
Quick quiz: A $10,000 investment in Starbucks in 1992 would be worth how much today?
a)$76,000
b)$123,000
c)$301,000
d)$467,000
Answer on jump
The answer is D - $467,000. Starbucks Chairman Howard Schultz offered up that amazing nugget at today's annual meeting as financial balm on what's been only a so-so year. In fact, this is the first year since the company went public that the stock price hasn't been higher at the time of the annual meeting than it was the year before. "I don't feel very good about that," he told shareholders. By the way, Schultz downplayed his memo to executives last month in which he lamented that the stores "no longer have the soul of the past" and that "some people even call our stores sterile, cookie cutter, no longer reflecting the passion our partners feel about coffee." Schultz said he has written hundreds of similar memos over the years with the same theme. He said that the company's ambitious growth plans - 10,000 new stores over the next four years - haven't changed.