Despite Starbucks' earnings miss, Jim Cramer says CEO Brian Niccol can carry out turnaround [CNBC]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: CNBC
The coffee chain's quarter missed expectations, and shares have fallen 5.66%. “This is a case where you simply have to bet on the jockey and remember that he can turn the horse around and make it a winner,” he said. CNBC's on Wednesday expressed faith in CEO Brian Niccol's ability to execute a turnaround, even though the coffee chain's quarter expectations and failed to impress Wall Street. “This is a case where you simply have to bet on the jockey and remember that he can turn the horse around and make it a winner,” he said. Starbucks weaker-than-expected earnings and revenue, posting another quarter of same-store sales declines. Shares dipped during Wednesday's session, finishing down 5.66%. Niccol admitted the results were “disappointing” on the earnings call, but he claimed that “behind the scenes, we really are showing a lot of signs of progress.” Cramer was incredulous that some on Wall Street would turn away from the company only six months into Niccol's term as CEO,
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SBUX
Earnings
- 10/29/25 - Miss
SBUX
Sec Filings
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- SBUX's page on the SEC website