One 'Triple-Shot Reinvention Strategy' For Starbucks: CEO Unveils Long-Term Plan For Enhancing Revenue And Global Outreach
Portfolio Pulse from Benzinga Neuro
Starbucks Corporation's new CEO, Laxman Narasimhan, has unveiled a long-term strategic plan called the 'Triple-Shot Reinvention Strategy'. The strategy focuses on enhancing the store experience, expanding digital capabilities, and increasing global outreach. The company expects this strategy to lead to a long-term revenue growth of 10% or more and an earnings per share growth of 15% or more. Starbucks also plans to operate 55,000 stores by 2030, a 45% increase from its current 38,000 stores.
November 03, 2023 | 9:34 am
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Starbucks' new strategic plan is expected to drive long-term revenue and earnings per share growth. The company also plans to significantly expand its store count by 2030.
The new strategic plan unveiled by Starbucks' CEO is expected to drive long-term growth for the company. The focus on enhancing store experience, expanding digital capabilities, and increasing global outreach, along with the planned store expansion, are likely to positively impact the company's revenues and earnings per share. This is likely to have a positive impact on the company's stock in the short term.
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