Jim Cramer blasts Starbucks CEO in a CNBC interview after horrible quarter: 'I am stunned'

Jim Cramer on Wednesday blasted Starbucks CEO Laxman Narasimhan in a

interview after the coffee giant delivered a terrible quarter and a guidance miss . With Starbucks shares down more than 15% following Tuesday evening's quarterly release and conference call, Jim asked Narasimhan in an interview on why the Club should hold the stock for the portfolio for another quarter. Narasimhan responded, in part, by saying: "It is true we had a tough quarter, but we have an action plan against that. ... We are completely focused on a plan that is not business as usual to reverse some of the trends that we have seen. And we have demand that we can meet. We have products in the pipeline that are strong. ... I think what you've seen is real progress as a business.

Investing Club , owns shares of Starbucks. reached out to Starbucks for comment on the interview.

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