Keep pulling the thread on Brian Niccol.
Starbucks' drive-through business generates well over $10 billion in annual revenue, a scale comparable to a Fortune 500 company.
Starbucks has issued long-term guidance for comparable store sales growth of 3% to 5%.
Starbucks expects to see improvements in its bottom-line profitability starting in the second half of the current year.
Starbucks is guiding for operating margins to reach the 13% to 15% range by 2028.
Starbucks has invested nearly $600 million to improve the labor experience for its employees.
Starbucks has identified a path to achieve nearly $2 billion in cost savings over the next two years.
Starbucks' hourly employee turnover rate is below 50%, which is significantly lower than the industry average of over 125%.
Starbucks has entered into a partnership with private equity firm Boyu, selling a majority stake in its China business.
Starbucks and its partner Boyu believe they can expand their store count in China from over 8,000 today to between 15,000 and 20,000 locations.
Starbucks has identified specific locations and plans to add 5,000 new stores in the United States.
Starbucks' CEO believes there is a multi-billion dollar revenue opportunity in growing its afternoon business.
In its most recent quarter, Starbucks' growth was driven by an increase in customer transactions.