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]

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]