Schultz Departure A Surprise, but Deep Management Bench Gives Us Conviction in Our Long-Term Thesis
Starbucks' announcement that Howard Schultz plans to transition to executive chairman in April and hand over the CEO reins to President and COO Kevin Johnson is a surprise, but we believe the key takeaway for investors is that Starbucks' management team is more dynamic than at any point in the company's history and that its long-term investment thesis remains fully intact. While Schultz's vision and attention to customer experience has been a key reason Starbucks has developed one of the widest-...Starbucks is a roaster, marketer and retailer of coffee. The company's segments are: Americas, which is inclusive of the United States, Canada, and Latin America; International, which is inclusive of China, Japan, Asia Pacific, Europe, Middle East, and Africa; and Channel Development. The company's Americas and International segments include both company-operated and licensed stores. The company's Channel Development segment includes roasted whole bean and ground coffees, Seattle's Best Coffee?, Starbucks- and Teavana-branded single-serve products, a variety of ready-to-drink beverages, and other products sold worldwide outside of the company's company-operated and licensed stores.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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