Jim Cramer on Starbucks: "I Think This Is the Year It Comes Back"

Starbucks Corporation (NASDAQ:SBUX) is one of the stocks Jim Cramer shared his takes on. Cramer showed some optimism around the future of the company, as he said:

“Then there are the hope-spring-eternal buyers. I see a bunch of these stories, and I’m involved in some of them for the Charitable Trust, stocks like Nike, like Starbucks, which have seen their share price just obliterated by the poor performance of previous CEOs. I see green shoots in both these companies. And their strength, I’ve got to tell you, their strength this year so far reflects a real rebound… As for Starbucks, I think this is the year it comes back, but I have to tell you that it’s been a tough run for CEO Brian Niccol… of Chipotle, as it seems like the Seattle-based coffee chain was far more broken than anyone realized. Lots of poorly performing stores, many of them are being closed. Big execution issues, those are being fixed. Miserable throughput, that’s already been fixed. I think everything is changing for the better.”

Starbucks Corporation (NASDAQ:SBUX) sells coffee, tea, beverages, and food products through its stores and licensed outlets. The company’s brands include Starbucks Coffee, Teavana, Seattle’s Best Coffee, Ethos, and Starbucks Reserve.

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