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

From other sites
Comments (1)
  • AnAvgJoe
    , contributor
    Comments (477) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs