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-8.73591333973172E-05 -8.73591333973172E-05 0.00192190093474284 0.00515418887044644 0.00497947060365168 -0.00148510526775563 -0.00742552633877867 -0.000103083777408874
Stock impact report

Starbucks sees room to expand with hundreds of new US stores and increased seating [Yahoo! Finance]

Dutch Bros Inc. (BROS) 
Company Research Source: Yahoo! Finance
locations, doubling down on a strategy of emphasizing the company's cafes as community hubs even as consumer demand for drive-thru coffee grows. The company unveiled its plans during a presentation in New York for investors. After announcing in September that it would close hundreds of less profitable stores , Starbucks said it now expects to open up to 175 new U.S. coffee shops this year and around 400 in 2028. Its plans include smaller-format stores that are 20% cheaper to build but still offer comfortable seating, drive-thru service and mobile order pickup capacity. Chairman and CEO Brian Niccol said Starbucks ultimately sees an opportunity to build at least 5,000 new cafes across the U.S., with the smaller store format presenting much of that opportunity. There are thousands of sites where no Starbucks operates within a mile of a competitor, he said. Starbucks is particularly eyeing the central, southern and northeastern U.S. for store development. In some ways, Starbucks Show less Read more
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