Starbucks (NASDAQ: SBUX) reported fiscal 2022 first-quarter results on Tuesday, Feb. 1. "Although demand was strong, this pandemic has not been linear, and the macro environment remains dynamic as we experienced higher-than-expected inflationary pressures, increased costs due to Omicron, and a tight labor market," said Starbucks CEO Kevin Johnson. "We remain focused on actions that drive both top and bottom-line growth, including industry-leading investments to attract, train and retain the best talent for our stores as customer occasions increase."