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How Can Competition With Luckin Coffee Affect Starbucks’ Valuation?

From: forbes.com

Starbucks (NASDAQ: SBUX) recently reported its Quarter 1 results (ended December 2018) for the Financial Year 2019. The company beat the consensus in revenues and earnings and posted $6.6 billion and $0.61, respectively. The total revenue is up by 9% year on year and comparable sales are up by 4% globally driven by 3% in average ticket size. China’s comparable sales are up 1% YOY but the Total stores are up by 18% YOY. The company opened 541 net new stores. Of those, over two-thirds are outside the US and about 50% are licensed stores. This takes the Total Store count to 29,865 at the end of December 2018.

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