Stock Market News
Starbucks to grow to 55,000 global stores by 2030, sees $3 billion in cost savings
2023.11.02 18:09
© Reuters. FILE PHOTO: An employee stakes a customer’s order as others make drinks at a Starbucks’ outlet at a market in New Delhi, India, May 30, 2023. REUTERS/Anushree Fadnavis/File Photo
(Reuters) – Starbucks (NASDAQ:) is planning to expand its global store footprint to 55,000 stores by 2030, CEO Laxman Narasimhan said on Thursday.
The coffee chain is also targeting cost savings of over $3 billion over the next three years, Narasimhan said while speaking at the company’s 2023 “Reinvention Update and Holiday Launch” conference.
