Jim Cramer on Starbucks: “I Think That Brian Niccol Is Going to Pull Off This Turnaround”

Core Viewpoint - Starbucks Corporation is expected to experience a turnaround in its stock performance, with optimism surrounding its recovery under CEO Brian Niccol's leadership [1][2]. Group 1: Stock Performance - Starbucks stock reached a high of $94 before closing at $93.28, showing a gradual recovery from the $70s [1]. - The company has been identified as a potential rebound stock for the year, alongside other brands like Nike, which have suffered from previous management issues [2]. Group 2: Operational Challenges - Starbucks has faced significant operational challenges, including poorly performing stores and execution issues, many of which are being addressed [2]. - Improvements have been noted in store throughput, indicating a positive shift in operational efficiency [2]. Group 3: Competitive Landscape - The emergence of competitors like 7 Brew has been acknowledged, but there is confidence in Starbucks' ability to maintain its market position [1].