Starbucks CEO: Will 'Flatten' Co. Structure After COO Departure

The transcript covers Starbucks' recent performance, leadership changes, and strategic focus. It highlights the departure of a key executive and the company's response to this change. The discussion includes market reactions, sales performance, and the impact of COVID-19 on operations. Starbucks' drive-thru strategy and pricing approach are also explored, along with global recovery prospects and the role of vaccinations in business recovery.

What was the percentage comp in China and the US for Starbucks in the recent quarter?

• 5% in China and 6% in the US

• 6% in China and 4% in the US

• 5% in China and 5% in the US

• 3% in China and 4% in the US

Who is Roz Brewer stepping in as CEO for?

• McDonald's

• Walgreens

• Amazon

• Target

How did Starbucks handle the announcement of Roz Brewer's departure?

• They delayed the announcement for a month

• They announced it only internally

• They did not make any announcement

• They disclosed it immediately to shareholders

What is Starbucks' strategy for new store development?

• Reduce the number of new stores

• Open more cafes without drive-thrus

• Build stores with both cafe and drive-thru options

• Focus on drive-thru only locations

What percentage of McDonald's global restaurants have drive-thrus?

• 80%

• 65%

• 50%

• 30%

Why is Starbucks' ticket price considered high?

• Because of fewer customers

• Because of more premium beverages being purchased

• Due to higher taxes

• Due to increased operational costs

What is the anticipated 'great human re-connection' related to?

• A new marketing campaign

• A new product launch

• The reopening of Starbucks stores

• The widespread availability of COVID-19 vaccines