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Despite Starbucks' earnings miss, Jim Cramer says CEO Brian Niccol can carry out turnaround

1. Cramer supports Starbucks CEO Niccol despite recent disappointing earnings. 2. Starbucks reported lower-than-expected earnings and revenue, with shares down 5.66%. 3. Same-store sales continue to decline, which remains a significant concern. 4. Cramer highlights positive aspects, including international growth and throughput improvements. 5. Tariffs and inflation pose ongoing challenges, impacting overall market performance.

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FAQ

Why Bullish?

Cramer's optimism for CEO Niccol mirrors past successful turnarounds, potentially stabilizing investor confidence. Similar situations with companies like Chipotle support the notion of eventual recovery.

How important is it?

Niccol's leadership and Cramer's endorsement suggest significant potential for a turnaround, influencing investor sentiment.

Why Long Term?

Though immediate results are poor, Niccol’s strategies may yield long-term benefits as seen historically with his previous ventures.

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