Value of Starbucks China Increasingly Important
China will become increasingly important to the value of Starbucks over time as it represents Starbucks’ single-largest unit growth opportunity with the best store-level unit economics
We expect that China will grow nearly twice as fast as Starbucks’ overall earnings and represent an increasingly larger percentage of the company’s earnings
Accelerated Capital Return Plan
Management has announced a share repurchase plan of ~$14bn over the next two years, nearly 20% of the current market cap
