Starbucks Corporation (NASDAQ:SBUX) shares traded high by 1.2% on Wednesday after the company held its first investor day event since announcing Laxman Narasimhan will be taking over as the new CEO.
Starbucks holds investor day events once every two years to update investors on its long-term financial projections and initiatives. This year's event focused on slumping traffic, pressured margins, labor relations and the difficult macroeconomic environment, particularly in China.
