After an amazing day on Thursday, Jim Cramer thinks there is more than just coffee brewing at Starbucks. First, it announced a new partnership with Lyft, which is Uber's biggest competitor, and then after the close it reported a blowout quarter and sent the stock roaring in after-hours trading.
Starbucks delivered a 1-cent earnings beat from a 41 cent basis, higher-than-expected revenues and 7 percent global same-store-sales growth, which includes an 11 percent increase in the China/Asia Pacific market. To make matters even better, the company also raised its full-year forecast.
Can its global strength continue to dominate? To find out, Cramer spoke with Starbucks president and chief operating officer, Kevin Johnson.
"I think this was the strongest, most remarkable quarter in the 23-year history of being a publicly traded company. The growth we posted and the comps we posted, I think all support the company is executing on all cylinders," Johnson said. (Tweet This)