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Will Starbucks' (SBUX) value-based bets of 2009 -- the "new day" the company has advertised on sweet welcome signs on its store doors, in splashy reveals in New York and Seattle, in glossy ads ...
In 2009, Starbucks began beta testing its mobile app for the Starbucks card, a stored value system in which consumers access pre-paid funds to purchase products at Starbucks. [145] Starbucks released its complete mobile platform in January 2011. [146] [147] By December 2011, the number of mobile transactions exceeded 26 million. [148]
During his tenure, Starbucks enjoyed record growth, including five straight years of 20%+ annual earnings increases. [9] In 2009, in an effort to reverse its ailing fortunes, Haggen Food & Pharmacy named Donald president and CEO. [citation needed] Within two years Haggen was sold to Comvest Group. The new owners replaced Donald as CEO.
Starbucks' normalized earnings per share grew at an average rate of 19.9% per year from 2001 until today. That's far faster than what other fast-food outlets like McDonald's ( NYS: MCD ) or Yum!
Same-store sales were the big story in Wednesday's fiscal third quarter earnings report, and Starbucks (SBUX) delivered the iced frappuccinos, serving up a 9% increase over the third quarter 2009 ...
He also oversaw online platforms [24] and worked with Schultz on a five-year strategic plan for the company, released in December 2016. [25] In December 2016 it was announced that Howard Schultz would step down as CEO of Starbucks, and in April 2017 that he had personally recruited Johnson to be his successor. [26]
Starbucks is one of the year's highfliers, with shares up nearly 50% on the year and the stock trading around a 52-week high. As if that weren't enough, Starbucks reported record earnings for its ...
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