Starbucks Boosts Outlook, Sees 20,000 More Cafes With Worst Over
- CEO Kevin Johnson lays out growth strategy at investor day
- Expanding margins, nationwide oat milk roll-out also planned
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The notion of a Starbucks Corp. on every corner is back, with the chain planning to build more than 20,000 additional locations in the next decade after it has left the pandemic in its wake.
That goal of reaching 55,000 locations by fiscal 2030, up from nearly 33,000 today, was one of several targets laid out by the world’s biggest coffee chain at its investor day Wednesday. Also on the agenda: a boosted sales outlook, expanding margins and a long-awaited oat milk roll-out across the U.S.