New CEO focused on simplifying menu, pricing and app.
 

Company issues weak preliminary fourth-quarter results.
 

New CEO lays out new plan of attack.

Laxman Narasimhan is leaving the company ‘effective immediately.’
 

Princi baked foods are part of a handful of Starbucks reserve stores, but baking across the Starbucks network has yet to materialize. 

Increased competition in China also affected the company’s performance.
 

CFO sees food sourcing as target for margin enhancement.

Conflicts in the Middle East and a slow recovery in China seen impacting revenues the rest of the fiscal year.

CEO brings global operations experience. 

Two of the products are available for a limited time.