3 Stocks That Could Be Held For The Next 20 Years - Starbucks!

2- Starbucks Millions of people around the world cannot start their day without taking a break at a nearby Starbucks (NASDAQ: SBUX) to grab a cup of coffee or a special beverage. The coffee giant stores are now everywhere and have 33,000 stores worldwide. Although the outbreak led to a decline in Starbucks' fiscal year 2020 results that ended on September 30, 2020, a steady improvement in the company's figures has been reported since then. In the first quarter of fiscal year 2021, revenue hit customer traffic by the impact of the ongoing epidemic, resulting in reduced store working hours or full closures, a 5 percent decline compared to the same period of the previous year. However, Starbucks continued to grow during the quarter, opening 278 new stores! With the Starbucks Rewards program, US memberships increased by 15 percent compared to the previous year, reaching a record level of 21.8 million. The company is committed to opening 600 new stores in China, its second largest market this fiscal year. On the biennial investor day, CEO Kevin Johnson predicts that the coffee market will grow by 5-6 percent annually to $ 450 billion by 2023, creating vast growth opportunities for Starbucks. In addition, Starbucks aims to reach approximately 55,000 stores in 100 different countries by 2030 and is committed to continue increasing the number of sales points.   3 Stocks That Could Be Held For The Next 20 Years - Starbucks! Source: https://www.fool.com/ You may also be interested in: 3 Stocks That Could Be Held For The Next 20 Years - Mastercard