Starbucks to Top McDonald’s as Restaurant King, Analyst Says
- Coffee chain could evenutally have more than 50,000 cafes
- Nomura’s Kalinowski names Starbucks his 2017 restaurant pick
An employee pours coffee from a round glass jug into a mug at a Starbucks Corp. coffee shop in Phnom Penh, Cambodia on Monday, Oct. 24, 2016.
Photographer: Taylor Weidman/BloombergThis article is for subscribers only.
Starbucks Corp. is poised to overtake McDonald’s Corp. as the world’s most valuable restaurant company, and the coffee giant could ultimately have 50,000 locations -- more than any current chain.
That’s the prediction of Nomura analyst Mark Kalinowski, who named Starbucks his top restaurant stock for 2017 in a report on Tuesday. He estimates that the company will increase its worldwide restaurant count by 8.4 percent this year and boost same-store sales by more than 5 percent.