Last quote by Andrew Strelzik
Starbucks management has been touting the strength of new store productivity in the US, but the strong new store performance appears to be coming–at least in part–at the expense of existing store traffic.feedback
Andrew Strelzik has been quoted 5 times in 4 different articles. On this page, you will find all of Andrew Strelzik’s quotes organized by date and topic. Alongside each quote is a link back to the article where the quote was reported, so you can go back to the source for more context if you need it. Topics that Andrew Strelzik speaks about are increase and entry, for example. Most recently, Andrew Strelzik was quoted in the article Starbucks saturation fears: Each store now has almost 4 other Starbucks within 1 mile saying, “Cannibalization likely has increased. Strong new store performance appears to be coming – at least in part – at the expense of existing store traffic.”.
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Quotes by Andrew Strelzik
Aug 09 2017
Cannibalization likely has increased. Strong new store performance appears to be coming – at least in part – at the expense of existing store traffic.feedback
Aug 09 2017
75 percent of Starbucks locations in California (Starbucks' largest U.S. market representing approximately 20 percent of its U.S. footprint) now have a store within a one-mile radius. There are now 3.6 Starbucks locations within a one-mile radius of the typical Starbucks in the U.S. relative to 3.3 and 3.2 stores in 2014 and 2012 respectively.feedback
Jul 19 2017
While norovirus at a single location is not overly significant on the surface, we believe there is greater uncertainty now as there is a reasonable probability that media coverage will outweigh the severity of the incident and create renewed same-store sales weakness, expanding downside risk within our framework.feedback
Dec 13 2016
We believe investors should wait for a more attractive entry point given 25% increase in valuation over the last five months (more than double casual dining average), near-term guidance risk, and our cautious approach to relying on a pull-forward of timing and strong execution of initiatives.feedback
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