Jim Cramer: Starbucks Needs More Traffic in Stores
Jim Cramer says Starbucks is in need of traffic.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Starbucks (SBUX) - Get Report is in need of traffic. "The environment may be a secular change," Cramer said. "Starbucks talks about being the third place between home and office but how about if you don't go away from your home other than to get to the office and you're hunkering down?" Cramer said he thinks people are staying home more and watching Netflix and Starbucks doesn't fit in well into that trend. Starbucks reported better than expected earnings for its most recent quarter on Thursday.
