Jim Cramer Says "Record Numbers" Are Coming From Starbucks Corporation (SBUX)

We recently published 8 Stocks Jim Cramer Discussed As He Dismissed Value Stocks. Starbucks Corporation (NASDAQ:SBUX) is one of the stocks Jim Cramer recently discussed.

Starbucks Corporation (NASDAQ:SBUX), courtesy of its CEO Brian Niccol, is one of Cramer’s top stocks. Niccol is currently busy with a long due turnaround at the firm. The shares have lost 5% year-to-date, primarily on the back of a major 19.8% drop in April during the Liberation Day selloff. More recently, Starbucks Corporation (NASDAQ:SBUX)’s shares fell by 2% in late August after a Bloomberg report claimed that the firm was reducing production at its plants. Cramer discussed another report:

“Uh story this weekend in Bloomberg about Starbucks having some good numbers so far with the Pumpkin Spice Latte. I’ve confirmed that that’s true. There are many things that are going well there. They’ve got some good numbers. Now is the stock going to go up on this? Well, this, again is an example of file these things away. You’ve got some good numbers coming from Starbucks, record numbers. You have things that are starting to work for Brian Niccol. You do have many buyers of Chine if he does want to sell it. So I mean yeah go sell this, my problem is when do you know to get it back?”

Here are his previous thoughts about Starbucks Corporation (NASDAQ:SBUX):

“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.”

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