# Chipotle (CMG) turned in a solid beat with 7.4% revenue growth.

*business · news · 2026-04-30 · Barchart*

## Key points

- Starbucks invested over $500 million in labor and store enhancements for its 'Back to Starbucks' plan.
- Starbucks' new joint venture gives Boyu Capital 60% of its China retail business, targeting 20,000 locations.
- Operating margin improved to 8.7% from 6.9%, and same-store sales rose 6.2% year-over-year.
- Starbucks will open 175 new U.S. stores this year and up to 400 in 2028, focusing on smaller formats.
- The LA28 Olympic Games partnership makes Starbucks the Official Coffee Partner with exclusive coffeehouse presence at venues.

**Companies:** Starbucks, Yum! Brands, Chipotle, The Cheesecake Factory
**Countries:** United States, China

[Read the full story on Barchart](https://www.barchart.com/story/news/1628874/starbucks-invested-500-million-in-a-turnaround-and-now-wall-street-is-drinking-up-sbux-stock)

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