Di Yi Cai Jing·2025-09-26 07:06Core Viewpoint - Starbucks has announced a restructuring plan to support its "Return to Starbucks" initiative, which includes closing certain stores and reducing staff, with an estimated total restructuring cost of approximately $1 billion [1][2]. Group 1: Restructuring Plan - The restructuring plan involves closing underperforming stores and eliminating around 900 positions [1]. - The company estimates that approximately $150 million of the restructuring costs will be related to employee separation benefits, and about $400 million will be associated with the disposal and impairment of store assets [1]. Group 2: Financial Performance - For the third fiscal quarter of 2025, Starbucks reported total revenue of $9.456 billion, a year-over-year increase of 3.8%, while net income attributable to shareholders was $558 million, a decline of 47.1% year-over-year [2]. Group 3: Business Strategy in China - Starbucks is considering the sale of its China operations, with an estimated valuation of $5 to $6 billion [2]. - The company emphasizes that store expansion remains a key driver of growth for its business in China, focusing on creating a high-quality store portfolio that delivers good returns and a unique Starbucks café experience [2].