5 stars for Starbucks?

- Revenue +14%
- Comparable Store Sales +11%
- Active U.S. Starbucks Rewards Membership +15%

Good:
- Growth in topline and margins globally
- More active members for Starbucks loyalty program

Bad:
- Higher commodity and supply chain costs due to inflation

Thoughts:
An almost flawless earnings report by Starbucks.

Growth in operating income and expansion of margins were driven by sales leverage, pricing, productivity improvement.

More than 400 net new stores opened and more members subscribing to the rewards program are other plus factors for the company.