Starbucks is planning to expand its mobile order and pay program this year, while also moving to test two delivery models in the second-half of 2015.
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Starbucks says its green apron delivery service will start in New York city. The company has teamed with Postmates on the initiative. The New York delivery model will have baristas bring food and beverages to specific office buildings.
Starbucks is also planning to offer Teavana teas in Asia/China starting in 2016.
Starbucks kicked off its 23rd Annual Meeting of Shareholders, with more than 2,800 partners, shareholders, invited guests and board members in attendance.
Howard Schultz, chairman and CEO of Starbucks, will honor the accomplishments of the company over the past year of delivering record financial results as the company heads toward achieving a $100 billion market cap.
"When I look back at the last 23 years of our public life or Starbucks 44-year history, so much of our success is deeply rooted in the values, culture and guiding principles of who we are, who we’ve been and who we are striving to be as a company."
"The long history of Starbucks is steeped in trying to build a different type of business proposition from Day One: one that achieves the balance between profitability and a social conscience. And to continually ask ourselves what it takes to build a great enduring company. Even as our share price hits new all-time highs, we have never lost sight of this vision, and our goal of bringing our people along with us on the journey and sharing our success."
Starbucks has reported record revenues of $16.4 billion (11 percent growth) and record non-GAAP earnings per share of $2.661 (21 percent growth on a non-GAAP basis) in fiscal 2014; $3.1 billion in non-GAAP operating income (25 percent growth on a non-GAAP basis) in fiscal 2014; and $1.6 billion returned to shareholders in the form of dividends and share repurchases. Starbucks also invested $233 million in healthcare benefits and $210 million in Bean Stock in FY14. ■