Core Viewpoint - Starbucks reported a total net revenue of approximately $9.456 billion for the reporting period, representing a year-on-year growth of 3.8%, while net profit attributable to shareholders fell by 47.1% to $558 million [1]. Financial Performance - Global comparable store sales decreased by 2%, and the global operating margin was 10.1% [1]. - In the Chinese market, same-store sales grew by 2%, with transaction volume increasing by 6%, but the average transaction value declined by 4% [3]. Strategic Moves in China - Starbucks is seeking strategic partners to sell part of its stake in the Chinese market, aiming to retain a significant portion of ownership [2][3]. - The valuation of Starbucks' Chinese business is reported to be as high as $10 billion, attracting nearly 30 private equity firms [3]. - Potential buyers include major domestic players and well-known investment firms, with Starbucks emphasizing the need for partners who can provide resources or expertise for growth in China [3]. Market Challenges - Starbucks faces increasing competition from local coffee brands like Luckin Coffee and Koolearn, which have surpassed Starbucks in revenue and store count [3]. - The coffee market in China is experiencing rapid growth, with a significant increase in per capita coffee consumption [3]. Changes in Business Strategy - Starbucks has increased its marketing efforts, including collaborations with popular brands and a price reduction on several key products, marking the first official price cut in 25 years [10]. - The company is also enhancing its "third space" concept by introducing free study rooms in some locations, aiming to differentiate itself from competitors [10]. - Starbucks is undergoing self-transformation to adapt to the evolving consumer preferences and competitive landscape in the Chinese coffee market [10]. Store Expansion - As of the end of the third quarter, Starbucks operated 7,828 stores in China, making it the third-largest brand in terms of store count in the Chinese coffee market, with 70 new stores opened in the quarter [8].

Core Viewpoint - Starbucks is at a critical juncture in the Chinese market, seeking strategic partners to navigate market changes and enhance its growth potential, as evidenced by its recent financial performance [2][3][4]. Financial Performance - In Q3 of FY2025, Starbucks reported a revenue increase of 8% year-on-year in the Chinese market, reaching $790 million, marking three consecutive quarters of growth [2][3]. - Same-store sales grew by 2% year-on-year, with improvements in both transaction volume and average ticket size [3]. Strategic Adjustments - Starbucks is evaluating over 20 potential strategic partners that share its vision and values to capitalize on the growth opportunities in China [2]. - The company aims to address challenges posed by local competitors and the shift of market growth towards lower-tier cities [3][5]. Market Context - The Chinese coffee market has seen significant growth, with the number of coffee shops increasing from 83,000 in 2021 to 171,000 by April 2025, a 106% rise [6]. - Local brands like Luckin Coffee and Heytea are rapidly expanding, with Luckin reaching 24,097 stores and Heytea approaching 7,000 stores [6]. Competitive Landscape - Starbucks faces structural challenges in the Chinese market, including competition from local brands that offer better price-performance ratios and a need for enhanced product localization [5][6]. - The company’s traditional business model, which relies heavily on direct ownership and high operational costs, limits its ability to penetrate lower-tier markets effectively [4][5]. Future Directions - Starbucks is focusing on enhancing its "third place" experience, which includes innovative store concepts in tourist areas and partnerships with local attractions [8]. - The company must balance the introduction of local partners with the preservation of its brand identity and international standards to avoid brand dilution [7][8].

智通财经7月30日电，星巴克扭转6.4%的涨幅，跌幅高达2.1%。 ...

星巴克(SBUX.O)股价跌幅扩大至2%。 ...

星巴克转跌，此前一度涨约5%。 ...

Group 1 - Starbucks opened at $98.425 per share on July 30, with a 5.88% increase, and a total market capitalization of $111.88 billion [1] - For the fiscal year ending June 29, 2025, Starbucks reported total revenue of $27.615 billion, reflecting a year-over-year growth of 1.89% [1] - The net profit attributable to shareholders for the third quarter of fiscal year 2025 was $1.723 billion, a decrease of 39.57% year-over-year, with basic earnings per share of $1.52 [2] Group 2 - Starbucks is committed to ethically sourcing and roasting high-quality Arabica coffee, positioning itself as a leading specialty coffee roaster and retailer globally [2]

星巴克(SBUX.O)上涨6.4%，为5月12日以来盘中最大涨幅。 ...

星巴克涨超5%，公司第三财季营收超预期。 ...

美股开盘，道指涨8点，标普500指数涨0.12%、纳指涨0.19%。Coinbase(COIN.O)涨2.9%，公司与摩根 大通展开合作。星巴克(SBUX.O)涨6%，财报显示三财季中国市场同店销售额增长。诺和诺德(NVO.N) 跌5%。纳斯达克中国金龙指数跌0.9%。 ...

Core Viewpoint - Despite a sixth consecutive quarter of declining same-store sales in the U.S., Starbucks shows signs of reform with better-than-expected results, leading the market to adopt a "believe first" approach [2] Financial Performance - Adjusted earnings per share were $0.50, below the market expectation of $0.65, while revenue reached $9.5 billion, a 5% year-over-year increase [2] - U.S. same-store sales fell 2% in Q2, in line with the previous quarter but better than the analyst forecast of a 2.5% decline; comparable transaction volume decreased by 4%, also better than the expected 4.5% drop [2] - China same-store sales continued to grow, with a 2% year-over-year increase, surpassing the expected 1.4% growth [6][7] Market Strategy and Reforms - To reverse the downturn, Starbucks has implemented several reforms in the U.S. market, including layoffs, requiring more employees to return to the office, increasing staffing in stores, and reshaping service models [4] - The new "Green Apron Service" plan is set to launch in mid-August, with pilot stores showing improvements in transaction volume, sales, and service efficiency [4] - Starbucks plans to invest approximately $150,000 per store for small-scale upgrades to create a "comfortable café atmosphere," moving away from the previous fast-casual experience [4] New Store Development - The construction cost for new stores has decreased by about 30%, with a new prototype store featuring 32 seats and a drive-thru set to launch in fiscal year 2026 [5] Product Innovation - Starbucks is shifting its product innovation approach from a top-down model to a co-creation model with store partners, addressing past criticisms of overly complex menus [8] - A new menu featuring protein cold foam drinks and coconut water tea beverages is set to launch in Q4, with a focus on quality and customer engagement [8]