Here’s why Jim Cramer thinks Starbucks is a buy despite its recent rough patch

An employee serves customers at a Starbucks mobile coffee cart at West Lake on June 7, 2022 in Hangzhou, Zhejiang Province of China.

Long Wei | Visual China Group | Getty Images

Starbucks‘ (SBUX) 12-session losing streak is finally over, with Wednesday’s gain making a small dent in its recent decline of more than 10%. Despite persistent China concerns, which have been underlying the selling for nearly three weeks, we view the recent rough patch as a way to buy shares in a quality company at a discount.