Industry News | February 19, 2015

Forbes Names Starbucks #1 In Food Service

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Starbucks is the ­­­fifth most admired company in the world, according to new research from Fortune magazine, and is the number one company worldwide in the food service industry.

Fortune calls its list “the definitive report card on corporate reputations. Here is the Fortune’s 2015 assessment of Starbucks:

“Operating in 66 countries with nearly 22,000 retail stores, the coffee chain shows no signs of slowing down. The first quarter of 2015 marked its 20th consecutive quarter of 5 percent or more comparable growth. Last year, in an effort to bring in more customers, the company began expanding sales of beer, wine, and an evening menu that includes delicacies like truffle macaroni and cheese. The company has also begun to provide Mobile Order & Pay and even delivery in some U.S. markets.”

Starbucks is also ranked number one in the areas of innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, and quality of products and services.

The top company on the list for 2015 is Apple. The tech company is followed on Fortune's top 10 list by: Apple, Google, Berkshire Hathaway, Amazon, Starbucks, Walt Disney, Southwest Airlines, American Express, General Electric, and Coca Cola.

Since 1983, Fortune has compiled a list of the World's Most Admired Companies. Fortune creates the list from a starting base of 1,400 companies based in the U.S. plus 400 from around the world with revenue above $10 billion. It then surveys 3,800 executives, asking them to rank the top 10 based on the following criteria: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products or services, and global competitiveness.

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.