Starbucks Corp (NASDAQ:SBUX) shares are expected to rise after it reported record revenue in the past quarter as strong demand in the US offset Covid-related shutdowns in China, but inflation and higher wages hit the bottom line. The colossal coffee-house chain was able to exceed sales expectations in its 13-week fiscal third quarter ended July 3, 2022, with quarterly revenue at US$8.2bn, beating analysts' estimates of US$8.1bn.