Starbucks Corporation is possibly the most famous coffeehouse company in the entire world right now. The coffeehouse was founded in 1977 in Washington, United States but now it is a global phenomenon with more than 33,000 stores in almost 80 countries. Starbucks is the biggest coffee chain in the world and has 15,444 stores located in the United States alone.
What is Starbucks’ stock split history?
As of 2023, Starbucks has split its stocks 6 times and each stock split was a 2-for-1 split. The first time Starbucks split its stock was on September 30, 1993. And, only after two years, in 1995, another stock split was carried out. Then, from 1999 to 2005, Starbucks split its stock three times in 1999, 2001, and 2005. All three happened within a short period but the last and the most recent 2-for-1 split happened in 2015, almost 10 years after their previous one. Below is a table detailing Starbucks’ stock split history:
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What was the impact on stock prices after Starbucks’ last stock split?
The price of Starbucks’ stock was monitored closely before and after the company chose to split its stock in 2015. Starbucks’ stock price 7 days before the split was in the range of 95.98 and 93.02. However, 7 days after the stock split, stock prices fell dramatically, ranging from 48.37 to 47.62. Thus, Starbucks was successful in reducing the price of its stock by splitting stocks.
What are Starbucks’ earnings in 2023?
According to Starbucks’ financial report, in the year 2023, the company made current earnings of $5.15 B. The graph of Starbucks’ current earnings shows that in 2021, they earned approximately $6.07 B which fell to $4.80 B in 2022, but then picked up again in 2022. But an overall look at Starbucks’ annual earnings shows that the value fluctuates. Since 2018, the company has had positive and negative changes in earnings alternatively.
FAQs
How much revenue did Starbucks make in 2023?
Starbucks generated a current revenue of approximately $33.99 B, higher than what it earned in 2021 and 2022 ($30.36 B and $32.91 B, respectively).
What is Starbucks’ current ranking in the world?
Currently, Starbucks is ranked 113th on the list of the most valuable companies in the world.
What is Starbucks’ market capitalization?
In 2023, Starbucks’ market cap was approximately $116.78 Billion.
Who owns the most stock in Starbucks?
With 9.3% outstanding shares, The Vanguard Group, Inc owns the most shares in Starbucks.
Conclusion
Starbucks may be the most popular coffeehouse in the world, but its financial reports show that when it comes to revenue and earnings, Starbucks does not have a stable record. Though their stock splits have been successful where a share bought in 1993, would now be equal to 64 shares.
