FoodBud
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RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

Global foodservice chain intelligence. Every figure should link back to a source.

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Company card

Starbucks

Medium
Brand

Nasdaq SBUX · US

Listing status
listed
Operating model
Direct / managed estate
Scale basis
Revenue proxy
Confidence
Medium
Segment
coffee

Direct-store economics are usable; do not treat total net revenue divided by total stores as a clean AUV because licensed revenue is franchisor/supply/royalty-style revenue.

Scale basis note

Recognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Stores
Reported restaurant, coffee shop, tea shop, bakery, or comparable chain units.
40,990 stores
FY2025: 40,990 stores globally as of the fiscal year ended September 28, 2025, comprising 21,514 company-operated and 19,476 licensed stores.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · 40,990 stores globally as of the fiscal year ended September 28, 2025, comprising 21,514 company-operated and 19,476 licensed stores.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Scale
Recognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
$37.18B
FY2025: Total net revenues $37,184.4 million for the fiscal year ended September 28, 2025.
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Total net revenues $37,184.4 million for the fiscal year ended September 28, 2025.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Revenue proxy
Precision: Source-backed
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$907,158
Screening proxy
Derived scale_per_store using scale ÷ store_count at the linked scale basis; not a separately reported company metric.
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$1.86B
FY2025: Net earnings attributable to Starbucks $1,856.4 million for the fiscal year ended September 28, 2025.
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Net earnings attributable to Starbucks $1,856.4 million for the fiscal year ended September 28, 2025.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$37.18B
USD 37.18B revenue (Revenues)
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Source-backed

Market data (listed companies)

Market valuation · fluctuates · not operational scale · do not compare with GMV / system sales. Listed companies only.

MetricValuePeriod / basisQualitySource
Market cap
Public market capitalization captured in the locked source snapshot.
$117.51B
Directional proxy
May 2026: Unverified: no citable primary disclosure with a verbatim excerpt found. Stored value $117,510,000,000 as of May 22, 2026 is plausible (May 1, 2026 was ~$120.70B per public.com; May 8 was ~$119.5B per capital.com) but no source provides dai
Market cap (USD)Scale basis not specified. Use as a screening signal until a source pack is attached.
Directional proxy
S3 supplementary (opens in new tab)
Media Or Aggregator · Unverified: no citable primary disclosure with a verbatim excerpt found. Stored value $117,510,000,000 as of May 22, 2026 is plausible (May 1, 2026 was ~$120.70B per public.com; May 8 was ~$119.5B per capital.com) but no source provides dai
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Market cap (USD)
Precision: Market snapshot · not operational scale
⚠ Do not use for: Market valuation · not operational scale · never compare with GMV/system sales

Operator profile

12/19 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
coffee cafeS3 supplementary (opens in new tab)
Cuisine (secondary)
tea beverageS3 supplementary (opens in new tab)
Service model
coffee cafetier3_reference (opens in new tab)
Price tier
premiumtertiary (opens in new tab)
Company
Founded
1,971company (opens in new tab)
HQ country
United Statesaggregator (opens in new tab)
CEO
Brian Niccolregulatory (opens in new tab)
Employees
381,000 headcountaggregator (opens in new tab)
Ownership
Parent
Independent / public-standalone (no corporate parent; widely held, Nasdaq:SBUX)encyclopedic (opens in new tab)
PE / holding
not disclosed
Recent M&A
not disclosed
Growth
Revenue YoY
3%S1 official primary (opens in new tab)
Net new units
791 unitsS1 official primary (opens in new tab)
Pricing & digital
Avg check
not disclosed
Digital sales
not disclosed
Loyalty members
34.2company (opens in new tab)
Franchise terms
Royalty
not disclosed
Franchise fee
not disclosed
By-market footprint
Canada
1,447 stores◑derivedS1 official primary (opens in new tab)
China (company-operated only)
8,009 stores◑derivedS1 official primary (opens in new tab)
Indonesia (licensed only)
597 stores◑derivedS1 official primary (opens in new tab)
International
22,679 storesS1 official primary (opens in new tab)
Japan (company-operated only)
1,883 stores◑derivedS1 official primary (opens in new tab)
Korea (licensed only)
2,077 stores◑derivedS1 official primary (opens in new tab)
Latin America (licensed only)
1,813 stores◑derivedS1 official primary (opens in new tab)
North America
18,311 storesS1 official primary (opens in new tab)
Philippines (licensed only)
520 stores◑derivedS1 official primary (opens in new tab)
Taiwan (licensed only)
592 stores◑derivedS1 official primary (opens in new tab)
Thailand (licensed only)
550 stores◑derivedS1 official primary (opens in new tab)
Turkey (licensed only)
762 stores◑derivedS1 official primary (opens in new tab)
United Kingdom
1,424 stores◑derivedS1 official primary (opens in new tab)
United States
16,860 stores◑derivedS1 official primary (opens in new tab)

Store counts by market/region — footprint context, not a same-basis comparison.

Disclosed store model

disclosed5/5 source-backed

Company-operated vs franchised footprint, AUV and store-level economics — taken verbatim from each operator's own filing, never inferred. A separate axis from company scale and single-store economics.

Total stores
40,990 stores
FY2025, as of fiscal year-end September 28, 2025
Source-backedS1 official primary (opens in new tab)
Company-operated
21,514 stores
FY2025, as of fiscal year-end September 28, 2025 (fiscal year October 1, 2024 - September 28, 2025)
Source-backedS1 official primary (opens in new tab)
Franchised
19,476 stores
FY2025, as of fiscal year-end September 28, 2025
Source-backedS1 official primary (opens in new tab)
New units opened
1,261 stores
FY2025 (October 1, 2024 - September 28, 2025), company-operated stores opened
Source-backedS1 official primary (opens in new tab)
New units opened
1,001 stores
FY2025 (October 1, 2024 - September 28, 2025), licensed stores opened
Source-backedS1 official primary (opens in new tab)

Single-store model

6/8 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Blended company-operated revenue/store is not a mature-store AUV and is not franchisee revenue.
FY2025 company-operated store revenue was USD30.7448b across 21,514 company-operated stores, implying about USD1.429m revenue per company-operated store.
FY2025
Source-backedS1 official primary (opens in new tab)
Single-store profit
Not a store-level P&L; includes segment-level cost structure.
North America operating margin was 11.5%; International operating margin was 12.1%. These are segment margins, not single-store EBITDA.
FY2025
Source-backedS1 official primary (opens in new tab)
Initial investment
Do not infer unit capex from aggregate corporate capex without a store-development bridge.
—
FY2025
GapS1 official primary (opens in new tab)
Franchise fee / royalty
No licensed-store system sales or royalty percentage is disclosed in this row.
FY2025 licensed-store revenue was USD4.3504b and licensed stores were 19,476; licensees pay royalties/license fees and buy certain products and equipment.
FY2025
Source-backedS1 official primary (opens in new tab)
Payback period
AUV and segment margins do not imply payback.
—
FY2025
GapS1 official primary (opens in new tab)
Same-store sales
This row emphasizes North America/U.S.; International needs a separate country mix pass.
FY2025 comparable store sales declined 2% in North America and the U.S.; transactions declined 4% and average ticket increased 2%.
FY2025
Source-backedS1 official primary (opens in new tab)
Store open / close
Metric value stores the company-operated closure rate; value text also records licensed movement.
Company-operated stores started at 21,018, opened 1,261, closed 877 and ended at 21,514; licensed stores opened 1,001, closed 594 and ended at 19,476.
FY2025
Source-backedS1 official primary (opens in new tab)
Company-operated share
Licensed is not identical to a standard franchise system.
At 2025-09-28 Starbucks had 40,990 stores: 21,514 company-operated and 19,476 licensed, implying 52.5% company-operated and 47.5% licensed.
2025-09-28
Source-backedS1 official primary (opens in new tab)

Cost structure

3/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS30.9%
FY2024S1 official primary (opens in new tab)Source-backed
Product&distribution 30.9 = food/COGS proxy. Labor embedded in store operating expenses 42.3% (not split). Occupancy 8.4% sub-component. Op margin group 15.0%.
Labor—
FY2024Gap
Product&distribution 30.9 = food/COGS proxy. Labor embedded in store operating expenses 42.3% (not split). Occupancy 8.4% sub-component. Op margin group 15.0%.
Rent / occupancy8.4%
FY2024S1 official primary (opens in new tab)Source-backed
Product&distribution 30.9 = food/COGS proxy. Labor embedded in store operating expenses 42.3% (not split). Occupancy 8.4% sub-component. Op margin group 15.0%.
Delivery commission—
FY2024Gap
Product&distribution 30.9 = food/COGS proxy. Labor embedded in store operating expenses 42.3% (not split). Occupancy 8.4% sub-component. Op margin group 15.0%.
Marketing—
FY2024Gap
Product&distribution 30.9 = food/COGS proxy. Labor embedded in store operating expenses 42.3% (not split). Occupancy 8.4% sub-component. Op margin group 15.0%.
Operating margin15%
FY2024· groupS1 official primary (opens in new tab)Source-backed
Product&distribution 30.9 = food/COGS proxy. Labor embedded in store operating expenses 42.3% (not split). Occupancy 8.4% sub-component. Op margin group 15.0%.
Not separately disclosed45.7%

Supply chain

2 suppliers · 0 with S1 filing

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

Quality Custom Distribution / Golden State FoodsPRIVATE
Logistics / cold chain
last-mile foodservice distribution
discloses as: Starbucks
2006-named (no % disclosed)S3 newssource (opens in new tab)
Shiji Group / Shiji Information002153
Tech / SaaS
POS
discloses as: Starbucks China
2017-named (no % disclosed)S3 newssource (opens in new tab)

Related insights

  • Starbucks sold control of China — and changed what its $37 billion in revenue means (opens in new tab)

Peers in this segment

Dutch BrosGMV / system salesTH InternationalRevenue proxy

Same segment — each operator keeps its own scale basis; this is navigation, not a like-for-like comparison.