MBA_503_Milestone_1_10_11_2020.docx Starbucks Corporation: A Financial Analysis Southe

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MBA_503_Milestone_1_10_11_2020.docx Starbucks Corporation: A Financial Analysis Southern New Hampshire University MBA 503 Financial Accounting and Analysis Starbucks opened its first store in 1... 971 in Seattle™s Pike Place Market. Initially, there were three men who started the coffee giant. The first is Gordon Bowker, a college dropout from Seattle who had discovered his love of coffee on a trip to Italy in 1962. The other two were Bowker's roommates, Jerry Baldwin and Zev Siegl (Starbucks timeline). In 1982, Howard Schultz joined the Starbucks team as the Director of Retail Operations and Marketing. It was during this time that Starbucks began to provide coffee to restaurants and espresso bars. It did not take long for the popular coffee giant to expand it sales nationally. By 1987 it had grown to 17 stores and by 1988it had expanded to 33 stores. At this point, the name was changed to Starbuck™s Corporation. Today, Starbucks operates in seventy-five countries with 25,082 stores (end offiscal 2016) and a gross revenue of $23.1B (Starbucks timeline). Starbucks continues to grow and prosper by selling its ever so popular products to over 75 countries nationwide. In order to interpret thefinancial position and health of the company, one can conduct a vertical and horizontal analysis of the corporation™s balance sheets and income statements for 2018 and 2019. A vertical analysis is a look at a company™s financial statement that reveals the relationship of each item to a specific base (Harrison, et. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

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