Starbucks plans to grow faster than expected next year, as the company continues to invest in new stores in China and India.
In an announcement of its fiscal year 2012 results, the company said it plans to open 1,300 new stores in 2013, up from a previous forecast of 1,200. It also raised its earnings-per-share forecast to a range of $2.06 to $2.15, which would reflect some 15 to 20 percent annual growth.
The company’s total revenue in 2012 was $3.36 billion.
Nick Brown is the editor of Daily Coffee News by Roast Magazine. Feedback and story ideas are welcome at publisher (at) dailycoffeenews.com, or see the "About Us" page for contact information.