Starbucks Plans To Open Thousands Of New Stores In China by Graphiq
In an interview published by the Wall Street Journal on Tuesday, Starbucks CEO Howard Schultz indicated that the company plans to open 500 new stores every year for the next five years in China. Despite recent turmoil regarding the Chinese market, Schultz expressed a bullish outlook on the world’s largest consumer base. SBUX hopes to capitalize on a Chinese population that is gaining more purchasing power, as well as a growing taste for coffee. The company already has about 2,000 stores in China. Shares of SBUX were up more than 2% during market hours on Tuesday.
Include the following visualizations to highlight the current day performance of SBUX stock, the 1-year performance of Starbucks compared to some of its competitors, SBUX actual & estimate revenue for the last 5 quarters, as well as the 1-year performance of the Shanghai Composite Index and the 5-year GDP per capita growth of China.
