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.
Tamara Rutter owns shares of PepsiCo and Starbucks. The Motley Fool recommends PepsiCo and Starbucks. The Motley Fool owns shares of Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.