4.6 • 854 Ratings
🗓️ 29 January 2019
⏱️ 29 minutes
🧾️ Download transcript
Starbucks (NASDAQ: SBUX) had a very strong quarter largely because it improved its execution and used its digital tools to drive sales. That’s CEO Kevin Johnson’s doing but the coffee chain boss also has scaled back plans to launch 1,000 Reserve Stores and adding Reserve bars to 20% of stores to a small pilot program. On this episode of Industry Focus: Consumer Goods, host Shannon Jones is joined by Fool.com contributor Daniel Kline to look into the company’s results and its efforts to drive traffic to afternoons and evenings.
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| 0:00.0 | Welcome to Industry Focus, the show that dives into a different sector of the stock market every single day. |
| 0:08.0 | Today is Tuesday, January the 29th, and we're talking Consumer Goods. |
| 0:12.0 | I'm your host Shannon Jones and I am joined via Skype by |
| 0:16.0 | all-around awesome Fool and our foolish contributor Dan Klein. Dan how are you? |
| 0:22.0 | Hey there Shannon I think this is our first show together. |
| 0:25.0 | This is our first show and very much long overdue, |
| 0:28.0 | so I'm super excited about that, even more excited to talk about what I consider you know one of the four basic food |
| 0:34.6 | groups and that's coffee today with you Dan and honestly Dan no greater |
| 0:39.4 | person to talk about coffee because apparently you are quite the coffee kind of sewer, aren't you? |
| 0:44.5 | Well I'm more the coffee sort of play with it. |
| 0:47.2 | I own every coffee gal. |
| 0:49.2 | I have an espresso, I have the Starbucks machine, I have carigs and I am definitely the person that |
| 0:55.6 | tries every single drink that comes out so when Starbucks releases something new I'm |
| 1:01.0 | generally one of the first people in line to try it and yeah maybe not have |
| 1:05.8 | it ever again. |
| 1:07.8 | Fair enough so you definitely drink the proverbial coolAid that Starbucks offers then. |
| 1:13.3 | But also- |
| 1:14.3 | Don't give them any ideas. |
| 1:16.1 | If there's a Starbucks Kool-Aid mashup, |
| 1:18.6 | that is not a great idea. |
| 1:19.9 | But I want to talk about something before we get into Starbucks, because that'll really be the focus of today's show, but you mentioned something in planning the show, so you drink coffee every day, but when it comes to hot coffee, you've only actually purchased it a handful of times, is that right? |
| 1:38.0 | So I live in West Palm Beach, Florida, have for the past two and a half years. So, and it's never cold enough, in my opinion, |
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