Investing Club: Starbucks' Schultz highlights the Club case for investing in the coffeemaker
Inflation has not proven to be a significant headwind to Starbucks and the coffeemaker should see an uptick in business as China's economy continues to reopen, CEO Howard Schultz said Tuesday, underscoring the Club's long-term investment case in the beverage retailer. In an interview with Jim Cramer, Schultz said demand for Starbucks' drinks and food items has remained strong, despite higher prices and an uncertain economic backdrop.
Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017.
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