Starbucks

Starbucks is a global coffee chain with more than 34,000 stores around the world. The company reported an encouraging set of earnings for its fiscal 2022's third quarter, with net revenue up 9% year over year to a record $8.2 billion. Comparable-store sales were up 3% globally, with the U.S. registering a 9% increase, and active Starbucks reward members climbed 13% year over year in the U.S. to 27.4 million members.

During its recent biennial Investor Day, Starbucks unveiled an ambitious three-year financial roadmap to deliver annual comparable store sales growth of 7% to 9%, revenue growth of 10% to 12%, and earnings-per-share (EPS) growth of 15% to 20%. Founder and interim CEO Howard Shultz also introduced incoming CEO Laxman Narasimhan, who will assume his new role on April 1 next year. With this plan, it seems the company is kicking into high gear to deliver steady earnings growth for investors.

Lululemon

Lululemon is a market leader for athletic apparel and footwear for yoga, running, and training and provides innovative materials and interesting designs for its products. Results for its fiscal 2022's second quarter were impressive. Revenue increased 29% year over year to $1.9 billion, with comparable-store sales jumping 23% year over year. Net income surged by 39.1% year over year to $289.5 million, partially lifted by a $10.2 million one-off gain from the disposal of an administrative building.

Lululemon has reported that supply chain woes are easing, allowing the company to manufacture the products it needs to satisfy strong demand. The sports apparel company expects net revenue to grow at a three-year compound annual growth rate of around 26% and for 2022 to register sales of between $7.87 billion to $7.94 billion.