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Starbucks wants to open 2,100



The company released the plan in the fourth quarter earnings earnings release on Thursday. Starbucks (SBUX) has added about 600 new stores in the last quarter and has over 29 300 restaurants in general. Last year, it opened almost 2300 stores.

CEO Kevin Johnson said that in 2019, the company will "focus on our long-term emerging markets in the US and China," the two largest markets.

Revenues grew to $ 6.3 billion in the quarter, which ended in September, up 11% from the same time last year. In the three months ended September, comparable retail sales increased by 4% in the US and 1% in China.

The company pointed to several reasons for the strong domestic appearance, as an upturn in afternoon sales, increasing efficiency in the work of shops and customer interest in icecream.

Starbucks has expanded its portfolio of cold drinks to include low-sugar iced tea and coffee meat as Frappuccino sales have declined. And for the first time this year, the company expanded a happy hour campaign to include drinks beyond just Frappuccinos, and limited discounts to customers who sign up online or use the Starbucks app.

But Starbucks still sees a boost from their more indulgent drinks, like Pumpkin Spice Latte. "It did a great job for us in the quarter," said Operation Director Roz Brewer at an analyst meeting Thursday.

The company unveiled its new holiday cups earlier this Thursday.

Starbucks also does a great job of adapting to how consumers want their coffee.

In the United States, more than 80% of the new stores added this year, drive-thrus. Brewer said that overall, run-thru stores "well-delivered" cafes in the quarter.

The Seattle-based coffee chain announced in May plans to build 3000 new stores on the mainland over the next few years. It will almost double its number of coffee bars in the world's second largest economy to 6000 by the end of 2022. The year's growth in China was driven by new stores.

The company's shares jumped around 9% after the time due to the positive earnings report.


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