Starbucks (SBUX): All the Coffee in China
Starbucks (SBUX) is the world’s largest coffee-house chain with 23,768 stores worldwide and more opening every day. Its closest competitor is McDonald’s (MCD) McCafe with around 5,100 locations. At its IPO in 1992, SBUX had 140 outlets and $73.5 million in revenues. In 2016, it is expected to earn around $5.37 billion. SBUX releases 3Q earnings July 21st after-hours.
Cons and Pros
Let’s start with the bad
Starting October 3rd, all US employees w