Jim Cramer Says Coffee Prices Are a Small Part of Starbucks' Struggles

Starbucks Corporation (NASDAQ:SBUX) is one of the stocks that Jim Cramer shared insight on. The company was mentioned during the episode, and here’s what Cramer had to say:

“The last three coffee bull markets were followed by 50 to 65% corrections. If the current rally behaves in line with the past, that’s going to be brutal. Now that is very good news for Starbucks, another stock that the Charitable Trust owns. Although I gotta tell you, that stock has been made weak by the coffee prices. But there’s so many other factors involved that I think coffee prices are actually a smaller part of what’s wrong with the stock than, let’s say, a lot of other things.”

Starbucks Corporation (NASDAQ:SBUX) is a global brand that roasts, markets, and sells coffee. Its stores provide a variety of beverages, coffee beans, and food products. It is worth noting that Cramer was bullish on the stock on August 6 when he commented:

“HundredX has pointed out a host of things that’ve helped me. How about this one? When I get my Starbucks caramel latte, my request, in four minutes, that used to be much longer, much, much longer, until recently. HundredX tells me that I’m not alone. They’re starting to see something similar among Starbucks customers that they canvass. I like that. Any confirmation that makes my anecdotal thinking feel like the empirical one is good for my Charitable Trust position, and I just told club members to buy some more. It makes me want to buy even more when I think about it.”

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Disclosure: None. This article is originally published at Insider Monkey.