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.