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Wajeeh Khan

Should You Buy SBUX Stock Following Starbucks' Blockbuster Q2 Earnings?

Starbucks SBUX Jim Cramer United States Brian Niccol

Starbucks (SBUX) stock closed meaningfully higher on April 29 after the coffee specialist delivered a decisive earnings beat that validated CEO Brian Niccol’s turnaround strategy. 

As investors cheered a 9% increase in revenue to $9.53 billion on $0.50 in earnings per share (EPS), SBUX broke above its 20-day moving average (MA), indicating continued momentum ahead. 

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