---
title: "Starbucks Stock Reaches Record High Following Successful Q3"
url: https://burnaze.com/article/100e9eee-1fac-4aad-90c2-6e569a816ca5
source: "1851 Franchise"
original_url: https://1851franchise.com/starbucks-stock-reaches-record-high-following-successful-q3-2710608
category: "Coffee & tea"
industry: "Restaurants"
segment: "Coffee & tea"
topics: ["Finance & M&A"]
published: 2019-07-29T22:17:01.000Z
modified: 2026-11-01T02:26:52.614Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/115a5b76439667cada7903e07d142722874.jpg
---

# Starbucks Stock Reaches Record High Following Successful Q3

**TL;DR:** Starbucks' stock reached a record high following its Q3 earnings call, with shares rising to $97.36 near midday in New York. The company's earnings, revenue, and global same-store sales all beat Wall Street's expectations.

*originally published in 1851 Franchise on 2019-07-29. [Read the original](https://1851franchise.com/starbucks-stock-reaches-record-high-following-successful-q3-2710608).*

## Story

According to an article on Barron’s , shares of Starbucks "rose to all-time highs” following the coffee chain’s Q3 earnings call. “ Starbucks stock was up 7% to $97.36 near midday in New York,” the article stated. An earlier high of $97.93 marked a record for the shares, which had risen 41% in 2019 through Thursday’s close.

“Earnings, revenue, and global same-store sales all beat WallStreet’s expectations,” the article stated. “The company lifted its year-end targets for all three numbers Thursday evening.”

Among the key strategies laid out by the company was the continued focus on Starbucks' app-based rewards program , which hit the 17.2 million 90-day active user mark, and is growing 14% year-after-year.

According to the article, one interesting highlight was when Starbucks management said that in the Americas, where same-store sales rose 7% during the quarter, cold drinks were a standout. The combination of improved digital execution, beverage innovation, sizable general and administrative savings initiatives and more have all contributed to the record-breaking stock prices.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- Starbucks (company)
- same store sales (topic)
- rewards program (topic)
- q3 earnings (topic)
- stock price (topic)
- Wall Street (regulator)
- digital execution (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/starbucks-stock-reaches-record-high-following-successful-q3-2710608). Summarized by Burnaze (https://burnaze.com/article/100e9eee-1fac-4aad-90c2-6e569a816ca5).