Starbucks navigated a harsh business environment in the previous quarter, particularly in the Chinese market but managed to deliver a decent result. The company’s global comparable store sales increased 7%, driven by a 4% increase in average ticket and a 3% increase in comparable transactions. Starbucks opened 313 net new stores in Q2, ending the period with 34,630 stores globally. Omicron outbreaks occurred in 72% of the 225 cities with Starbucks’ presence, including Shanghai and Shenzhen. Driv ....
01 Jun 2022
Starbucks Corporation: International Expansion Strategy & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (06/22)
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Starbucks Corporation: International Expansion Strategy & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (06/22)
- Published:
01 Jun 2022 -
Author:
Ishan Majumdar -
Pages:
26
Starbucks navigated a harsh business environment in the previous quarter, particularly in the Chinese market but managed to deliver a decent result. The company’s global comparable store sales increased 7%, driven by a 4% increase in average ticket and a 3% increase in comparable transactions. Starbucks opened 313 net new stores in Q2, ending the period with 34,630 stores globally. Omicron outbreaks occurred in 72% of the 225 cities with Starbucks’ presence, including Shanghai and Shenzhen. Driv ....