Jim Cramer Praised These 6 Companies’ Exceptional Management

2. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 76

Discussing Starbucks Corporation (NASDAQ:SBUX), Cramer noted that the company’s menu is complicated and needs to be simplified.

“That’s what they have to do with Starbucks too… When this stock was beaten down to 77 bucks, the company announced that the old CEO was out and Brian Niccol, the incredible and creative executive who turned around Chipotle during its dark days, would now be taking over. Immediately the stock took off. I kept thinking Starbucks would go down at some point, Charitable Trust owns it and wanted to buy more, but it never did. That initial run, the high 90s never looked back.

In fact, when the company reported this week, the stock powered ever higher to the point where this very big… company is now up over 40% since the last CEO got fired. Why? Didn’t the media focus on how Starbucks missed its numbers? That’s what I heard… Here’s the answer: For Starbucks, the coffee might be good, but Starbucks, the company was really poorly run and Starbucks the stores? Disasters.”

Cramer commented that this is exactly the type of role Brian excels in. He pointed out that Brian’s success at Chipotle is a testament to his ability to thrive in such positions, adding that it almost seems like he was made for this job. After interviewing Brian recently, Cramer shared that Brian has spent the last three months identifying the issues at Starbucks (NASDAQ:SBUX) and already implemented changes to address them.

Some of these adjustments include putting names on cups, bringing back the condiments table, and offering porcelain cups to customers who stay. Cramer noted that these moves may seem symbolic to some, but he believes they are grounded in practical solutions.

Starbucks (NASDAQ:SBUX) is a leading global brand in coffee roasting, marketing, and retail, providing a wide variety of beverages, coffee beans, and food products in its locations.