Although hard to believe, in a recent conference call, Starbucks CEO Howard Schultz predicted that the company's "business in China will be eventually larger than our business in the U.S." This just goes to show that today's premier businesses must have a global vision in order to survive and thrive. Seattle-based Starbucks (SBUX) operates a chain of restaurants that primarily serve coffee and related items. I am bullish on the stock. Still, Schultz's statement might shock some investors during a time when Chinese businesses are grappling with renewed outbreaks of COVID-19.
https://www.tipranks.com/news/article/starbucks-pivots-toward-china-for-conjuring-coffee-cash?utm_source=advfn.com&utm_medium=referral