Starbucks CEO, Kevin Johnson, has been making tough decisions in an effort to turn the company around. These decisions include closing underperforming stores, restructuring the company, and investing in digital initiatives.
Jim Cramer’s Advice
Despite these painful moves, financial expert Jim Cramer advises against selling Starbucks stock. Cramer believes that Johnson’s efforts will ultimately pay off and lead to long-term growth for the company.
Positive Signs for Starbucks
There are already positive signs of progress for Starbucks. The company’s same-store sales have been improving, and their investment in digital initiatives has been paying off with increased mobile orders and delivery services.
Importance of Long-Term Thinking
Cramer emphasizes the importance of thinking long-term when it comes to investing in stocks. While short-term changes may be painful, they can ultimately lead to long-term growth and success.
In summary, despite CEO Kevin Johnson’s tough decisions to turn Starbucks around, financial expert Jim Cramer advises against selling Starbucks stock. There are already positive signs of progress for the company, and Cramer believes that Johnson’s efforts will lead to long-term growth. It is important to think long-term when investing in stocks and to not be deterred by short-term pains.
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