Xin Lang Cai Jing·2025-10-30 01:58Core Insights - Starbucks reported a continuous revenue growth for four consecutive quarters, reaching $831.6 million in Q4 2025, a year-on-year increase of 6% [1] - The total revenue for the fiscal year 2025 was $3.105 billion, reflecting a 5% year-on-year growth [1] - Same-store sales experienced positive growth for the second consecutive quarter, increasing by 2%, with a 9% rise in transaction volume year-on-year [1] Revenue and Sales Performance - The growth in same-store sales was driven by multi-dimensional innovation, including ongoing product innovation that effectively expanded the customer base and the healthy profitability of the Star Delivery service [1] - The Starbucks Rewards program saw an increase in active members, reaching a record high of 25.5 million by the end of the fiscal year [1] Store Expansion and Profitability - Starbucks maintained a double-digit operating profit margin for its stores, with both operating profit and profit margin showing sequential improvement for four consecutive quarters [1] - In Q4, Starbucks opened 183 new stores and entered 47 new county-level markets, with a total of 415 net new stores added throughout fiscal year 2025 [1] - By the end of fiscal year 2025, Starbucks had established 8,011 stores across 1,091 county-level cities [1] Leadership Commentary - The CEO of Starbucks China, Liu Wenjuan, stated that the company is on a positive trajectory for growth, achieving robust key business metrics and setting multiple historical performance records in the fiscal year-end season [1] - The outstanding performance is attributed to continuous product innovation, exemplified by the tea latte series, and the rapid growth of the Star Delivery business [1]