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Updated with additional details

New store formats, new products and an oversees expansion push have Starbucks (SBUX) - Get Starbucks Corporation Report optimistic on its finances.

The coffee giant said Wednesday at its investor day that it sees revenue growing by 10% and earnings increasing 15% to 20% each year over the next five years. Same-store sales are expected to increase by a mid-single digit percentage. 

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Starbucks will go full steam ahead with new store openings, with plans to open a whopping 12,000 new stores globally by 2021.

This story is developing.