After the market close, the Seattle-based beverage company reported adjusted earnings of 56 cents per share, topping analysts' estimates of 55 cents per share.
Revenue rose 16% year-over-year to $5.71 billion, while analysts were anticipating $5.69 billion.
Same-store sales rose 4.0% year-over-year. The FactSet consensus was for growth of 4.9%.
For fiscal 2017, Starbucks expects to report adjusted revenue between $2.12 and $2.14 and double-digit revenue growth. Analysts surveyed by FactSet are modeling adjusted earnings of $2.16 per share.
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Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.
Starbucks' strengths such as its growth in earnings per share, increase in net income, revenue growth, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: SBUX
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.