Starbucks should spin off its China business, Bank of America says

) should consider spinning off its China business due to its volatility, lower profitability, and slower growth compared to other markets.

The analysts note that Starbucks remains well-positioned in China, but the overall market growth has slowed.China’s GDP growth, which is closely correlated with Starbucks’ performance, has been sluggish, and deflationary pressures have resulted in negative ticket growth. In addition, BofA says while coffee consumption is on the rise, it remains low compared to other Asian markets like Japan.

Moreover, they explain that this strategy would allow Starbucks management, particularly new CEO Brian Niccol, to concentrate on the U.S. market, which accounts for 73% of its 2023 EBITDA before corporate expenses.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Bank stock woes hold back the overall market, but Starbucks' new CEO is full steam aheadEvery weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
ソース: CNBC - 🏆 12. / 72 続きを読む »

Ride out future market and economic volatility with these all-weather stocks, Bank of America saysInvestors may want to keep an eye on these stocks to ride out any future market volatility, according to Bank of America.
ソース: CNBC - 🏆 12. / 72 続きを読む »

Bank of America likes these solid dividend-paying stocks for AugustInvestors should look for dividend payers that have above-market yields that are secure, says Bank of America.
ソース: CNBC - 🏆 12. / 72 続きを読む »