Starbucks Holds More Cash Than Many Banks
Starbucks customers in the U.S. and Canada are splashing less cash at the coffee chain than ever before. That doesn't mean that they are buying fewer beverages and snacks. Rather, they are embracing the company's loyalty card (which can be loaded with money) and app. The company has 12 million loyalty members in the U.S. alone and that means that Starbucks boasts a serious amount of cash on its customer cards. Wall Street Journal data featured in Market Watch shows that Starbucks has more customer cash than many banks have in deposits.
American Customer Satisfaction Index: Starbucks in the U.S. 2006-2024
Quarterly revenue of Starbucks Corporation worldwide 2009-2024
Number of stores by Tata Starbucks FY 2013-2024
Sales revenue Starbucks in South Korea 2013-2023
Operating profit Starbucks in South Korea 2013-2023
Gross profit Starbucks South Korea 2015-2023
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