数据显示，星巴克在中国内地市场的同店销售额同比增长2%，同店交易量和同店客单价均取得环比提 升。行业分析认为，相关增长得益于三方面，包括卓有成效的产品创新与营销活动，过去两年星巴克在 中国内地新开门店同店销售的高速增长，以及快速捕捉并满足快速增长的线上需求。在经营利润方面， 这个季度的利润率环比持续增长，继续保持两位数的健康水平。 截至第三季度末，中国内地星巴克门店数量达到7828家，新开70家门店，新进入17个县级市场。 （文章来源：新华财经） 新华财经上海7月30日电 星巴克30日发布2025财年第三季度（指2025年3月31日至6月30日）财报，总营 收达95亿美元，经调整后每股收益为0.5美元。其中国市场营业收入同比增长8%至7.9亿美元，实现连续 三个季度的同比增长。 ...

Core Insights - Despite a sixth consecutive quarter of declining same-store sales in the U.S., Starbucks shows signs of recovery as the decline is less severe than expected, leading the market to adopt a "wait and see" approach [1] Financial Performance - Adjusted earnings per share for Starbucks were $0.50, below the market expectation of $0.65, but revenue reached $9.5 billion, a 5% year-over-year increase, exceeding expectations [1] - Same-store sales in the U.S. fell by 2% in Q2, matching the previous quarter but better than the analyst forecast of a 2.5% decline [1] - Comparable transaction volume decreased by 4%, which is also better than the anticipated 4.5% drop [1] - In China, same-store sales continued to grow, marking a positive trend for the company [1] Market Strategies - To address the sales slump, Starbucks has implemented several reforms in the U.S., including layoffs, encouraging more employees to return to the office, and increasing staffing in stores to enhance service models [5] - The "Green Apron Service" initiative is set to launch fully in mid-August, with pilot stores showing improvements in transaction volume, sales, and service efficiency [5] - Starbucks plans to invest approximately $150,000 per existing store for minor upgrades to create a more comfortable café atmosphere, moving away from a fast-casual experience [5] - New store construction costs have been reduced by about 30%, with a new prototype store featuring 32 seats and a drive-thru expected to launch in FY2026 [5] Regional Performance - In the context of a 2% year-over-year decline in global same-store sales, the Chinese market stands out with a 2% increase, surpassing the expected 1.4% growth, driven by increased transaction volume despite a decrease in average ticket size [6] - This marks the second consecutive quarter of positive same-store sales growth in China, with management actively seeking local partners to expand long-term opportunities in the market [6] Product Innovation - Starbucks is shifting its product innovation approach from a top-down model to a collaborative "co-creation" process with store partners, addressing past criticisms of overly complex menus [7][8] - A new generation of menu items, including a protein cold foam drink and coconut water tea beverages, is set to launch in Q4, with a focus on healthier options [8] - The company emphasizes involving store partners from the beginning of the product development process to ensure practical operational alignment [9]

Financial Performance - Starbucks reported Q3 FY2025 net revenue of $9.456 billion, up from $9.11 billion in the same period last year, exceeding analyst expectations of $9.29 billion [1] - Adjusted earnings per share were $0.49, below the forecast of $0.65 [1] - Same-store sales in China grew by 2%, surpassing the expected growth of 1.44% [1] Strategic Initiatives - CEO Howard Schultz stated that recent adjustments in China are yielding results, with three consecutive quarters of revenue growth and year-over-year same-store sales increases [3] - Innovations such as "Sugar-Free True Flavor" beverages and new customization options have increased customer purchase frequency, while price adjustments on non-coffee products have broadened the customer base and enhanced consumption during lunch and evening hours [3] Equity Sale and Market Position - Starbucks is exploring the sale of a portion of its equity in China, seeking strategic partners that share its vision and values, while maintaining a significant stake in the business [4] - The company is evaluating over 20 interested institutional investors, emphasizing its confidence and commitment to the Chinese market [4] - Reports indicate that potential equity sale offers have reached a valuation of $10 billion, with nearly 30 private equity firms, including Centurium Capital and Hillhouse Capital, submitting non-binding bids [5] - As of Q3 FY2025, Starbucks operates 7,828 stores in China, covering over 1,000 cities, with new stores continuing to achieve high profitability [5]

Core Viewpoint - Starbucks is actively seeking strategic partners that share its vision and values, while evaluating over 20 interested institutions, with the intention of retaining a significant equity stake in its China operations [1][3] Financial Performance - For the third fiscal quarter of 2025, Starbucks reported total revenue of $9.456 billion, representing a year-over-year increase of 3.8%, while net profit attributable to shareholders was $558 million, down 47.1% year-over-year [1] - In the Chinese market, Starbucks' revenue for the quarter grew by 8% to $790 million, with same-store sales increasing by 2%, and both same-store transaction volume and average ticket size showing sequential improvement [1] Market Expansion - As of the end of the third quarter, Starbucks had a total of 7,828 stores, having opened 70 new locations and entered 17 new county-level markets [3] - In response to intense competition in the Chinese market, Starbucks has reduced prices on "non-coffee products" and enhanced consumption during lunch and evening periods [3] Strategic Considerations - Reports from last November indicated that Starbucks was considering selling equity in its China business, with a valuation estimated between $5 billion to $6 billion, and the transaction expected to continue until 2026 [3] - Starbucks remains confident in the significant growth opportunities within the Chinese market and is focused on revitalizing growth in its China operations while maintaining a positive development trend [3]

在第三季度，星巴克持续加码非咖场景，"上午咖啡 下午非咖"双引擎带动增长。星冰乐、冰摇茶、茶 拿铁三大王牌产品不仅拓宽了顾客群，吸引了更多年轻消费者，还提升了午间和晚间场景消费。与五月 天乐队的跨界合作引发现象级传播与破圈效应，与顾客实现深层次品牌情感共鸣与联结，在提升品牌美 誉度同时，推动业绩增长。 校对 杨利 新京报讯（记者王子扬）7月30日，连锁咖啡企业星巴克发布2025财年第三季度（截至2025年6月30日止 3个月）财报显示，第三季度营收为95亿美元，同比增长4%。中国市场方面，除了实现连续三个季度同 比增长，星巴克公司董事长及首席执行官倪睿安（Brian Niccol）在发言中提到，目前正在寻找中国业 务部分股权收购方的进展，"我们正在对超过20个有强烈意愿的机构进行评估。我们对中国市场的信心 与承诺不变，并希望保留中国业务相当比例的股权。" 编辑 李严 财报显示，本财季星巴克中国区业务同比增长8%至7.9亿美元，实现连续三个季度同比增长。同店销售 额同比增长2%，同店交易量、同店客单价均取得环比提升。截至第三季度末，星巴克中国在全国门店 数量达到7828家，新开70家门店，新进入17个县级市场。 ...

Core Insights - Starbucks reported Q3 FY2025 revenue of $9.5 billion, a 4% year-over-year increase, and an 8% quarter-over-quarter increase from $8.8 billion [1] - Revenue in the China region grew 8% year-over-year to $790 million (approximately 5.669 billion RMB), marking three consecutive quarters of growth [1] - Global same-store sales declined by 2%, primarily due to a 2% drop in comparable transaction volume, offset by a 1% increase in average ticket price [3] Group 1 - The China market's same-store sales increased by 2% year-over-year, with a 6% rise in comparable transaction volume, although the average ticket price fell by 4% [3] - As of the end of Q3, the total number of stores in China reached 7,828, with 70 new stores opened, entering 17 new county-level markets [3] - Global new store openings totaled 308 in Q3, bringing the total store count to 41,097 [3] Group 2 - The average ticket price in the China market saw a significant year-over-year decline, prompting Starbucks to lower prices and expand its product range [4] - In June, Starbucks China announced a focus on non-coffee beverages, launching a summer pricing strategy with an average price reduction of around 5 RMB for large drinks [4] - The company has been actively innovating products and enhancing consumer experiences to address performance pressures in the Chinese market [4] Group 3 - The new CEO, Brian Niccol, expressed interest in selling a portion of the China business to alleviate performance pressures while seeking strategic partners with shared visions [5] - Niccol emphasized confidence in the Chinese market's potential and the company's commitment to retaining a significant equity stake in the region [5] - The strong interest from over 20 institutions in partnering with Starbucks reflects the brand's strong market position and growth opportunities in China [5]

巴克莱：将星巴克目标价上调至115美元 美股异动丨星巴克盘前涨超4% 第三财季营收超预期 相关事件 巴克莱将星巴克目标价从106美元上调至115美元。 ...

Core Insights - Starbucks reported an 8% year-on-year increase in revenue for Q3 FY2025, reaching $790 million, with growth in both overall revenue and same-store sales in China [1][2] - The company is evaluating over 20 interested institutions for the potential sale of its China business, which could be valued at up to $10 billion [3] Financial Performance - Same-store sales in China grew by 2% year-on-year, with operating profit margins continuing to increase quarter-on-quarter, maintaining a healthy double-digit level [2][3] - The total number of Starbucks stores in China reached 7,828 by the end of Q3 FY2025, with 70 new stores opened during the quarter, entering 17 new county-level markets [2] Strategic Initiatives - The recent adjustments made by Starbucks in China have led to three consecutive quarters of revenue growth and year-on-year same-store sales growth [3] - Innovations such as "sugar-free" beverages and new customization options have increased customer purchase frequency, while price adjustments on non-coffee products have broadened the customer base and enhanced consumption during lunch and evening hours [3] Market Outlook - The company remains committed to the long-term development of the Chinese market and aims to retain a significant equity stake in its China operations while seeking strategic partners that share its vision and values [3][4]

【导读】同店销售额6个季度来首次增长，星巴克中国收到逾20个潜在收购意向 同店销售额作为餐饮行业的重要财务指标，是衡量企业内生增长能力和运营效率的核心依据。 因受到瑞幸、库迪等本土品牌的激烈竞争，星巴克中国同店销售额一度下滑。不过，最新财报显示该指 标有所回暖。 财报显示，第三季度，星巴克同店销售额增长2%，为6个季度以来首次正增长，这主要得益于交易量上 升。 不过，就平均客单价而言，同比仍下降4%，显示消费者更倾向于低价产品。 针对中国市场业绩的改善，倪睿安认为，这主要得益于近期所做的调整正在取得成效。 具体来看，产品创新层面，星巴克中国推出的"真味无糖"创新体系，引领风味咖啡走进"无糖"时代，通 过提供更健康的选择和客制化选择（500+种风味组合），提升了顾客购买频次。 当地时间7月29日，星巴克公布了截至6月29日的2025财年三季度财报，中国地区业务表现相对亮眼。 财报显示，星巴克中国第三季度实现营收7.9亿美元，同比增长8%，连续三个季度同比增长；同店销售 额同比增长2%，为一年半来首次回升。 截至第三季度末，星巴克中国门店数量达7828家，新开70家门店，新进入17个县级市场。 在财报后的电话会上 ...

智通财经7月30日电，美股绩优股盘前走强，星巴克、MARA Holdings涨超4%，FuboTV涨近10%。 ...