Starbucks reported fiscal-year 2023 first-quarter earnings results that shocked investors.
The international coffee chain is thriving as the economic reopening gains momentum. Starbucks (SBUX 1.09%) expects to catch a tailwind as China is the latest economy to reopen after COVID-19 lockdowns.
*Stock prices used were the afternoon prices of Feb. 4, 2023. The video was published on Feb. 6, 2023.
Parkev Tatevosian, CFA has positions in Starbucks. The Motley Fool has positions in and recommends Starbucks. The Motley Fool recommends the following options: short April 2023 $100 calls on Starbucks. The Motley Fool has a disclosure policy.
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