There's going to be even moreStarbucks (
) stores in the world. On Wednesday, the coffee giant announced
further plans to expand into Southeast Asia.
Starbucks unveiled plans to open 100 new stores in Malaysia
over the next fours years and said that it'll look into ways to
expand into channels such as grocery and convenience stores. It
currently has 141 stores in Malaysia.
In recent months, the company announced plans to open more
stores in Indonesia and the Philippines. And it has pledged to
double its store count in Thailand.
Starbucks still does a big part of its business in the
Americas region, which includes the U.S., Canada and Latin
America. Last fiscal year ended in September, the Americas
accounted for 75% of total revenue.
But as Chief Executive Howard Schultz noted in a press release
in April, Southeast Asia represents a strong growth opportunity.
The region has a population of more than 600 million, with an
emerging middle class.
The Seattle-based firm has a long history of strong growth.
Except for an 18% drop in 2008, profit has grown by double digits
each year since at least 1995. Analysts polled by Thomson Reuters
see profit rising 22% to $2.18 a share this year.
Starbucks only started paying shareholders cash dividends
about three years ago. It has since raised its quarterly dividend
from a dime a share to 21 cents. The company last raised the
payout in November.
At an annual rate of 84 cents a share, Starbucks has a yield
of about 1.3%. Although this is one of the lowest in the
Retail-Restaurants group, Starbucks has one of the highest
On Wednesday, Starbucks closed back above a 65.03 buy point
from a three-weeks-tight pattern. It initially cleared the
secondary buy setup June 7 in heavy trading.