BTIG Starbucks' investor day "lived up to expectations," according to BTIG analysts Peter Saleh and Ben Parente.
Ivankoe noted that, in December 2016, Starbucks released a five-year strategic plan that called for annual EPS growth between 15% and 20%.
"We think investors had also expected more conservative guidance to provide room for the incoming CEO and return to a beat & raise story," the analysts wrote.
Wedbush Wedbush analysts Nick Setyan and Michael Symington were more muted in their reaction to Starbucks' investor day.
China, a view that, to us, seems equally out of place given ongoing global macro headwinds," the analysts wrote.