Jim Cramer on Starbucks: “I Think This Turn Is Solid and Long-Lasting”

Company Overview - Starbucks Corporation (NASDAQ:SBUX) is a leading retailer of coffee, tea, and other beverages, as well as food products, operating through its stores and licensed outlets. The company's brands include Starbucks Coffee, Teavana, Seattle's Best Coffee, Ethos, and Starbucks Reserve [2]. Recent Performance - The company experienced a significant upside surprise in same-store sales, indicating strong performance compared to the previous year. This positive development is attributed to the leadership of CEO Brian Niccol, who took over in August 2024 with a focus on improving service speed to deliver coffee in four minutes or less [1]. Market Sentiment - Jim Cramer expressed a bullish outlook on Starbucks stock, highlighting that the Charitable Trust holds a "huge position" in it. Despite a subsequent pullback in stock price after the earnings report, the overall sentiment remains positive, suggesting that Wall Street is beginning to recognize the company's potential [1].