Taking a company's leadership position can be scary. Even more so when the role was once occupied by a leader who made a name for himself by building a brand the size of Starbucks.
Johnson is still clearly working in Schultz's shadow. The opening of the Shanghai Roastery in December led Schultz once again to the forefront of the brand. Analysts and investors praised the new business.
Not to mention that Roastery earns an average of $ 64,000 in sales every week and is constantly attracting a number of people waiting to join the company.
At the annual general meeting last week, Johnson took the lead and turned to investor plans for menu and tech innovation, as well as pay equity. Attendees were delighted with Starbucks' new Parental Leave Plan, which gives adoptive parents the opportunity to take their leave, and the creation of a greener trophy.
But nothing could be compared to the thunderous applause and standing ovations that greeted Schultz. The presentation lasts nearly an hour and a half.
Almost a year after Johnson's acquisition as CEO, investors and analysts are trying to gauge the success of his leadership. Some have praised its technology savvy innovation and its growth in China, while others have lamented the continued weak US food and beverage sales
"I think Starbucks performance last year was not overwhelming." Hottovy said , "[Same-store sales] in particular, were flat to negative, and the company has admitted they made some mistakes in merchandising, and it's a disappointing start to their term."