Without any understanding of its stock performance, one might think that (NASDAQ: SBUX) is doing great as an investment. Lines at many Starbucks drive-thrus are consistently backed up, and there's a decent chance that anyone you meet who's holding a coffee, or any other drink, is holding one from Starbucks.

Investment decisions shouldn't be made based solely on anecdotal evidence, but my observations of Starbucks as a customer make me think that the company is in a better position than the stock performance would indicate. Considering the challenges faced during the pandemic, it's not a total surprise that Starbucks stock has trailed the performance of the S 500 over the past three years. But I think those challenges are largely in the past. This has put Starbucks at the top of my buy list.

Starbucks reported its second-quarter 2023 results in early May. The company reported year-over-year revenue growth of 14%. That was a result that made many investors happy, as it was the first time Starbucks had posted double-digit revenue growth since Q2 2022. It also returned the company to what I would call "normal" revenue growth. Over the past 10 years, Starbucks has averaged quarterly year-over-year revenue growth of 10%.

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Source Fool.com