Jim Cramer is bullish on Starbucks due to CEO Brian Niccol’s progress on a turnaround plan, citing successful trials of the new “Green Apron Service.”
Monday - Friday, 6:00 - 7:00 PM ET
In this article
CNBC’s Jim Cramer on Wednesday explained why he’s positive on Starbucks
for the long term, even as the coffee chain reported a same-store sales decline that led to a choppy day of trading.
“If Brian Niccol keeps delivering on the turnaround front, I bet Starbucks and its shareholders will be huge winners,” he said. “That’s still my expectation here, and I feel even better about it tonight than I did last night before the company reported.”
The quarterly results were messy. But CEO Brian Niccol had plenty of good things to say about where the business is headed down…
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
The optimism in Starbucks' margin recovery story it remains "the best non-data center stock" in the portfolio, Jim Cramer said.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
CEO Brian Niccol has sales going in the right direction. Now, investors want to see profits follow suit.
