The world's most dominant purveyor of java, Starbucks (NASDAQ: SBUX), operates nearly 35,000 stores worldwide. At Starbucks' investor day earlier this month, the company announced aggressive international expansion plans. A small percentage of these stores will open in the U.S., but Starbucks' main focus will be China, where the company aims to hit 9,000 stores by 2025.
Starbucks (NASDAQ: SBUX) has a new rebound plan. Just a few months after outgoing CEO Howard Schultz said that management had some ideas to "reinvent the company," investors now have clarity on those initiatives. Starbucks is aiming to adjust to evolving demand trends that are increasingly favoring on-the-go coffee consumption.
Starbucks (SBUX) closed at $84.17 in the latest trading session, marking a -0.63% move from the prior day.