet Hennessy Louis Vuitton,
a luxury goods manufacturer and retailer. From January 1995 to June 1999, Mr. Ullman served as chairman and chief
executive officer of DFS Group Limited, a retailer of luxury branded merchandise. From 1992 to 1995, Mr. Ullman
served as chairman and chief executive officer of R.H. Macy & Co., Inc. Mr. Ullman also serves on the board of directors
of Taubman Centers, Inc. and Kendall−Jackson Wine Estates, Ltd.
Source: Proxy, January 22, 2004
Craig E. Weatherup, Age 59
Director
Biography
CRAIG E. WEATHERUP has been a director of the Company since February 1999. From March 1999 to January 2003,
Mr. Weatherup served as the chairman and chief executive officer of The Pepsi Bottling Group, Inc. and currently is a
member of its board of directors. Prior to the initial public offering of The Pepsi Bottling Group, Inc. in early 1999, Mr.
Weatherup worked with PepsiCo, Inc. for 24 years and served as chief executive officer of its worldwide
Pepsi−Cola business. Mr. Weatherup also serves on the board of directors of Federated Department Stores, Inc.
Source: Proxy, January 22, 2004
17
Report Builder Results − Starbucks Corporation − Hoover's Online
Significant Developments
Date
18
Event
Report Builder Results − Starbucks Corporation − Hoover's Online
Details
Overview
Wake up and smell the coffee −− Starbucks is everywhere. The world's #1 specialty coffee retailer, Starbucks operates
and licenses more than 8,500 coffee shops in more than 30 countries. The shops offer coffee drinks and food items, as
well as beans, coffee accessories, teas, and CDs. Starbucks operates more than 5,200 of its shops in five countries (mostly
in the US), while licensees operate more than 2,800 units (primarily in shopping centers and airports). The company also
owns and franchises the Seattle's Best Coffee and Torrefazione Italia chains in the US (more than 100 shops). In addition,
Starbucks markets its coffee through grocery stores and licenses its brand for other food and beverage products.
More than a leader in the retail coffee business, the company has been a force of nature −− its long term expansion plans
are to grow to 15,000 US stores and 15,000 international stores. The company will continue to focus on drive−through
retail development throughout 2005.
Starbucks' grocery retail licensing relationship with Kraft continues to develop, allowing the coffee company to gradually
expand its selection of coffee beans and teas in supermarkets. Also, the company's partnership with Jim Beam to produce
a Starbucks coffee liqueur will permit Starbucks to introduce its newest product to a national audience. But all was not
rosy with the Jim Beam/Starbucks collaboration: In reaction to the partnership, Pax World Funds dropped Starbucks from
its investment portfolio, citing a policy of not investing in companies that make money from the manufacture of liquor.
The NBA Hall of Famer Magic Johnson is the only US Starbucks franchisee (through his Johnson Development company,
which specializes on building projects in urban neighborhoods), with a 50% stake in about 75 locations.
Ensuring that air travel passengers can have their in−flight java fix, Starbucks extended its agreement with UAL Corp to
be its exclusive coffee served during all United and Ted flights worldwide. The coffee supply and mutual marketing
agreement are slated to last until 2007.
Starbucks has been testing hot breakfast and lunch menus, such as egg and spinach muffins, in select stores on the West
Coast.
19
Report Builder Results − Starbucks Corporation − Hoover's Online
History
Starbucks was founded in 1971 in Seattle by coffee aficionados Gordon Bowker, Jerry Baldwin, and Ziv Siegl, who
named the company for the coffee−loving first mate in Moby Dick and created its famous two−tailed siren logo. They
aimed to sell the finest−quality whole bean and ground coffees. By 1982 Starbucks had five retail stores and was selling
coffee to restaurants and espresso stands in Seattle. That year Howard Schultz joined Starbucks to manage retail sales and
marketing. In 1983 Schultz traveled to Italy and was struck by the popularity of coffee bars. He convinced Starbucks'
owners to open a downtown Seattle coffee bar in 1984. It was a success; Schultz left the company the following year to
open his own coffee bar, Il Giornale, which served Starbucks coffee.
Frustrated by its inability to control quality, Starbucks sold off its wholesale business in 1987. Later that year Il Giornale
acquired Starbucks' retail operations for $4 million. (Starbucks' founders held on to their other coffee business, Peet's
Coffee & Tea.) Il Giornale changed its name to Starbucks Corporation, prepared to expand nationally, and opened
locations in Chicago and Vancouver. In 1988 the company published its first mail−order catalog.
Starbucks lost money in the late 1980s as it focused on expansion (it tripled its number of stores to 55 between 1987 and
1989). Schultz brought in experienced managers to run Starbucks' stores. In 1991 it became the nation's first privately
owned company to offer stock options to all employees.
In 1992 the company went public and set up shops in Nordstrom's department stores. The following year Starbucks began
operating cafes in Barnes & Noble bookstores. The company had nearly 275 locations by the end of 1993. Starbucks
inked a deal in 1994 to provide coffee to ITT/Sheraton hotels (later acquired by Starwood Hotels & Resorts). The next
year it capitalized on its popular in−house music selections by selling compact discs. Also in 1995 Starbucks joined with
PepsiCo to develop a bottled coffee drink and agreed to produce a line of premium coffee ice cream with Dreyer's.
Starbucks expanded into Japan and Singapore in 1996. Also that year the company created Caffe Starbucks, an online
store located on AOL's marketplace. In 1997 Starbucks began testing sales of whole−bean and ground coffees in Chicago
supermarkets.
In 1998 Starbucks expanded into the UK when it acquired that country's Seattle Coffee Company chain (founded in 1995)
for about $86 million and converted its stores into Starbucks locations. It also announced plans to sell coffee in
supermarkets nationwide through an agreement with Kraft Foods. In 1999 Starbucks bought Tazo, an Oregon−based tea
company, as well as music retailer Hear Music, and opened its first store in China. Schultz toned down his Internet plans
in late 1999 after investors and analysts voiced skepticism. (Starbucks has since scaled back its Internet retail activities,
partnering instead with Amazon.com to sell branded kitchen wares and coffee supplies.)
In 2000 Schultz ceded the CEO post to president Orin Smith, remaining chairman but focusing primarily on the
company's global strategy. Also that year the company struck an agreement with Kozmo.com, an Internet home−delivery
company, which allows Kozmo.com customers to return rented videos to drop−boxes located at Starbucks. (Starbucks
cancelled its deal with Kozmo.com the following year.)
Starbucks jumpstarted its worldwide expansion In 2001. It opened some 1,100 stores worldwide, including locations in a
handful of new European countries such as Austria and Switzerland. It also took its Japanese unit public. The following
year the company opened its first shop in Spain and planned to open Starbucks locations in Greece and Germany. Later in
2002 it announced large−scale expansion plans in Mexico and Latin America, and opened its first stores in Germany.
The next year Starbucks acquired Seattle Coffee Company (and its Seattle's Best Coffee brand) from AFC Enterprises for
$72 million. The deal gave Starbucks an additional 150 coffee shops (as if it needed them) but more importantly it gave
the coffee giant the Seattle's Best Coffee brand and wholesale coffee business. It also got something new out of the deal:
franchised locations. Having never franchised any of its Starbucks shops, the company has learned how to work with
20
Report Builder Results − Starbucks Corporation − Hoover's Online
about two dozen Seattle's Best franchisees.
Starbucks was one of the first national retailers to jump on the Wi−Fi bandwagon, teaming with Hewlett−Packard and
Deutsche Telekom's T−Mobile unit to offer high−speed wireless Internet access at 1,200 of its locations in the US,
London, and Berlin. In March 2004 Starbucks and Hewlett−Packard unveiled their Hear Music service, which allows
Starbucks customers to create custom music CDs in some locations. In October 2004 the company premiered its Hear
Music channel on XM Satellite Radio. Also, October saw the company premiere its new Hear Music CD−burning media
bar (co−developed with HP) in selected stores.
In June 2004 Starbucks inked a deal to buy 35 stores from its Singapore licensing partner, Bonvests Holdings Limited,
and in July 2004 the company agreed to acquire a 49.9% equity stake in its Malaysian licensee. In August 2004 it
announced an agreement to convert more than 400 cafes in US Borders Books & Music stores into Seattle's Best Coffee
cafes.
The company purchased its Germany licensing operations back from its partner, the department store and mail order
group KarstadtQuelle AG. The terms of the November 2004 deal were not disclosed. At the time of the deal, there were
about 40 Starbucks coffee shops in Germany.
In 2005 the company began offering a hot chocolate in its US and Canada markets. The company likens the product,
Chantico, to a melted truffle. That year in conjunction with Jim Beam Brands, it also introduced Starbucks Coffee
Liqueur. Smith retired as president and CEO in 2005; he was replaced by Starbucks' North American president Jim
Donald.
21
Report Builder Results − Starbucks Corporation − Hoover's Online
Products/Operations
2004 Sales
$ mil. % of total
Domestic 4,447 84
International 847 16
Total
5,294 100
2004 Locations
Company−owned
No.
US
4,293
UK
422
Canada 372
Thailand 49
Australia 44
Singapore 35
Total
5,215
2004 Locations
Licensed & Franchised
No.
US
1,839
Japan
534
China
152
Taiwan
136
South Korea
102
Philippines
70
Canada
66
Malaysia
52
Hawaii
45
New Zealand
36
Germany
35
Mexico
32
Saudi Arabia
32
United Arab Emirates 31
Kuwait
27
Spain
27
Greece
25
Indonesia
24
Switzerland
18
Turkey
15
Lebanon
10
22
Report Builder Results − Starbucks Corporation − Hoover's Online
Chile
Austria
Puerto Rico
Qatar
Bahrain
Oman
Peru
Total
9
8
6
6
5
3
3
3,348
2004 Sales
$ mil. % of total
Retail stores
4,457 84
Specialty operations 837 16
Total
5,294 100
Archived Charts
2002 Locations
No.
North America
Company−owned
Licensed
International
Licensed
Asia/Pacific
Europe, the Middle East, and Africa
Latin America
Company−owned
UK
Australia
Thailand
Total
2003 Locations
Company−owned
No.
US
3,779
UK
373
Canada 316
Australia 40
Thailand 38
Total
4,546
2003 Locations
Licensed & Franchised
No.
US
1,422
23
3,496
1,078
783
113
32
322
33
29
5,886
Report Builder Results − Starbucks Corporation − Hoover's Online
Japan
China
Taiwan
South Korea
Philippines
Canada
Hawaii
Malaysia
New Zealand
Singapore
Saudi Arabia
United Arab Emirates
Germany
Kuwait
Indonesia
Mexico
Spain
Switzerland
Greece
Lebanon
Austria
Qatar
Bahrain
Turkey
Oman
Puerto Rico
Chile
Peru
Total
486
116
113
75
54
53
38
37
35
35
29
27
25
20
17
17
15
15
12
9
8
5
4
4
3
3
1
1
2,679
Retail
Specialty
2001 Sales
$ mil.
% of total
2,230
84
419
16
Total
2,649
100
2002 Sales
% of total
Retail sales 85
Licensing 15
Total
100
2002 Sales
% of total
24
Report Builder Results − Starbucks Corporation − Hoover's Online
Beverages
77
Food
13
Coffee beans
6
Coffee equipment & accessories 4
Total
100
2003 Sales
$ mil. % of total
Retail stores
3,450 85
Specialty operations 626 15
Total
4,076 100
2003 Sales
$ mil. % of total
Retail stores
3,450 85
Specialty operations 626 15
Total
4,076 100
2003 Sales
Retail Stores
% of total
Beverages
78
Food
12
Coffee equipment & accessories 5
Whole bean coffee
5
Total
100
2003 Sales
Specialty Operations
% of total
Royalties & licensing
Retail outlets
US
22
International
17
Food products
Whole bean coffee 25
Beverages & ice cream 1
Foodservice
27
Other
8
Total
100
2003 Sales
Specialty Operations
% of total
Royalties & licensing
Retail outlets
US
22
25
Report Builder Results − Starbucks Corporation − Hoover's Online
International
17
Food products
Whole bean coffee 25
Beverages & ice cream 1
Foodservice
27
Other
8
Total
100
2003 Sales
Retail Stores
% of total
Beverages
78
Food
12
Coffee equipment & accessories 5
Whole bean coffee
5
Total
100
26
Report Builder Results − Starbucks Corporation − Hoover's Online
Other Resources Available On Hoover's Online
News for Starbucks (last 90 days)
Company Press Release Archive
Other Resources
• Headquarters Map
• SEC Filings
♦ 10−K Filings
• Stock Quote
• Stock Chart
• Earnings Estimates
• ValuEngine Analysis
• Annual Report
• Investor Relations
• Financial Data Definitions
• Market Data Definitions
• Comparison Data Definitions
• Historical Financials & Employees Definitions
Related Products From Our Trusted Partners
Buy A DBReport For Starbucks
Additional Research On Starbucks
Buy Reports and Books
• Starbucks Corporation: Company Profile: Company Profile
(Datamonitor, Mar 1, 2005, Business Reports)
• Quantitative Report for SBUX
(ValuEngine, Inc., Mar 1, 2005, Business Reports)
• Dairy Production Deluxe Set
(Harris Industry Reports, Aug 12, 2003, Business Reports)
• Coffee &Tea: Financial Analysis Profiles
(BizMiner, Dec 26, 2004, Business Reports)
• Amusement and Theme Parks in the US
(IBISWorld, Oct 18, 2004, Business Reports)
• Special Package: Online Retail Strategies and Projections
(Forrester Research Inc, Jan 1, 2001, Business Reports)
• CPG Sites: Strategies Must Integrate Attraction, Involvement, and
Retention to Capture Value
(Jupitermedia Corporation, Jan 16, 2003, Business Reports)
• CANADA YOGHURT REPORT 2002
(Snapshots International Ltd, Aug 31, 2002, Business Reports)
Additional 3rd Party Libraries
27
Report Builder Results − Starbucks Corporation − Hoover's Online
Annual Financials
All amounts in millions of US Dollars
Income Statement
Sep 04
Sep 03
Sep 02
Revenue
5,294.2
4,075.5
3,288.9
Cost of Goods Sold
4,135.7
1,664.5
2,582.7
Gross Profit
1,158.5
2,411.0
706.2
21.9%
59.2%
21.5%
SG&A Expense
304.3
1,765.5
202.2
Depreciation & Amortization
304.8
259.3
221.1
Operating Income
549.4
386.2
282.9
Operating Margin
10.4%
9.5%
8.6%
74.8
50.0
45.1
0.0
0.0
0.0
Income Before Taxes
624.2
436.2
341.4
Income Taxes
232.5
168.0
126.3
Net Income After Taxes
391.7
268.2
215.1
Continuing Operations
391.8
268.3
215.1
0.0
0.0
0.0
Total Operations
391.8
268.3
215.1
Total Net Income
391.8
268.3
215.1
Net Profit Margin
7.4%
6.6%
6.5%
Diluted EPS from Continuing Operations ($)
0.95
0.67
0.54
Diluted EPS from Discontinued Operations ($)
0.00
0.00
0.00
Diluted EPS from Total Operations ($)
0.95
0.67
0.54
0.00
0.00
0.00
Sep 04
Sep 03
Sep 02
Cash
299.1
200.9
174.6
Net Receivables
140.2
114.4
97.6
Gross Profit Margin
Nonoperating Income
Nonoperating Expenses
Discontinued Operations
Diluted EPS from Total Net Income ($)
Dividends per Share
Balance Sheet
Assets
Current Assets
28
Report Builder Results − Starbucks Corporation − Hoover's Online
Inventories
422.7
342.9
263.2
Other Current Assets
506.4
265.8
312.3
Total Current Assets
1,368.5
924.0
847.5
Net Fixed Assets
1,471.4
1,384.9
1,265.8
488.3
420.8
179.4
Total Assets
3,328.2
2,729.7
2,292.7
Liabilities and Shareholders' Equity
Sep 04
Sep 03
Sep 02
Accounts Payable
199.3
169.0
136.0
Short−Term Debt
0.7
0.7
75.6
Other Current Liabilities
582.9
439.0
325.9
Total Current Liabilities
783.0
608.7
537.5
Long−Term Debt
3.6
4.4
5.1
Other Noncurrent Liabilities
8.1
1.0
1.0
841.3
647.3
566.1
Preferred Stock Equity
0.0
0.0
0.0
Common Stock Equity
2,486.8
2,082.4
1,726.6
Total Equity
2,486.8
2,082.4
1,726.6
397.4
393.7
388.2
Sep 04
Sep 03
Sep 02
Net Operating Cash Flow
793.8
566.4
477.7
Net Investing Cash Flow
(632.2)
(499.3)
(485.3)
Net Financing Cash Flow
(66.5)
30.8
67.4
98.2
101.2
61.3
304.8
259.3
221.1
Capital Expenditures
(393.7)
(427.2)
(375.5)
Cash Dividends Paid
0.0
0.0
0.0
Other Noncurrent Assets
Current Liabilities
Total Liabilities
Shareholders' Equity
Shares Outstanding (mil.)
Cash Flow Statement
Net Change in Cash
Depreciation & Amortization
29
Report Builder Results − Starbucks Corporation − Hoover's Online
Historical Auditors
Auditor Name
Year
Deloitte & Touche LLP
Data Definitions
2003
Some financial information provided by
CoreData LLC , Richmond, Virginia
30
Report Builder Results − Starbucks Corporation − Hoover's Online
Quarterly Financials
All amounts in millions of US Dollars
Quarter
Ending Dec 04
Quarter
Ending Sep 04
Revenue
1,589.5
1,453.3
1,318.7
1,241.1
1,281.2
Cost of Goods Sold
1,162.0
1,171.2
1,024.7
927.2
928.5
427.5
282.1
294.0
313.9
352.7
26.9%
19.4%
22.3%
25.3%
27.5%
127.9
80.5
73.4
120.8
113.7
85.3
69.8
80.3
80.8
73.9
Operating Income
214.3
131.8
140.3
112.3
165.1
Operating Margin
13.5%
9.1%
10.6%
9.0%
12.9%
18.0
27.3
17.9
16.0
13.6
0.0
0.0
0.0
0.0
0.0
232.3
159.1
158.2
128.3
178.7
87.6
55.7
60.1
48.7
67.9
Net Income After Taxes
144.7
103.4
98.1
79.6
110.8
Continuing Operations
144.8
103.4
98.1
79.5
110.8
0.0
0.0
0.0
0.0
0.0
Total Operations
144.8
103.4
98.1
79.5
110.8
Total Net Income
144.8
103.4
98.1
79.5
110.8
Net Profit Margin
9.1%
7.1%
7.4%
6.4%
8.6%
Diluted EPS from Continuing
Operations ($)
0.35
0.25
0.24
0.19
0.27
Diluted EPS from
Discontinued Operations ($)
0.00
0.00
0.00
0.00
0.00
Diluted EPS from Total
Operations ($)
0.35
0.25
0.24
0.19
0.27
0.00
0.00
0.00
0.00
0.00
Quarter
Ending Dec 04
Quarter
Ending Sep 04
Quarter Quarter Ending
Ending Jun 04
Mar 04
Quarter
Ending Dec 03
Income Statement
Gross Profit
Gross Profit Margin
SG&A Expense
Depreciation & Amortization
Nonoperating Income
Nonoperating Expenses
Income Before Taxes
Income Taxes
Discontinued Operations
Quarter Quarter Ending
Ending Jun 04
Mar 04
Quarter
Ending Dec 03
Diluted EPS from Total Net
Income ($)
Dividends per Share
Balance Sheet
31
Report Builder Results − Starbucks Corporation − Hoover's Online
Assets
Current Assets
Cash
643.5
299.1
383.4
370.1
448.3
Net Receivables
149.4
140.2
122.8
118.6
122.8
Inventories
379.5
422.7
385.3
307.2
305.5
Other Current Assets
480.3
506.4
480.3
425.5
348.0
Total Current Assets
1,652.7
1,368.5
1,371.7
1,221.3
1,224.7
Net Fixed Assets
1,655.1
1,471.4
1,383.1
1,372.0
1,381.3
512.0
488.3
469.6
502.4
471.0
3,819.8
3,328.2
3,224.3
3,095.7
3,077.1
Quarter
Ending Dec 04
Quarter
Ending Sep 04
Quarter Quarter Ending
Ending Jun 04
Mar 04
Quarter
Ending Dec 03
Accounts Payable
161.2
199.3
142.1
157.9
144.7
Short−Term Debt
0.7
0.7
0.7
0.7
0.7
Other Current Liabilities
684.3
582.9
576.2
535.7
644.7
Total Current Liabilities
846.4
783.0
719.0
694.3
790.0
3.4
3.6
3.8
4.0
4.2
154.5
8.1
7.0
6.4
2.5
1,018.5
841.3
774.8
742.3
830.7
Preferred Stock Equity
0.0
0.0
0.0
0.0
0.0
Common Stock Equity
2,801.1
2,486.8
2,449.5
2,353.4
2,246.4
Total Equity
2,801.1
2,486.8
2,449.5
2,353.4
2,246.4
402.8
397.4
398.3
397.6
395.7
Quarter
Ending Dec 04
Quarter
Ending Sep 04
Quarter Quarter Ending
Ending Jun 04
Mar 04
Quarter
Ending Dec 03
Net Operating Cash Flow
407.9
793.8
600.7
464.3
378.7
Net Investing Cash Flow
(159.3)
(632.2)
(441.3)
(329.9)
(164.8)
Net Financing Cash Flow
91.2
(66.5)
20.6
32.0
30.5
344.4
98.2
182.5
169.2
247.4
Other Noncurrent Assets
Total Assets
Liabilities and
Shareholders' Equity
Current Liabilities
Long−Term Debt
Other Noncurrent Liabilities
Total Liabilities
Shareholders' Equity
Shares Outstanding (mil.)
Cumulative Cash Flow
Statement
Net Change in Cash
32
Report Builder Results − Starbucks Corporation − Hoover's Online
Depreciation & Amortization
85.3
69.8
80.3
80.8
73.9
Capital Expenditures
(173.4)
(393.7)
(221.1)
(128.7)
(59.1)
Cash Dividends Paid
0.0
0.0
0.0
0.0
0.0
Data Definitions
Some financial information provided by
CoreData LLC , Richmond, Virginia
33
Report Builder Results − Starbucks Corporation − Hoover's Online
Historical Financials & Employees
Income Statement
Revenue
($ mil.)
Net Income
($ mil.)
Net Profit
Margin
Employees
Sep 04
5,294.2
391.8
7.4%
96,700
Sep 03
4,075.5
268.3
6.6%
74,000
Sep 02
3,288.9
215.1
6.5%
62,000
Sep 01
2,649.0
181.2
6.8%
54,000
Sep 00
2,169.2
94.6
4.4%
47,000
Sep 99
1,680.1
101.7
6.1%
37,000
Sep 98
1,308.7
68.4
5.2%
26,000
Sep 97
966.9
57.4
5.9%
25,000
Sep 96
696.5
42.1
6.0%
16,600
Sep 95
465.2
26.1
5.6%
11,500
Year
Stock History
Stock Price ($)
Year
P/E
Per Share ($)
FY
High
FY
Low
FY
Close
High
Low
Earns.
Div.
Book
Value
Sep 04
48.4
28.8
45.5
50.9
30.3
0.9
0.0
6.3
Sep 03
31.0
19.6
28.8
46.2
29.3
0.7
0.0
5.3
Sep 02
25.7
14.2
20.7
47.6
26.2
0.5
0.0
4.4
Sep 01
25.7
13.5
14.8
55.8
29.3
0.5
0.0
3.6
Sep 00
22.6
10.7
20.0
90.5
42.8
0.3
0.0
3.1
Sep 99
20.5
7.9
12.4
75.9
29.2
0.3
0.0
2.6
Sep 98
15.0
7.2
9.1
78.8
37.8
0.2
0.0
2.2
Sep 97
11.2
6.5
10.4
65.8
38.4
0.2
0.0
1.7
Sep 96
9.0
3.6
8.3
64.1
25.9
0.1
0.0
1.5
Sep 95
5.5
2.7
4.7
61.4
29.9
0.1
0.0
1.1
2004 Year−End Financials
Debt ratio
0.1%
Return on equity
15.8%
Cash ($ mil.)
299.1
Current ratio
1.75
34
Report Builder Results − Starbucks Corporation − Hoover's Online
Long−term debt ($ mil.)
3.6
Shares Outstanding (mil.)
397.4
Dividend yield
0.0%
Dividend payout
0.0%
Market Cap ($ mil.)
18,066.1
Historical Auditors
Auditor Name
Year
Deloitte & Touche LLP
2003
Data Definitions
Some financial information provided by
CoreData LLC , Richmond, Virginia
35
Report Builder Results − Starbucks Corporation − Hoover's Online
Market Data
Current Information
Last Close 5−Apr−2005
$51.74 Price/Sales Ratio
3.69
52−Week High
$64.26 Price/Book Ratio
7.38
52−Week Low
$36.74 Price/Earnings Ratio
60−Month Beta
Market Cap (mil.)
Shares Outstanding (mil.)
Dividend Rate
Dividend Yield
50.23
0.7 Price/Cash Flow Ratio
27.82
$20,677.1 Return on Assets
11.1%
399.6 Return on Equity
15.2%
0.00 Current Ratio
1.95
0.0% Long−Term Debt/Equity
0.00
# of Institutional Holders
668 % Owned by Institutions
74.0%
Latest Short Interest Ratio
3.30 Latest Net Insider Transactions
Growth Rates
12 Month
36 Month
60 Month
Revenue Growth
28.7%
22.5%
23.3%
EPS Growth
39.2%
23.2%
29.0%
−−
−−
−−
Dividend Growth
Data Definitions
Some financial information provided by
CoreData LLC , Richmond, Virginia
36
Report Builder Results − Starbucks Corporation − Hoover's Online
(400.00)
Comparison Data
Company
Industry1
Market2
Gross Profit Margin
23.52%
24.85%
48.35%
Pre−Tax Profit Margin
12.10%
11.69%
9.68%
Net Profit Margin
7.60%
7.34%
6.29%
Return on Equity
15.2%
15.6%
11.9%
Return on Assets
11.1%
11.7%
2.0%
Return on Invested Capital
15.2%
15.6%
5.7%
Company
1
Market2
3.69
3.81
1.35
50.23
53.55
21.62
7.38
8.12
2.55
27.82
29.21
11.69
Company
Industry1
Market2
Days of Sales Outstanding
9.60
9.82
50.28
Inventory Turnover
12.5
11.2
7.9
Days Cost of Goods Sold in Inventory
29
32
45
Asset Turnover
1.6
1.7
0.3
41.2
40.5
7.5
37.2%
37.1%
32.5%
Company
Industry1
Market2
1.95
1.70
1.41
1.3
1.0
1.0
Leverage Ratio
1.36
1.34
5.96
Total Debt/Equity
0.00
0.00
1.40
Interest Coverage
−−
−−
2.90
Company
1
Market2
14.02
13.50
21.26
Fully Diluted Earnings Per Share
from Total Operations
1.03
0.96
1.33
Dividends Per Share
0.00
0.00
0.48
Cash Flow Per Share
1.86
1.76
2.46
Working Capital Per Share
2.02
1.36
2.27
Long−Term Debt Per Share
0.01
0.01
12.02
Profitability
Valuation
Price/Sales Ratio
Price/Earnings Ratio
Price/Book Ratio
Price/Cash Flow Ratio
Operations
Net Receivables Turnover Flow
Effective Tax Rate
Financial
Current Ratio
Quick Ratio
Per Share Data ($)
Revenue Per Share
37
Report Builder Results − Starbucks Corporation − Hoover's Online
Industry
Industry
Book Value Per Share
7.01
6.33
11.27
Total Assets Per Share
9.56
8.50
67.15
Company
1
Market2
Growth
Industry
12−Month Revenue Growth
28.7%
29.8%
11.1%
12−Month Net Income Growth
41.5%
44.4%
28.1%
12−Month EPS Growth
39.2%
41.2%
20.9%
12−Month Dividend Growth
−−
−−
9.1%
36−Month Revenue Growth
22.5%
25.6%
7.3%
36−Month Net Income Growth
24.9%
30.3%
69.0%
36−Month EPS Growth
23.2%
29.1%
70.0%
−−
−−
4.9%
36−Month Dividend Growth
1Industry:
Specialty Eateries
Industry classifications
are from CoreData LLC
2
.
Public companies trading on the New York Stock Exchange, the American Stock Exchange, and the NASDAQ National Market.
Data Definitions
Some financial information provided by
CoreData LLC , Richmond, Virginia
38
Report Builder Results − Starbucks Corporation − Hoover's Online
Competitive Landscape
KEY: Best of Group. Companies listed are Top Competitors.
Starbucks
Caribou
Coffee1
Diedrich
Coffee
Dunkin
Brands1
Annual Sales ($ mil.)
5,294.2
150.0
54.6
405.9
Employees
96,700
4,000
807
1,200
20,677.1
0.0
26.9
0.0
Starbucks
Caribou
Coffee1
Diedrich
Coffee
Gross Profit Margin
23.52%
−−
10.39%
−−
24.85%
48.35%
Pre−Tax Profit Margin
12.10%
−−
0.18%
−−
11.69%
9.68%
Net Profit Margin
7.60%
−−
0.18%
−−
7.34%
6.29%
Return on Equity
15.2%
−−
0.6%
−−
15.6%
11.9%
Return on Assets
11.1%
−−
0.4%
−−
11.7%
2.0%
Return on Invested Capital
15.2%
−−
0.5%
−−
15.6%
5.7%
Starbucks
Caribou
Coffee1
Diedrich
Coffee
3.69
−−
0.48
−−
3.81
1.35
50.23
−−
255.50
−−
53.55
21.62
7.38
−−
1.58
−−
8.12
2.55
27.82
−−
10.43
−−
29.21
11.69
Starbucks
Caribou
Coffee1
Diedrich
Coffee
Days of Sales Outstanding
9.60
−−
27.10
−−
9.82
50.28
Inventory Turnover
12.5
−−
17.3
−−
11.2
7.9
Days Cost of Goods Sold in
Inventory
29
−−
21
−−
32
45
Asset Turnover
1.6
−−
2.0
−−
1.7
0.3
41.2
−−
14.8
−−
40.5
7.5
37.2%
−−
0.0%
−−
37.1%
32.5%
Starbucks
Caribou
Coffee1
Diedrich
Coffee
1.95
−−
1.15
−−
1.70
1.41
1.3
−−
0.7
−−
1.0
1.0
1.36
−−
1.60
−−
1.34
5.96
Key Numbers
Market Cap ($ mil.)
Profitability
Valuation
Price/Sales Ratio
Price/Earnings Ratio
Price/Book Ratio
Price/Cash Flow Ratio
Operations
Net Receivables Turnover Flow
Effective Tax Rate
Financial
Current Ratio
Quick Ratio
Leverage Ratio
39
Report Builder Results − Starbucks Corporation − Hoover's Online
Dunkin
Industry2 Market3
Brands1
Dunkin
Industry2 Market3
Brands1
Dunkin
Industry2 Market3
Brands1
Dunkin
Industry2 Market3
Brands1
Total Debt/Equity
0.00
−−
0.13
−−
0.00
1.40
Interest Coverage
−−
−−
1.30
−−
−−
2.90
Starbucks
Caribou
Coffee1
Diedrich
Coffee
14.02
0.00
10.58
0.00
13.50
21.26
Fully Diluted Earnings Per Share
from Total Operations
1.03
0.00
0.02
0.00
0.96
1.33
Dividends Per Share
0.00
0.00
0.00
0.00
0.00
0.48
Cash Flow Per Share
1.86
0.00
0.49
0.00
1.76
2.46
Working Capital Per Share
2.02
0.00
0.23
0.00
1.36
2.27
Long−Term Debt Per Share
0.01
0.00
0.32
0.00
0.01
12.02
Book Value Per Share
7.01
0.00
3.24
0.00
6.33
11.27
Total Assets Per Share
9.56
0.00
5.20
0.00
8.50
67.15
Starbucks
Caribou
Coffee1
Diedrich
Coffee
12−Month Revenue Growth
28.7%
−−
5.3%
−−
29.8%
11.1%
12−Month Net Income Growth
41.5%
−−
−−
−−
44.4%
28.1%
12−Month EPS Growth
39.2%
−−
−−
−−
41.2%
20.9%
12−Month Dividend Growth
−−
−−
−−
−−
−−
9.1%
36−Month Revenue Growth
22.5%
−−
(4.9%)
−−
25.6%
7.3%
36−Month Net Income Growth
24.9%
−−
−−
−−
30.3%
69.0%
36−Month EPS Growth
23.2%
−−
−−
−−
29.1%
70.0%
−−
−−
−−
−−
−−
4.9%
Per Share Data ($)
Revenue Per Share
Growth
36−Month Dividend Growth
1
Dunkin
Industry2 Market3
Brands1
Dunkin
Industry2 Market3
Brands1
Data unavailable.
Industry: Specialty Eateries
Industry classifications
are from CoreData LLC
.
3 Public companies trading on the New York Stock Exchange, the American Stock Exchange, and the NASDAQ National Market.
2
Data Definitions
Some financial information provided by
CoreData LLC , Richmond, Virginia
40
Report Builder Results − Starbucks Corporation − Hoover's Online
Copyright 2005, Hoover's, Inc., ALL RIGHTS RESERVED
41
Report Builder Results − Starbucks Corporation − Hoover's Online
