Trader Tim Seymour, founder of EmergingMoney.com, shared the enthusiasm. "Coffee prices are down 40% year over year – that's a tailwind for Starbucks," he said. "And they have a long runway internationally – I see Starbucks as a solid play on EM."
Looking at results a little more closely, the coffee chain reported reported fiscal first-quarter earnings of 57 cents per share on revenue of $3.8 billion.
Analysts had expected the company to report earnings excluding items of 57 cents a share on $3.84 billion in revenue, according to a consensus estimate from Thomson Reuters.
Same-store sales growth rose 6 percent in the quarter.
Trader disclosure: On January 24,2013, the following stocks and commodities mentioned or intended to bementioned on CNBC's "Fast Money" were owned by the "FastMoney" traders; Jon Najarian is long RIMM CALLS; Jon Najarian is long SBUX; Jon Najarian islong DAL; Jon Najarian is long NVDA CALLS; Jon Najarian is long NVDA CALLS; Jon Najarian is long UAUA CALLS;Jon Najarian is long TPX; Jon Najarian is long SCSS; Karen Finerman is long AAPL, callspreads, put spreads; Karen Finerman is long BAC; Karen Finerman is long JPM;Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is longMSFT; Karen Finerman is long GOOG; Karen Finerman is long PAY; Karen Finermanis short JCP; Karen Finerman is long PLCE; Karen Finerman is short SPY; KarenFinerman is long SPY Puts; Karen Finerman is short IRT; TimSeymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long INTC; TimSeymour is long SBUX; Tim Seymour is long MSFT; Tim Seymour is long F; KeithMcCullough is long SBUX
For Amelia Bourdeau
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For Walter Piecyk
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