The world's largest American chain of coffee houses, Starbucks, plans to increase its revenue three times in China. It is planned to achieve results by 2022. The company intends to increase the number of coffee houses by half, so that in a few years their number reaches 6,000. To date, there are more than 3 thousand coffee shops in 141 cities in China. In the past fiscal year, the profit of coffee houses located in China amounted to $764.8 million. If the plans of Starbucks are implemented, it will positively affect the company's shares.
Since early May, Starbucks shares have grown by 1.7% and will continue to grow based on the news. Trading will be available during the American session, from 13:40 to 20:00 GMT.
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