Starbucks outpaces McDonald's, Subway in new store openings

Starbucks added 1,173 stores in the fiscal 2021 year, and 1,404 in the 2020 fiscal year to outpace McDonald's and Subway during the pandemic.

McDonald's and Subway are the world's two biggest fast-food chains.

As of January 2, 2022, Starbucks had 34,317 open stores across the world, just under 17,000 in the US.

Starbucks added 484 net new stores in the first quarter of 2022 and 538 the previous quarter.

Starbucks China CEO of Leo Tsoi noted that the coffee chain added 1,200 new stores in China over the past two years, making up a fifth of the total in the country,

The chain plans to open 2,000 net new stores globally in fiscal 2022.

Starbucks President and CEO Kevin Johnson said that as long as they keep delivering best-in-class profitability and return on investment, they will continue to build new stores.

He added that outside of the US, the growth is even starker.