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Cramer: Starbucks wants to take over the world

Starbucks' latest earnings report shows the coffee giant's true master plan, CNBC's Jim Cramer said Friday.

"They're Pinky and the Brain. They want to take over the world," Cramer said on "Squawk on the Street," referring to characters of the animated television series.

Cramer added that the company may very well be on its way to world domination as same-store sales in the Americas and China rose 8 percent and 11 percent, respectively.

"I know everybody's worried about China … but maybe when the stock market crashes you drink more coffee because the China acceleration is extraordinary," he said.

Read MoreStarbucks stock pops on earnings beat, buyback news

Starbucks posted fiscal third-quarter results that beat Wall Street expectations on both the top and bottom lines. The company posted earnings per share of 42 cents on revenue of $4.88 billion.

Analysts expected the company to post earnings per share of 41 cents a share on revenue of $4.86 billion.

Starbucks shares opened sharply higher.