Jim Cramer Discusses Starbucks (SBUX) CEO's Turnaround Efforts

We recently published Jim Cramer’s 12 Fresh Stocks & Quantum Computing Trading Strategy. Starbucks Corporation (NASDAQ:SBUX) is one of the stocks Jim Cramer recently discussed.

Starbucks Corporation (NASDAQ:SBUX) came to Cramer’s attention as he discussed Nike’s turnaround. Like the shoe company, the coffee chain is also in the middle of a turnaround. As is the case with Nike’s CEO Elliott Hill, Cramer also has faith in Starbucks Corporation (NASDAQ:SBUX)’s CEO Brian Niccol. In his previous comments about the firm, he has outlined that Niccol has continually stressed to him that the turnaround at Starbucks Corporation (NASDAQ:SBUX) will take time. He also believes that the recent sluggishness in the shares is due to analyst over-optimism rather than the turnaround itself. This time, he discussed the turnaround and the share price:

“But am I also saying, that it’s Brian Niccol’s last bad quarter on Starbucks. And these are very big bets, because if they’re not, then you’re going to revisit this. And if you’re not, you’re going to revisit Starbucks in the 70s. But I’m with them, not against them. I think that they are great operators with a terrific outlook for 2026.”

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