Shares of Starbucks Corp. (SBUX, Financial), the leading global specialty coffee company, marched to new highs after advancing 13.6%. Starbucks reported another quarter of strong sales and earnings growth. While the core in-store beverage business remains solid, we believe the company is just scratching the surface of its opportunity in food, mobile payment and loyalty programs, emerging market expansion, and wholesale channel development in single serve platforms.
From Baron Funds' second quarter 2015 commentary.