Starbucks (SBUX) investor relations material

Opening remarks and agenda

• The meeting opened with a welcome from a Coffeehouse Leader, highlighting the importance of connection and shareholder support.

• The agenda and rules of conduct were presented, emphasizing orderly proceedings and focus on agenda items.

• Notice of the meeting and proxy materials were distributed in advance, and a quorum was confirmed.

Financial performance review

• The company has invested over $500 million in additional hours and expanded rosters to improve customer experience.

• Through operational simplification and technology upgrades, throughput, accuracy, and customer connection have improved.

• The fiscal 2028 financial framework targets steady, durable top-line growth, margin, and earnings expansion.

Board and executive committee updates

• Eleven board nominees were presented, including a mix of experienced leaders from various industries.

• 50% of current directors were appointed since 2024, ensuring a blend of new and seasoned perspectives.

• The board regularly evaluates its expertise to align with long-term strategy.