Earnings season kicked off with a bang when shares of Starbucks (NASDAQ:SBUX) hit a new all-time high on Monday. Even though the coffee giant doesn't report third-quarter earnings until late July, the stock is up more than 25% year to date. Part of Starbucks' recent financial success, however, has to do with the price of coffee beans dropping over the past two years. Motley Fool analyst Matt Argersinger discusses Starbucks' ability to weather higher input costs and why its growth potential outside the U.S. means that shares still have room to run.
Chris Hill owns shares of Starbucks. Matthew Argersinger owns shares of Starbucks and has the following options: Short Oct 2013 $65 Puts on Starbucks. The Motley Fool recommends Starbucks. The Motley Fool owns shares of Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.