Starbucks' China JV Shift Reshapes Revenue and Margin Outlook

SBUX's Boyu China JV shifts China ops into licensing in Q3 FY26, cutting reported China revenues but boosting margins and adding $3.1B cash.
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SBUX's Boyu China JV shifts China ops into licensing in Q3 FY26, cutting reported China revenues but boosting margins and adding $3.1B cash.
Open original source