The difficult road ahead for Club holding Starbucks took a dramatic, unexpected turn this weekend — one that Jim Cramer said he's not seen before in his four decades on Wall Street.
"I think he's coming from the point of view just sadness about where the franchise is," Jim said.
Narasimhan said Starbucks is working on a plan to speed up customer service and improve its supply chain.
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Former Starbucks CEO Howard Schultz testifies about the company's labor and union practices during a Senate Committee on Health, Education, Labor and Pensions hearing on Capitol Hill in Washington, DC, March 29, 2023.
Persons:
Jim Cramer, he's, Howard Schultz, Schultz, I've, Jim, Laxman Narasimhan, Kevin Johnson, SBUX, Narasimhan, Howard, Jim Cramer's, Saul Loeb
Organizations:
Club, Starbucks, CNBC, LinkedIn, Health, Education, Labor, Capitol, AFP, Getty
Locations:
U.S, North America, China, Washington , DC