The Difference Between Growth and Maturity
Looking through the previous financial report of Starbucks and comparing the two data, it is quite interesting:
There are more than 5,000 stores. In the first half of the year, Luckin increased by 106% year-on-year. The Starbucks Chinese market increased by 45% year-on-year in the last quarter (the same China, the same epidemic). Luckin’s single-store revenue increased by 82.7% year-on-year. Store revenue increased by 19% year-on-year;
For other brands, the stores are too far apart in order of magnitude, so no comparison will be made.
There are more than 5,000 stores. In the first half of the year, Luckin increased by 106% year-on-year. The Starbucks Chinese market increased by 45% year-on-year in the last quarter (the same China, the same epidemic). Luckin’s single-store revenue increased by 82.7% year-on-year. Store revenue increased by 19% year-on-year;
For other brands, the stores are too far apart in order of magnitude, so no comparison will be made.
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