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Heard at the Starbucks (SBUX) Investor Conference: 1) The global growth story isn't over,...
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Wednesday, December 5, 2012, 8:25 AM ETHeard at the Starbucks (SBUX) Investor Conference: 1) The global growth story isn't over, according to early comments from CEO Howard Schultz. Plans are in place to have over 20K retail stores on six different continents by 2014. 2) Starbucks in the U.S. isn't overly saturated just yet, with volume growth still setting records. Over 1.5K new U.S. stores are planned for the next five years. 3) In China, Starbucks is "cracking the code" with consumers by adopting to local tastes. 4) The Teavana purchase hasn't been directly addressed yet, but the planned inclusion of Teavana products at stores is a positive sign the deal is on track. (webcast)
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What's going on there???
Sheeesh.
That's why I'm long by the way.