Starbucks (NASDAQ:SBUX) closed the door on July in style by delivering record earnings for its fiscal 2015 third-quarter. Despite Wall Street already having high expectations for the java giant ahead of the quarterly announcement, the results were nothing short of awe-inspiring. The highlights included record revenue of $4.9 billion in the quarter and a 21% spike in earnings to a record $0.41 per share. Comparable store sales were another bright spot in the period, rising 7% globally, 8% in the Americas, and 11% in Starbucks' China/Asia-Pacific market. This trumped the Street's estimates for quarterly comp growth on all accounts .

Nevertheless, quarterly results can only tell you so much. For this reason, we've outlined five game-changing initiatives at Starbucks that could further fuel earnings growth and drive the stock higher from here in the quarters ahead.