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Stockreport

Caffeine jolts: Coffee shop growth in China sizzles while a bubble tea IPO goes flat [Seeking Alpha]

Starbucks Corporation (SBUX)  More Company Research Source: Seeking Alpha
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
China also passed the United States as the country with the most branded coffee shops in the world, according to data from World Coffee Portal. China was noted to be the fastest growing market in East Asia, ahead of Malaysia (28% growth) and the Philippines (15.3% growth). The U.S. Department of Agriculture forecasts China's demand for coffee will reach an estimated 5M bags in the 2023-24 season, which would make it the seventh-biggest coffee market in the world. Luckin Coffee ( OTCPK:LKNCY ), Starbucks ( NASDAQ: SBUX ), Restaurant Brands' ( QSR ) Tims China ( QSR ), Shanghai-based Manner, and Coca-Cola's ( KO ) Costa Coffee are some of the biggest coffee chains in China. However, there is a new chain that is gaining ground. Cotti Coffee is the chain with the most rapid growth recently and now has 13,296 outlets across two East Asian markets. As of March, Cotti had 6,570 stores on the Chinese mainland, compared with just six in October 2022 when it was launched by Luckin's co-founde [Read more]
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Stockreport

Caffeine jolts: Coffee shop growth in China sizzles while a bubble tea IPO goes flat [Seeking Alpha]

Starbucks Corporation  (SBUX) 
More Company Research Source: Seeking Alpha
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
China also passed the United States as the country with the most branded coffee shops in the world, according to data from World Coffee Portal. China was noted to be the fastest growing market in East Asia, ahead of Malaysia (28% growth) and the Philippines (15.3% growth). The U.S. Department of Agriculture forecasts China's demand for coffee will reach an estimated 5M bags in the 2023-24 season, which would make it the seventh-biggest coffee market in the world. Luckin Coffee ( OTCPK:LKNCY ), Starbucks ( NASDAQ: SBUX ), Restaurant Brands' ( QSR ) Tims China ( QSR ), Shanghai-based Manner, and Coca-Cola's ( KO ) Costa Coffee are some of the biggest coffee chains in China. However, there is a new chain that is gaining ground. Cotti Coffee is the chain with the most rapid growth recently and now has 13,296 outlets across two East Asian markets. As of March, Cotti had 6,570 stores on the Chinese mainland, compared with just six in October 2022 when it was launched by Luckin's co-founde [Read more]
IMPACT SNAPSHOT
EVENT TIME:
SBUX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS