In 2017, Starbucks is planning to expand its store footprint 8 percent over the course of the next nine months and grow worldwide sales about 5 percent. With a growing presence, Starbucks could see revenue expand in the double digits and earnings per share increase 12 percent.
For 26 of the past 28 fiscal years, it has achieved same-store sales growth of at least 5 percent and appears on track to extend that streak during the current financial year. It might just be a matter of time before Starbucks overtakes McDonald’s as the largest market cap restaurant stock — but it’s not likely in 2017. The coffee chain has some ways to go, with a market cap of around $80 billion to McDonald’s $98.7 billion.
Here are the numbers:
8, 9 | Starbucks plans to expand its store footprint 8 percent in the next nine months.
5 percent | Worldwide sales growth Starbucks expects
12 percent | Per-share earnings increase projected for Starbucks in 2017
26 / 28, 5 | The past 26 out of 28 years, Starbucks has seen at least 5 percent sales growth.
~ $80 billion | Starbucks’ market cap
~ $98.7 billion | McDonald’s market cap