Starbucks Gets Ready to Go From Tall to Venti in China

A Starbucks in Shanghai Photograph by Tomohiro Ohsumi/Bloomberg

The last year, according to Starbucks Chief Executive Officer Howard Schultz, has been “without question the best year in its 42-year history.” Bullish numbers back up his triumphalism, even if quarterly results trailed analysts’ estimates: a 7 percent increase in global same-store sales, a 24.4 percent surge in profit, and 1,700 new stores around the world.

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