The company reported first-quarter revenue of $6.75 billion with earnings of 61 cents per share. Analysts were expecting Starbucks to report revenue of $6.93 billion with earnings of 55 cents per share.
And Starbucks executive Rosalind Brewer is leaving the company to take the helm as CEO of Walgreens.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, weighs in on Starbucks.
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