Starbucks CEO Wants To Focus On Growing Profits, Unveils Strategy
Portfolio Pulse from Nabaparna Bhattacharya
Starbucks Corporation has announced a strategy to focus on growing profits, which includes technology partnerships with Microsoft, Apple, and Amazon. The company plans to double hourly income in the U.S. by FY25, expand stores to 55,000 globally by 2030, and double its global Starbucks Rewards Members from 75 million within five years. Starbucks also expects FY24 revenue growth at the lower end of the 10% - 12% forecast and global comparable sales growth to be 5% - 7%.
November 03, 2023 | 12:33 pm
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POSITIVE IMPACT
Apple's partnership with Starbucks could potentially have a positive impact on its stock in the short term.
Apple's partnership with Starbucks, a major global company, could potentially boost investor confidence and lead to a rise in its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Amazon's partnership with Starbucks could potentially have a positive impact on its stock in the short term.
Amazon's partnership with Starbucks, a major global company, could potentially boost investor confidence and lead to a rise in its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Microsoft's partnership with Starbucks could potentially have a positive impact on its stock in the short term.
Microsoft's partnership with Starbucks, a major global company, could potentially boost investor confidence and lead to a rise in its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Starbucks' new strategy to focus on profit growth, including tech partnerships and store expansion, could potentially boost its stock in the short term.
The announcement of Starbucks' new strategy to focus on profit growth, including tech partnerships with major companies and plans for store expansion, could potentially boost investor confidence and lead to a rise in its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100