Group 1 - Starbucks aims to engage both loyalty and non-loyalty members, addressing a decline in non-rewards customers as a critical business issue [3] - The company focuses on personalizing the experience for loyalty program members rather than relying on coupons and discounts, while also enhancing relationships with non-loyalty customers [3] - The Green Apron strategy, launched in August, introduces new customer interaction standards, staffing models, and technology to improve order fulfillment speed [4] Group 2 - Customer satisfaction has improved, with higher scores for convenience and connection, and a reduction in complaints to the lowest level in recent years [4] - Global comparable store sales increased by 4% year over year in Q1 2026, driven by a 3% rise in comparable transactions and a 1% increase in average ticket [5] - The turnaround plan has led to increases in both Starbucks Rewards and non-Rewards transactions for the first time since Q2 2022, with average service times reduced to under four minutes during peak hours [6] - Active Starbucks Rewards members rose by 3% year over year to a record 35.5 million [6]

Texas Instruments - Texas Instruments reported an adjusted EPS of $1.27, slightly below expectations, with revenue at $4.42 billion, aligning with estimates. The Q1 revenue guidance is between $4.32 billion to $4.68 billion, which is better than market expectations [2][3] - Data center revenue surged 70% last quarter, indicating strong growth in this segment, which is becoming a new growth engine for the company. Management plans to break out data center revenue separately in future reports [3][4] - The industrial market showed recovery, with growth in the high teens percentage in Q4, driven by factory automation, industrial controls, and embedded systems. However, personal electronics revenue fell in the upper teens percentage [5] Starbucks - Starbucks reported an adjusted EPS of $0.56, which was below expectations, but revenue exceeded estimates at $9.92 billion compared to the expected $9.63 billion. The company is seeing a turnaround with traffic growth for the first time in two years [8][9] - Global same-store sales increased by 4%, and traffic grew by 3%, indicating positive momentum. The holiday season also contributed to strong sales, particularly with viral marketing efforts [10][11] - Despite some margin pressure due to turnaround costs and higher coffee prices, the overall sales and traffic growth are seen as key positive indicators for the company's future [9][10] AT&T - AT&T reported an adjusted EPS of $0.52, beating expectations of $0.46, with revenue at $33.47 billion, surpassing the anticipated $32 billion. The company added 421,000 new post-paid phone customers, in line with estimates [13][14] - The churn rate remained below 1%, indicating customer retention amidst a competitive pricing environment. The company also experienced growth in broadband, adding 283,000 new fiber customers [15][16] - However, the wireline business saw a decline of 7.5%, but overall growth in other segments helped offset this loss [16]

Earnings Performance - Starbucks reported quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.58 per share, and down from $0.69 per share a year ago, representing an earnings surprise of -2.90% [1] - The company posted revenues of $9.92 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.82%, compared to year-ago revenues of $9.4 billion [2] Stock Performance and Outlook - Starbucks shares have increased by approximately 13.7% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $9.03 billion, and for the current fiscal year, it is $2.34 on revenues of $38.33 billion [7] Industry Context - The Retail - Restaurants industry, to which Starbucks belongs, is currently ranked in the bottom 19% of over 250 Zacks industries, indicating potential challenges ahead [8] - Another company in the same industry, Shake Shack, is expected to report quarterly earnings of $0.36 per share, reflecting a year-over-year change of +38.5% [9]

中国门店经营利润率季度环比持续提升，主要得益于强劲的同店增长和提升营运效率的不断努力，与此 同时，依然保持了健康的两位数门店经营利润率。 星巴克中国第一季度新进入13个县级城市，截至季度末，星巴克在全国1103个县级市开出了8011家门 店，同比增长4%。新开门店销售表现持续高于均值，超半数新开门店位于低线城市或特殊商圈。 （企业公告） 1月28日晚间，星巴克发布2026财年Q1财报。当中披露，公司全球同店销售额增长4%，主要得益于同 店交易量增长3%及平均客单价提升1%。合并净收入增长6%，达到99亿美元。按固定汇率计算，合并净 收入增长5%。 第一季度末，公司在美国和中国的门店数量占全球门店总数的 61%。其中美国有 16911 家门店，中国 有 8011 家门店。 分区域看，中国市场营收连续五个季度增长，本财季实现11%的双位数增长，达到8.234亿美元。同店 销售额实现7% 的高单位数增长（交易量增长5%，客单价增长2%）。同店交易量的增长获益于门店组 合中占比最高的商务区门店、营业时段中的早餐时段、和城市分布中低线城市的强劲表现；客单价的增 长主要得益于商品及食品品类的突出表现。 (编辑：林辰) ...

每经AI快讯，美股开盘集体上涨，道指涨0.04%，纳指涨0.62%，标普500指数涨0.28%。德州仪器涨近 3%，公司对当前季度预期高于市场预期。星巴克上涨7.6%，第一季度美国同店销售额增长4%，高于市 场预期。阿斯麦涨近2.5%，公司2025年Q4营收97亿美元，创历史新高，订单规模为132亿欧元，远超预 期。存储板块延续强势，希捷科技涨近6%，西部数据涨4.7%，闪迪涨4.8%，美光科技涨超3%。 ...

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking technology adopter, utilizing technologies to assist and enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Insights - Starbucks stock increased by over 6% following the release of quarterly results indicating a return to sales growth [1] Financial Performance - Revenue rose by 6%, while overall earnings declined; global same-store sales increased by 4% with higher ticket sizes in North America and internationally [2] - China sales showed strong performance with a 7% growth, driven by increased order sizes and same-store sales [2] - Year-over-year figures indicate a return to growth, with an increase of approximately 700 stores, bringing the total to over 41,000 worldwide, with 48% licensed and 52% company-operated [3] Strategic Initiatives - Earnings contraction was attributed to labor investments for the "Back to Starbucks" initiative and inflationary pressures, particularly from elevated coffee prices and tariffs [4] - The "Back to Starbucks" strategy aims to revitalize the brand by focusing on creating a welcoming coffeehouse environment and serving high-quality coffee, with the CEO stating that the strategy is ahead of schedule [4] Labor Relations - The ongoing Starbucks Workers United strike, which began in November 2025, seeks to address staffing levels, pay increases, and labor-law violations, representing around 11,000 workers across 550 stores [5] - The earnings release did not address the strike directly, only mentioning inherent risks associated with operating a global business, including labor strikes [6]

新浪科技讯 1月28日晚间消息，星巴克发布 2026 财年第一季度（截至 2025 年 12 月 28 日）业绩报告， 中国市场延续强劲增长态势，营收达成双位数增长，同店销售额连续三个季度保持正增长，顺利实现新 财年 "开门红"。 核心财务数据表现亮眼 财报显示，星巴克中国营收已连续五个季度实现增长，本财季营收同比增长 11%，达到 8.234 亿美元， 双位数增长态势稳固。同店销售方面，一季度实现 7% 的高单位数增长，其中交易量增长 5%，客单价 增长 2%。具体来看，同店交易量的增长得益于门店组合中占比最高的商务区门店、营业时段中的早餐 时段以及城市分布中低线城市的强劲表现；客单价增长则主要源于商品及食品品类的突出市场表现。 盈利能力方面，星巴克中国门店经营利润率季度环比持续提升，这一成果得益于强劲的同店增长及持续 提升营运效率的努力，同时门店经营利润率仍保持健康的两位数水平。 高质量拓店持续推进 下沉市场布局提速 一季度，星巴克中国在渠道拓展上持续发力，新进入 13 个县级城市。截至季度末，星巴克已在全国 1103 个县级市开出 8011 家门店，门店数量同比增长 4%。值得注意的是，新开门店销售表现 ...

Financial Data and Key Metrics Changes - In Q1 fiscal 2026, global revenue increased by 5% to $9.9 billion, with operating margins at 10.1% and EPS at $0.56, down 19% year-over-year [7][21][26] - North America revenue grew by 3% to $7.3 billion, with comparable store sales also increasing by 4% [7][22] - International revenue rose by 10% to $2.1 billion, with comparable store sales growth of 5% [16][24] Business Line Data and Key Metrics Changes - North America saw a 4% increase in comparable store sales, driven by a 3% growth in transactions [22] - The U.S. company-operated sales comps were up 4%, marking the first transaction growth in eight quarters [8][22] - The international segment's comparable sales growth was led by strong performance in China, Japan, and the U.K. [16][24] Market Data and Key Metrics Changes - Starbucks Rewards' 90-day active members reached a record 35.5 million, with both rewards and non-rewards transactions growing year-over-year for the first time in eight quarters [8][22] - In China, comparable store sales grew by 7%, reflecting strong momentum and effective marketing [16][24] Company Strategy and Development Direction - The company is focused on its "Back to Starbucks" plan, aiming for sustained growth and profitability through improved customer service and operational efficiency [6][20] - Strategic investments are being made to enhance technology and streamline operations, with a new Chief Technology Officer appointed to drive improvements [10][20] - The company plans to open approximately 600-650 net new coffeehouses in fiscal 2026, with a focus on international expansion, particularly in China [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the turnaround strategy, noting that top-line growth is expected to lead to improved margins and earnings [19][34] - The company anticipates that pressures from product and distribution costs will begin to ease in the latter half of the fiscal year [25][32] - Management highlighted the importance of maintaining customer engagement and brand relevance through innovative marketing and menu offerings [15][19] Other Important Information - A joint venture with Boyu Capital in China is expected to enhance Starbucks' growth potential in the region, with a 60% interest being sold to Boyu [27][28] - The company is implementing a new labor model and refining its supply chain to improve efficiency and reduce costs [9][44] Q&A Session Summary Question: North America traffic performance and Green Apron service model - Management noted that North America comp results were driven by transactions, with about 0.5 points attributed to sales transfer from closed stores [36][37] Question: Additional cost opportunities - The company has identified a plan to track down $2 billion in costs over the next two years, focusing on efficiency across the P&L [43][44] Question: Earnings guidance for fiscal 2026 - The higher end of earnings guidance is contingent on maintaining strong comp performance and effective execution of the Green Apron service model [46][47] Question: Same-store sales momentum and service versus innovation - Management emphasized that a strong operating foundation enhances the effectiveness of marketing and innovation efforts [66][69] Question: Afternoon execution and competition - The company sees significant opportunities in the afternoon daypart and plans to enhance its offerings to compete effectively [55][60]

Financial Data and Key Metrics Changes - In Q1 fiscal 2026, global revenue grew by 5% to $9.9 billion, with operating margins at 10.1% and EPS at $0.56, down 19% from the prior year [7][21][26] - North America revenue increased by 3% to $7.3 billion, with comparable store sales growth of 4% [7][22] - International segment revenue grew by 10% to $2.1 billion, with comparable store sales growth of 5% [16][24] Business Line Data and Key Metrics Changes - North America comparable store sales growth was driven by a 3% increase in transactions, with average ticket growing by 1% [22] - Starbucks Rewards' 90-day active members reached a record 35.5 million, with transactions from rewards members growing year-over-year for the first time in eight quarters [8][22] - The channel development segment reported a 19% increase in net revenues, driven by the Global Coffee Alliance and ready-to-drink business [24] Market Data and Key Metrics Changes - In the U.S., company-operated transaction comps grew year-over-year for the first time in eight quarters, with growth across all day parts [8] - China saw a 7% increase in comparable store sales, marking the third consecutive quarter of comp sales growth [16][24] - The company opened 79 net new international coffeehouses, with significant growth in markets like India and Latin America [17][18] Company Strategy and Development Direction - The company is focused on executing the "Back to Starbucks" plan, aiming for sustained growth and profitability [6][19] - Investments in technology and operational improvements are expected to enhance efficiency and customer experience [10][19] - The partnership with Boyu Capital aims to maximize Starbucks' potential in China, expanding into more cities and strengthening the brand [27][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the turnaround strategy, noting that top-line growth is expected to lead to improved margins and earnings [6][19] - The company anticipates that strategic investments will take time to yield sustainable earnings growth [10][19] - Management highlighted the importance of maintaining customer engagement and brand relevance through innovation and marketing [15][19] Other Important Information - The company plans to open approximately 600-650 net new coffeehouses in fiscal 2026, with a focus on both U.S. and international markets [30][31] - The effective tax rate for Q1 was 26.8%, higher year-over-year due to lapping discrete tax items [25] - The company expects consolidated operating margins to grow slightly year-over-year, driven by improvements in the latter half of the fiscal year [31] Q&A Session Summary Question: North America traffic performance and Green Apron Service impact - Management noted that North America comp results were driven by transactions, with about 0.5 points from sales transfer due to store closures [36][37] Question: Additional cost opportunities - Management outlined a plan to track down $2 billion in costs over the next two years, focusing on procurement and operational efficiency [43][44] Question: Earnings guidance for fiscal 2026 - The higher end of earnings guidance is contingent on maintaining strong comp performance and effective execution of the Green Apron Service model [46][47] Question: Same-store sales momentum and service vs. innovation - Management emphasized that a strong operating foundation enhances the effectiveness of marketing and innovation efforts [66][69] Question: Afternoon execution opportunities - Management acknowledged the potential for innovation in the afternoon daypart and plans to enhance menu offerings to meet customer needs [55][59]