With more than 30,000 locations spread across 80 countries, Starbucks is one of the biggest coffee brands in the world. It is highly known for both its excellent customer service and fine coffee. However, did you ever wonder how much money Starbucks makes off of each cup of coffee? We will examine the response to this query as well as some related queries in this article.
Every day, Starbucks sells an incredible volume of coffee. Starbucks sold 4.2 billion cups of coffee in 2020, according to Statista. This translates to 11.5 million cups of coffee being consumed daily on average. This astounding figure demonstrates how well-liked Starbucks coffee is.
How many cups of coffee are sold each day in a single Starbucks location is a challenging question to answer. Depending on the area, size of the store, and time of day, the number may change. But according to a Business Insider study, there are typically 500 or more transactions per store each day. This indicates that each establishment sells about 500 cups of coffee every day, assuming that each transaction contains at least one cup of coffee.
Depending on the type of coffee and the area, the cost of a pound of coffee can change. The National Coffee Association estimates that in 2020, a pound of coffee will cost, on average, $5.20 at retail. In contrast, speciality coffee can cost significantly more, which leads to our next query.
Specialty coffee is a variety of coffee farmed under particular guidelines and expertly roasted to highlight its distinctive flavors and smells. Even though it is frequently more expensive than normal coffee, many consumers think it is still worth the extra cost. Small-scale farmers who employ sustainable growing methods are frequently the source of specialty coffee, which may result in the coffee being more environmentally friendly. Additionally, speciality coffee’s distinctive flavors and fragrances can make drinking coffee more pleasurable.
How much money does Starbucks make from each cup of coffee, then? It is challenging to estimate the precise sum because it varies based on the region and the price of the goods sold. Starbucks reportedly generates a profit of about $0.60 every cup of coffee, though. Despite the fact that this may not seem like much, when you consider how many cups of coffee Starbucks sells every day, the total revenue grows significantly.