TLDR; When it was cheap to get loans (3.6% Interest), company borrowed a lot of money for growth to open up more stores across globe, which was great a move. Global avg ticket size : Starbucks($7.85), Dunkin'($4.22), McDonald's($5.20) and Luckin Coffee($2.17) High interest environment is restricting consumers with discretionary spends. Diversify more stores outside US. ... Read more