More than 6,000 partners have participated in the program since its launch in 2016. Additionally, it is evident that Starbucks has placed considerable effort into the effective management and control of operating expenses. Operating margin decreased 60 basis points to 33. The Companys international licensed retail stores are operated through a number of licensing arrangements with prominent retailers. Our nine partner networks employee resource groups highlight an area of diversity with a focus on development of members, community engagement and providing insights to our organization. Operating margin expanded 40 basis points to 16. Some of the Companys trademarks, including Starbucks®, the Starbucks logo and Frappuccino®, as well as other acquired trademarks and trade names such as Seattles Best Coffee® and Torrefazione Italia® are of material importance to the Company.
Further, it may ease Starbucks operating, financing and investment decision making. Specialty Operations Starbucks Specialty Operations strive to develop the Starbucks brand outside the Company-operated retail store environment through a number of channels. There can be no assurance that Starbucks will be able to continue to secure adequate sites at acceptable rent levels or that the Company will be able to attract a sufficient number of qualified personnel. A similar trend is also expected for Starbucks. The Company is under no obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. Starbucks — additional information Starbucks is a publically traded corporation within the coffee shop industry. Conclusion As mentioned earlier, our objective is to analyze the financial performance of Starbucks and evaluate areas where it can improve or maintain its current performance.
The Starbucks experience also includes the availability of free Wi-Fi so customers may take advantage of wireless computing while they relax and enjoy Starbucks coffee. The Company faces intense competition from both restaurants and other specialty retailers for suitable sites for new stores and qualified personnel to operate both new and existing stores. Lastly, Starbucks can just keep the cash as is and use it as a buffer for future liquidity needs. They also serve various food items that complement their coffee selection. In addition, the Company has registered and maintains numerous Internet domain names, including Starbucks. The quality and diversity of growth drivers in the business, combined with our continued focus on operational excellence, gives us confidence in sustainable, strong profitable growth.
One way to help with this would be to partner with the suppliers to negotiate a better price of goods. This factor will involve significant price-based competition and an increased emphasis on the regular introduction of new products. We are proud to have to have participated in a 2017 White House panel on disability employment and to have achieved a 100 percent score on the Disability Equality Index from 2015 through 2017. Our aspiration is for our leaders to reflect the diversity of our overall workforce, so in 2015, we committed to a 50 percent increase in the representation of women and minorities among our top leaders senior vice presidents and above by 2020. We are committed to nondiscrimination policies regarding sexual orientation, marital status, veteran status, and gender identity or expression in decisions regarding hiring, transfer, promotion, compensation, eligibility for benefits and termination.
While valuable, the Company does not view its current copyrights, patents and domain names as material to its business. The Duetto card is a first-of-its-kind card combining the functionality of a credit card with the convenience of a reloadable Starbucks card. In total, worldwide retail store licensing accounted for approximately 39% of specialty revenues in fiscal 2003. In our , we donated food each night from more than 1,700 stores in 17 U. Why didn't the company just include this amount within the line item for general and administrative expenses? Furthermore, during the five years to 2018, consumer spending is expected to increase. Revenues for Dunkin are much lower than Starbucks.
Department of Justice between 1984 and 1995. Before the recession hit, the industry enjoyed over a decade of strong, consistent growth due to increased consumer spending fueled by rising incomes. The Starbucks Foundation will continue to invest in coffee-, tea- and cocoagrowing communities with a focus on empowering women and families with a goal of reaching 250,000 women and families by 2025. Another factor that should be included is the market share between the two companies. We have been on the forefront of new materials, becoming the first to include post-consumer fiber in our hot cups in 2006, and introducing a more recyclable cup lid in 2017. Dunkin has a high amount of long-term debt and lower revenues than Starbucks. Schultz was also the Companys president.
Company-operated Retail Stores The Companys retail goal is to become the leading retailer and brand of coffee in each of its target markets by selling the finest quality coffee and related products and by providing superior customer service, thereby building a high degree of customer loyalty. Starbucks Canada also launched a new initiative in 2018 to hire 40,000 Opportunity Youth. Starbucks is also more available nationwide, while Dunkin is primarily in the Northeast region of the United States. Casey served as executive vice president and chief financial officer of Family Restaurants, Inc. From 2000 to 2002, Mr. Open Starbucks Annual report for fiscal year 2013 that is, the year ended September 29, 2013.
Actual future results may differ materially depending on a variety of factors including, but not limited to, coffee, dairy and other raw material prices and availability, costs associated with, and the successful execution of, the company's initiatives, strategies and plans, the acceptance of the company's products by our customers, fluctuations in U. Why is it an operating expense? In China, eligible partners can earn a monthly housing subsidy and help care for aging parents with the , which offers critical illness insurance for eligible partners. Investing in Starbucks common stock entails assuming the risk that the Company may not meet the markets high expectations. We observed that productivity was down slightly as indicated by lower sales turnover. He based Starbucks on the espresso bars he had seen in Milan, Italy and by 1989 had 55 stores in North America. Schultz served as chief executive officer from 1985 until June 2000, when he transitioned into the 9 role of chief global strategist.
The Company has over 17,400 points of distribution in 55 countries. Ted Garcia joined Starbucks in April 1995 as senior vice president, Supply Chain Operations and was promoted to executive vice president, Supply Chain and Coffee Operations in September 1997. It has since grown to more than 100 global partners across the industry, including other roasters, nongovernmental organizations and the governments of Mexico and Rwanda, as well as U. We are taking the next step with direct investments in new geographically relevant renewable energy projects. In addition to the competition generated by supermarket sales of coffee, Starbucks competes for whole bean coffee sales with franchise operators and independent specialty coffee stores. Our commitment goes beyond hiring.
Pacific Time, which will be hosted by Howard Schultz, chairman, president and ceo, Jeff Hansberry, president, Channel Development and Emerging Brands and Troy Alstead, cfo. In virtually every major metropolitan area where Starbucks operates and expects to expand, there are local or regional competitors with substantial market presence in the specialty coffee business. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Are any accounts estimate free? The Company has two operating segments, United States and International, each of which include Company-operated retail stores and Specialty Operations. Operating margin increased 230 basis points to 25.