From its March 2020 low to an all-time high in July 2021, Starbucks' (NASDAQ: SBUX) stock rose 117%. Rachel Ruggeri, the company's CFO, mentioned that the management team "expects headwinds related to supply chain and commodity and inflationary pressures to continue in fiscal 2023." This can be summed up by the fact that in the latest fiscal quarter, customer transactions were up just 1% in North America and the U.S., but the average ticket size increased 10% compared to the prior-year period.