Milling & Baking News Corporate Profiles - 2017 - 120

Company Overview

Starbucks Coffee Co.
New c.e.o. initiates year of change at coffee company

Chief executive officer -
Kevin Johnson

120 \ October 2017

Starbucks Coffee Co.
net income
in millions
fiscal years ended in Sept.

to shutter all its Teavana stores. In late July, the
company announced it will close all 379 Teavana
stores over the coming year, with the majority
closing by spring 2018.
"We have big plans for tea in Starbucks retail
and C.P.G. globally, but ... many of our Teavana
mall-based stores have been persistently underperforming," Mr. Johnson said during a July
27 conference call with analysts. "We conducted a strategic review of the Teavana mall-based
store business and concluded that despite our
efforts to reverse the trend through creative
merchandising and new store designs, the underperformance was likely to continue."
Starbucks plans to launch Teavana-branded
packaged tea in grocery channels by the end of
fiscal 2018 and will continue to serve Teavana
beverages in its stores.
"Since acquiring Teavana, we have built the
business into a well-recognized, super premium
global brand," Mr. Johnson said. "We expect to
sell over $1.6 billion of Teavana-branded handcrafted beverages through Starbucks stores
around the world this year."
Starbucks is now focused on achieving balance
between those consumers who demand the speed
and convenience of digital with consumers who
want the experience of visiting a store and enjoying
a beverage and a bite to eat. On the digital front,
the company is working to improve the performance of its mobile order and pay program, and
in stores, Starbucks sees opportunities to accelerate performance by focusing on innovation geared
toward specific dayparts, such as its new Mercato
lunch menu or gluten-free breakfast sandwich.
"The critical transformative components required for any brick-and-mortar retailer to survive, let alone succeed, in the future are: An
engaging, digital and mobile relationship with
customers that is threaded into a branded, immersive, experiential retail destination," Mr.
Johnson said during an April 27 conference call
with securities analysts. "The attributes of the
destination will vary. It may include theater, intrigue or romance, but the common denominator
will be the creation of a consumer experience that
evokes human emotion and connection." CP

2016

2015

2014

$2,817.7

$2,757.4

$2,068.1

Starbucks Coffee Co.
net sales
in millions
fiscal years ended in Sept.

S

tarbucks Coffee Co., Seattle, has undergone a year of change, starting with a new
chief executive officer. Kevin Johnson, previously president and chief operating officer of the
company, took the helm as president and c.e.o. on
April 3. He succeeded Howard Schultz, who had
been c.e.o. for most of the company's history and
has transitioned to executive chairman.
Since Mr. Johnson took the reins, Starbucks
has made two major moves, the first being the
acquisition of full ownership of its East China
business. In July, the company reached an
agreement to acquire the remaining 50% share
of its East China business from Uni-President
Enterprises Corp. (UPEC) and President Chain
Store Corp. (PCSC) for approximately $1.3 billion. The transaction marks the largest single
acquisition in Starbucks' history and gives the
company 100% ownership of approximately
1,300 Starbucks stores in Shanghai and Jiangsu and Zhejiang Provinces. The transaction is
expected to close by early calendar year 2018.
"Unifying the Starbucks business under a full
company-operated structure in China reinforces
our commitment to the market and is a firm demonstration of our confidence in the current local
leadership team as we aim to grow from 2,800 to
more than 5,000 stores by 2021," Mr. Johnson said.
Starbucks' second major move was its decision

2016

2015

2014

$21,315.9

$19,162.7

$16,447.8

Starbucks Coffee Co.
share price

per share
$65

$60

$55

$50
Sept. Dec. Mar. June Sept.
2016
2017

Milling & Baking News * Food Business News * Baking & Snack * Meat+Poultry

Corporate Profiles



Table of Contents for the Digital Edition of Milling & Baking News Corporate Profiles - 2017

Corporate Profiles - 2017
Contents
Editorial - Peeling through deep layers of change in food industry
Grain-based foods - Slow growth in baking has category leaders searching for answers
Packaged foods - Frozen innovation shakes up challenged category
Beverages - Bottled water, energy drinks charge ahead
Meat and poultry - Consumer demand accelerates as market recovers from impact of drought and avian influenza
Dairy - Milk in many forms affects the dairy category
Confectionery - Transparency ahead, consolidation on the horizon?
Food service - Healthy and clean menu items, technology and value drive traffic
Trend of the year - Retail revolution: Retail market for food and beverages undergoing dramatic changes
Aryzta AG
Grupo Bimbo S.A.B. de C.V.
Campbell Soup Co.
The Coca-Cola Co.
Conagra Brands, Inc.
Danone S.A.
Flowers Foods, Inc.
General Mills, Inc.
Hain Celestial Group, Inc.
The Hershey Co.
Hormel Foods Corp.
Hostess Brands, Inc.
JAB Holding Co.
The Kellogg Co.
Kraft Heinz Co.
McCormick & Co.
Mondelez International, Inc.
Nestle S.A.
PepsiCo, Inc.
Pinnacle Foods, Inc.
Post Holdings, Inc.
Snyder's-Lance, Inc.
Starbucks Coffee Co.
TreeHouse Foods, Inc.
Tyson Foods, Inc.
Ad Index
Milling & Baking News Corporate Profiles - 2017 - Corporate Profiles - 2017
Milling & Baking News Corporate Profiles - 2017 - 2
Milling & Baking News Corporate Profiles - 2017 - 3
Milling & Baking News Corporate Profiles - 2017 - 4
Milling & Baking News Corporate Profiles - 2017 - 5
Milling & Baking News Corporate Profiles - 2017 - Contents
Milling & Baking News Corporate Profiles - 2017 - 7
Milling & Baking News Corporate Profiles - 2017 - Editorial - Peeling through deep layers of change in food industry
Milling & Baking News Corporate Profiles - 2017 - 9
Milling & Baking News Corporate Profiles - 2017 - Grain-based foods - Slow growth in baking has category leaders searching for answers
Milling & Baking News Corporate Profiles - 2017 - 11
Milling & Baking News Corporate Profiles - 2017 - 12
Milling & Baking News Corporate Profiles - 2017 - 13
Milling & Baking News Corporate Profiles - 2017 - 14
Milling & Baking News Corporate Profiles - 2017 - 15
Milling & Baking News Corporate Profiles - 2017 - 16
Milling & Baking News Corporate Profiles - 2017 - 17
Milling & Baking News Corporate Profiles - 2017 - 18
Milling & Baking News Corporate Profiles - 2017 - 19
Milling & Baking News Corporate Profiles - 2017 - 20
Milling & Baking News Corporate Profiles - 2017 - 21
Milling & Baking News Corporate Profiles - 2017 - 22
Milling & Baking News Corporate Profiles - 2017 - 23
Milling & Baking News Corporate Profiles - 2017 - 24
Milling & Baking News Corporate Profiles - 2017 - 25
Milling & Baking News Corporate Profiles - 2017 - Packaged foods - Frozen innovation shakes up challenged category
Milling & Baking News Corporate Profiles - 2017 - 27
Milling & Baking News Corporate Profiles - 2017 - 28
Milling & Baking News Corporate Profiles - 2017 - 29
Milling & Baking News Corporate Profiles - 2017 - 30
Milling & Baking News Corporate Profiles - 2017 - Beverages - Bottled water, energy drinks charge ahead
Milling & Baking News Corporate Profiles - 2017 - 32
Milling & Baking News Corporate Profiles - 2017 - 33
Milling & Baking News Corporate Profiles - 2017 - 34
Milling & Baking News Corporate Profiles - 2017 - 35
Milling & Baking News Corporate Profiles - 2017 - 36
Milling & Baking News Corporate Profiles - 2017 - 37
Milling & Baking News Corporate Profiles - 2017 - Meat and poultry - Consumer demand accelerates as market recovers from impact of drought and avian influenza
Milling & Baking News Corporate Profiles - 2017 - 39
Milling & Baking News Corporate Profiles - 2017 - 40
Milling & Baking News Corporate Profiles - 2017 - 41
Milling & Baking News Corporate Profiles - 2017 - Dairy - Milk in many forms affects the dairy category
Milling & Baking News Corporate Profiles - 2017 - 43
Milling & Baking News Corporate Profiles - 2017 - 44
Milling & Baking News Corporate Profiles - 2017 - 45
Milling & Baking News Corporate Profiles - 2017 - 46
Milling & Baking News Corporate Profiles - 2017 - 47
Milling & Baking News Corporate Profiles - 2017 - Confectionery - Transparency ahead, consolidation on the horizon?
Milling & Baking News Corporate Profiles - 2017 - 49
Milling & Baking News Corporate Profiles - 2017 - 50
Milling & Baking News Corporate Profiles - 2017 - 51
Milling & Baking News Corporate Profiles - 2017 - 52
Milling & Baking News Corporate Profiles - 2017 - 53
Milling & Baking News Corporate Profiles - 2017 - Food service - Healthy and clean menu items, technology and value drive traffic
Milling & Baking News Corporate Profiles - 2017 - 55
Milling & Baking News Corporate Profiles - 2017 - 56
Milling & Baking News Corporate Profiles - 2017 - 57
Milling & Baking News Corporate Profiles - 2017 - Trend of the year - Retail revolution: Retail market for food and beverages undergoing dramatic changes
Milling & Baking News Corporate Profiles - 2017 - 59
Milling & Baking News Corporate Profiles - 2017 - 60
Milling & Baking News Corporate Profiles - 2017 - 61
Milling & Baking News Corporate Profiles - 2017 - 62
Milling & Baking News Corporate Profiles - 2017 - 63
Milling & Baking News Corporate Profiles - 2017 - 64
Milling & Baking News Corporate Profiles - 2017 - 65
Milling & Baking News Corporate Profiles - 2017 - 66
Milling & Baking News Corporate Profiles - 2017 - 67
Milling & Baking News Corporate Profiles - 2017 - Aryzta AG
Milling & Baking News Corporate Profiles - 2017 - 69
Milling & Baking News Corporate Profiles - 2017 - Grupo Bimbo S.A.B. de C.V.
Milling & Baking News Corporate Profiles - 2017 - 71
Milling & Baking News Corporate Profiles - 2017 - 72
Milling & Baking News Corporate Profiles - 2017 - 73
Milling & Baking News Corporate Profiles - 2017 - Campbell Soup Co.
Milling & Baking News Corporate Profiles - 2017 - 75
Milling & Baking News Corporate Profiles - 2017 - The Coca-Cola Co.
Milling & Baking News Corporate Profiles - 2017 - 77
Milling & Baking News Corporate Profiles - 2017 - Conagra Brands, Inc.
Milling & Baking News Corporate Profiles - 2017 - 79
Milling & Baking News Corporate Profiles - 2017 - Danone S.A.
Milling & Baking News Corporate Profiles - 2017 - 81
Milling & Baking News Corporate Profiles - 2017 - Flowers Foods, Inc.
Milling & Baking News Corporate Profiles - 2017 - 83
Milling & Baking News Corporate Profiles - 2017 - 84
Milling & Baking News Corporate Profiles - 2017 - 85
Milling & Baking News Corporate Profiles - 2017 - General Mills, Inc.
Milling & Baking News Corporate Profiles - 2017 - 87
Milling & Baking News Corporate Profiles - 2017 - 88
Milling & Baking News Corporate Profiles - 2017 - 89
Milling & Baking News Corporate Profiles - 2017 - Hain Celestial Group, Inc.
Milling & Baking News Corporate Profiles - 2017 - 91
Milling & Baking News Corporate Profiles - 2017 - The Hershey Co.
Milling & Baking News Corporate Profiles - 2017 - 93
Milling & Baking News Corporate Profiles - 2017 - Hormel Foods Corp.
Milling & Baking News Corporate Profiles - 2017 - 95
Milling & Baking News Corporate Profiles - 2017 - Hostess Brands, Inc.
Milling & Baking News Corporate Profiles - 2017 - 97
Milling & Baking News Corporate Profiles - 2017 - JAB Holding Co.
Milling & Baking News Corporate Profiles - 2017 - 99
Milling & Baking News Corporate Profiles - 2017 - The Kellogg Co.
Milling & Baking News Corporate Profiles - 2017 - 101
Milling & Baking News Corporate Profiles - 2017 - 102
Milling & Baking News Corporate Profiles - 2017 - 103
Milling & Baking News Corporate Profiles - 2017 - Kraft Heinz Co.
Milling & Baking News Corporate Profiles - 2017 - 105
Milling & Baking News Corporate Profiles - 2017 - McCormick & Co.
Milling & Baking News Corporate Profiles - 2017 - 107
Milling & Baking News Corporate Profiles - 2017 - Mondelez International, Inc.
Milling & Baking News Corporate Profiles - 2017 - 109
Milling & Baking News Corporate Profiles - 2017 - Nestle S.A.
Milling & Baking News Corporate Profiles - 2017 - 111
Milling & Baking News Corporate Profiles - 2017 - PepsiCo, Inc.
Milling & Baking News Corporate Profiles - 2017 - 113
Milling & Baking News Corporate Profiles - 2017 - Pinnacle Foods, Inc.
Milling & Baking News Corporate Profiles - 2017 - 115
Milling & Baking News Corporate Profiles - 2017 - Post Holdings, Inc.
Milling & Baking News Corporate Profiles - 2017 - 117
Milling & Baking News Corporate Profiles - 2017 - Snyder's-Lance, Inc.
Milling & Baking News Corporate Profiles - 2017 - 119
Milling & Baking News Corporate Profiles - 2017 - Starbucks Coffee Co.
Milling & Baking News Corporate Profiles - 2017 - 121
Milling & Baking News Corporate Profiles - 2017 - TreeHouse Foods, Inc.
Milling & Baking News Corporate Profiles - 2017 - 123
Milling & Baking News Corporate Profiles - 2017 - Tyson Foods, Inc.
Milling & Baking News Corporate Profiles - 2017 - 125
Milling & Baking News Corporate Profiles - 2017 - Ad Index
Milling & Baking News Corporate Profiles - 2017 - 127
Milling & Baking News Corporate Profiles - 2017 - 128
https://www.nxtbook.com/sosland/mbncp/corporate-profiles-2023
https://www.nxtbook.com/sosland/mbncp/corporate-profiles-2022
https://www.nxtbook.com/sosland/mbncp/corporate-profiles-2021
https://www.nxtbook.com/sosland/mbncp/2020_10_01
https://www.nxtbook.com/sosland/mbncp/2019_11_01
https://www.nxtbook.com/sosland/mbncp/2018_10_01
https://www.nxtbook.com/sosland/mbncp/2017_10_01
https://www.nxtbook.com/sosland/mbncp/2016_11_01
https://www.nxtbook.com/sosland/mbncp/2015_10_01
https://www.nxtbook.com/sosland/mbncp/2014_11_01
https://www.nxtbook.com/sosland/mbncp/2014_10_01
https://www.nxtbook.com/sosland/mbncp/2013_11_01
https://www.nxtbook.com/sosland/mbncp/2012_1001
https://www.nxtbook.com/sosland/mbncp/2011_10_01
https://www.nxtbook.com/sosland/mbncp/2010_10_01
https://www.nxtbook.com/sosland/mbncp/2009_11_01
https://www.nxtbook.com/sosland/mbncp/2008_11_01
https://www.nxtbook.com/sosland/mbncp/2007_11_01
https://www.nxtbook.com/sosland/mbncp/2006_11_01
https://www.nxtbook.com/sosland/mbncp/2005_11_01
https://www.nxtbookmedia.com