Seeking Alpha

Highlights from Starbucks' Annual Shareholder Meeting

  • Starbucks (SBUX +2.1%) is still in the "early stages" of its growth and development, according to CEO Howard Schultz.
  • Mobile payment snow account for 14% of all in-store transactions in the U.S. to mark a rapid-fire from the 10% it disclosed just 8 months ago. Schultz says to look for an expansion of the company's mobile payments business.
  • Tea will be a focus this year as Starbucks opens 20 new Teavana stores and dabbles with its Teavana Tea Bar concept.
  • Though the coffee chain has no plans to raise prices, it will look to improve its average customer transaction amount which is already north of $5.
  • Starbucks Annual Meeting webcast
Comments (1)
  • AnAvgJoe
    , contributor
    Comments (407) | Send Message
     
    Teavana's Samurai Chai loose tea is pricey, but it's boss. I always have to keep some in the house for DW, DD, and myself. I like SBUX' movement into tea.
    19 Mar 2014, 02:29 PM Reply Like
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