Matthew DiFrisco
Matthew DiFrisco
base booming class learned lessons middle needs percent several starbucks stores support
Starbucks has learned several lessons in China. One is that it really doesn't need to go after the masses. All it needs is the upper 10 percent of India's booming middle class to support a base of 100 stores and then go from there.
cents currency high impact looking positive
They were looking for a positive currency impact of about 4-to-6 cents a share, so it's at the high end. But it's not really surprising.