Comparison of Wendy's International, Inc. and Starbucks Corporation Based on Finances Wendy's International, Inc., incorporated in 1969, is primarily engaged in the business of operating, developing and franchising a system of quick-service and fast-casual restaurants. As of December 28, 2003, there were 6,481 Wendy's restaurants (Wendy's) in operation in the United States and in 21 other countries and territories. Of these restaurants, 1,465 were operated by the Company and 5,016 by its franchisees. As of December 28, 2003, the Company and its franchisees operated 2,527 Tim Hortons (Hortons) restaurants with 2,343 restaurants in Canada and 184 restaurants in the United States¡]Smart money, 2004. Starbucks Corporation purchases and roasts whole bean coffees and sells them. As of September 28, 2003 (fiscal year-end 2003), Starbucks operated a total of 4,546 retail stores. Starbucks sells coffee and tea products through other channels, and, through certain of its equity investees. The Company has two operating segments, United States and International, each of which include Company-operated retail stores and Specialty Operations. Starbucks opened 602 new Company-operated stores during fiscal 2003. As of fiscal year-end, Starbucks had 3,779 Company-operated stores in the United States, 373 in the United Kingdom, 316 in Canada, 40 in Australia and 38 in Thailand. ¡]Smart money, 2004¡^ In this financial analysis report, I will compare and contrast these two companies¡¦ finance based on their annual report and related websites. There are four parts in this report. It includes Financial Ratios, WACC, Working Capital and Dividend policy. Part ¢¹Compare and Contrast of the Financial Ratios Profitability Ratios The Retails-Eating Places industry is a very competitive area for companies to survive. Both Starbucks and Wendy¡¦s are excellent companies to earn a lot of profit in this industry. Return on sales (ROS): Harrington (2004) said that ¡§this ratio indicates that what percentage of each dollar of revenue is available for the owners after all the expenses are paid to other suppliers. This ratio is related to net income and net sales which I found from the income statements of both Starbucks and Wendy¡¦s in their annual reports. The return on sales is the key profitability ratio. This ratio tells the analyst what proportion of the revenues ... ... middle of paper ... ...urchasing the company's own shares, acquiring new companies and profitable assets, and reinvesting in financial assets (McClure, 2004) . Bibliography Harrington, D. (2004) Corporate Financial Analysis. 7th ed. Ohio, South-Western. Hoover¡¦s Company Records (2004) database [Internet] Available from: < http://ezproxy.mala.bc.ca:2051/pqdweb?RQT=573&TS=1098648711&clientId=7024&LASTSRCHMODE=2> [Accessed 18 Oct 2004] Mergent Online (2004) database [Internet] Available from: < http://ezproxy.mala.bc.ca:2129/compsearch.asp> [Accessed 12 Oct 2004] Reuters website (2004) Investing [Internet] Available from: [Accessed 15 Oct 2004] Ross, S.A., Westerfield, R.W., Jaffe, J.F., & Roberts, G.S (2001) Corporate Finance. 3 th ed.Toronto, McGraw-Hill Ryerson. Seiler. M, (1996) Adverse selection in capital budgeting decision making. Management Research News, 19(8), pp.61-67 Smart Money website (2004) [Internet] Available from: < http://smartmoney.com/> [Accessed 15 Oct 2004] Wendy¡¦s International, Inc. website (2004) [Internet] Available from: [Accessed 13 Oct 2004] Yahoo Finance website (2004) [Internet] Available from: [Accessed 12 Oct 2004]
In American’s past time there has been lots of racial diversity. African Americans were used as slaves and discriminated by white people in schools, and places of living. Lately there has been a lot of talk about reparations. The definition of reparations is, making of amends for a wrong someone has done, either by paying money or helping the wronged. The article, “A Case for Reparation” by Ta-Nehisi Coates, Coates talksis about the idea of reparations and what it could mean for African Americans living in America. He talks about slavery, racism, and modern day discrimination. This article is a touching representation about how blacks were and still are treated today. Ta-Nehisi Coates ultimately wants reparations but there are some people
Starbucks Corporation is one of the world's largest coffee roaster, marketer, and retailer of coffee. In 1971, three entrepreneurs, Jordan Bowker, Zev Siegel, and Jerry Baldwin opened first Starbucks store in Seattle, WA. In 1982, Howard Schultz joined Starbucks as a marketing director. He came up with the idea to make Starbucks a coffee house chain but Starbucks founders rejected the idea and he left the company in 1985. Later, Schultz started his own coffee bar named “Il Giornale”. In a couple of years, he was able to buy Starbucks Corp. from its original owners. He renamed his coffee bars "Il Giornale" as Starbucks. In 1987, Starbucks opened its first store outside the Seattle in Vancouver and Chicago. In 1996, Starbucks opened its first international store in Tokyo, Japan. [1,2]
In an article by ABC news it was written that “there’s no disputing that African American suffered centuries of enslavement. What’s far less certain, however is what kind of debt is owed to the descendants of those slaves.” They also said “many group of influential lawyers and scholars have profited from slavery.” This goes to show that the people responsible for the enslavement of hundreds of people are profiting from slavery, and that if they did want to pay reparations, they’re unsure how to give it. The article then goes to mention other cases of reparation that have been paid like Germany paying $60 billion to holocaust survivors, and the united states paying $20,000 to over 100,000 Japanese Americans sent to internment camp during world war
At Talbothays, Tess enjoys a period of contentment and happiness. She befriends three of her fellow milkmaids, Izz, Retty, and Marian, and meets a man named Angel Clare with whom she falls in love. They grow closer together throughout Tess's time at Talbothays, and she eventually accepts his proposal to marry him. Still, she is troubled by pangs of conscience and feels she should tell Angel about her past. She tries to write him a confessional note and slip it under his door, but it slides under the carpet; Angel never sees it.
Starbucks Financial Analysis Company Overview Starbucks is the world’s largest specialty coffee retailer, with more than 16,000 retail outlets in more than 35 countries. Starbucks owns more than 8,500 of its outlets, while licensees and franchisees operate more than 6,500 units worldwide, primarily in shopping centers and airports. The outlets offer coffee drinks and food items such as pastries and confections, as well as roasted beans, coffee accessories, teas and a line of compact discs. The company also owns the Seattle's Best Coffee and Torrefazione Italia coffee brands. In addition, Starbucks markets its coffee through grocery stores and licenses its brand for other food and beverage products.
... African Americans, then supporters, activists, lawyers, and the Black community all could stand behind one unified proposal. A proposal that is similar to Japanese-American redress that would seek to compensate individuals, the Black community through education and trust funds that would appreciate over time, and finally be recognized for the atrocities that slavery had on the African American existence in America. There is no question that slavery was both morally and ethically wrong, but somehow our country has become very comfortable with ignoring the impact that slavery had on the Black community. Even though slavery ended over 200 years ago the disadvantages of being Black in America still exist, and until the U.S. government begins to rectify their actions, blacks will continue to lose opportunities and will be no better off than their emancipated ancestors.
"There were 3,000 black slave-owners in the antebellum United States. Are reparations to be paid by their descendants too?" (Horowitz 1) This information is quite often overlooked. When many people talk of slave owners they automatically think Caucasians. Today, I do not know how we would be able to establish who would pay the reparations and who would receive them due to the lack of information we have from so long ago. How are we to know who is a descendant of a slave? I will argue that there is no one person responsible for slavery, so therefore why should a certain category of people owe a debt today?
...ay’s society. Slave descendants have been minimally affected as a result of slavery. I do agree there could be a possible psychological effect as a result of slavery; but other than that, nothing. African-Americans were not alive at the time of slavery, so they do not deserve to be paid for something that they personally did not suffer from. I also believe it would be un-fair for corporations and white individuals to pay for a wrongdoing they did not commit.
“We no longer want 40 acres and a mule, we want justice” an anonymous quote used to describe the fire behind the "Black Lives Matter" movement. Reparations for the legalized enslavement of African Americans is an idea that can be looked at as nonexistent in modern society. First, no amount of land or money can erase the emotional scarring of my ancestors. Secondly slavery has evolved into a new vehicle called systematic racism, that keeps most black working manual labor jobs ,more often than not under the authority of a white counterpart. The biggest question is how? How could you possibly amend slavery? Do you sue the descendent of a slave owner? Do you sue each state who legalized slavery? Even though at one point slavery was legalized in all states.
The importance of economic indicators to the strategic planning process in any organization is the ability to benchmark economic conditions that contribute to improve profitability, business growth and market size. Leadership sets up the mission “to establish Starbucks as the most recognized and respected brand in the world.” In doing so, they have created a set of industry-leading, comprehensive coffee-buying guidelines addressing coffee quality, financial transparency, social and environmental responsibility. Starbucks strategy is also expanding market in globally to provide high quality coffee in convenient and visibility locations. They are continuing to innovate and extend the business with imaginative new ready-to-drink beverages and expanded packaged coffee offerings (Starbucks Corporation, 2007).
Slavery was not illegal in the Unites States until after they thirteenth amendment was passed, therefore reparations would not be a fair justice to those who partook, because they were not committing a crime by having slaves work for them, as the government had no laws against slavery. Reparations would not be necessary, or fair to those now and days because, it was not their doing, as less than 4.8% of southern whites partook in slavery, about 1.4% of all whites in the country. Lastly, the slaves families did not go through the pain and agony that their ancestors went through, therefore why should those of us have to pay now for people just trying to get money because they feel discriminated against, because it doesn’t change the pain the
When starbucks enter the Australian market in 2000, It was successful. Starbucks targeted the capital cities before going into regional centers. The reason is simple, as demand for pricey coffee is higher in the capital cities, and during that time less competition are expected. Starbucks became the leading and competitive company in the coffee chains globally. By 2007, Starbucks has opened more than 84 company-operated stores across the country. It was until mid 2008, that Starbucks realise its peak of success has ended in the Australian market.
Starbucks, a coffee bean sales company did not have much of a marketing plan in place at its inception. Based in Seattle Washington the company began to sell coffee beans to espresso bars and upscale restaurants back in 1982. It took 11 years to progress to that level of production, they originally were a local store vendor at Pike Place Market. The director of marketing brought back the espresso bar idea from his travels in Milan. (Company Profile, 2015) The Pacific Northwest was filled with working class men and women that were drawn to the coffeehouse tradition brought in from Italy.
Starbucks has many business-level strategies, such as cost leadership strategy. Starbucks focused on increasing its profits and compete with other competitors (Starbucks,n.d). According to Starbucks (n.d), “a cost leadership business strategy focuses on gaining advantage by reducing its economic costs below all of its competitors. Although Starbucks targets product differentiation as their main business strategy, they have also implemented cost savings strategies in an effort to maximize profitability. An example of Starbucks cost saving strategy can be identified between 2007 and 2008 when their operational expenses increased by more than $125 million while sales for the same time period were beginning to dip. As outsourcing for distribution contributed to 70% of Starbucks operational expenses, they began targeting these outsourcing agreements for renegotiations in an effort to bring down costs.” Starbucks intended to reduce their
Starbucks is a worldwide company, known for is delicious brews of coffee and seasonal varieties of tasty drinks for any occasion. Starbucks opened with two main goals, sharing great coffee with friends and to help make the world a little better. It originated in the historic Pike Place Market of Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker. The creation of Starbucks’ name came from the seafaring tradition of early coffee traders and the romance evoked from Moby Dick. At the time, this individual shop specialized in the towering quality of coffee over competitors and other brewing services enabling its growth to becoming the largest coffee chain in Washington with numerous locations. In the early 1980s, the current CEO Schultz saw an opportunity for growth in the niche market. After a trip to Italy he brought back the idea of a café style environment of leisure and social meetings to the United States we now see in Starbucks locations today. Schultz ultimately left Starbucks to open his own coffee shop, Il Giornale which turned out to be a tremendous success. Fast forward a year later, Schultz got wind that Starbucks was going to sell all their components of Starbucks including their stores and factories, he immediately acquired the funds to buy Starbucks and linked both operations. Within five years he was able to open more than 125 stores starting in New England, Boston, Chicago, and gradually entered California. He wanted Starbucks to be a franchise system based on the mission of telling the truth and emphasize the quality,