2025 财年第二季度中国业绩回暖（营业收入 7.397 亿美元，同比增长 5%）后，星巴克继续乘胜追击。 7月30日，星巴克发布了2025财年第三季度财报，中国区收入同比增长8%至7.9亿美元，连续3个季度同比增长。同店销售额同比增长2%，为6个季度来首次 增长。同店交易量和同店客单价均环比提升。 | | Quarter Ended | | | --- | --- | --- | | ($ in millions) | Jun 29, 2025 | Jun 30, 2024 | | Net revenues | $790.0 | $733.8 | | Change in Comparable Store Sales (1) | 2% | (14)% | | Change in Transactions | 6% | (7)% | | Change in Ticket | (4)% | (7)% | | Store Count | 7.828 | 7,306 | 图片来源：星巴克财报 截至第三季度末，星巴克中国门店数量达到7828家，新开70家门店，新进入17个县级市场。两年内新开门店持续贡献高于均值的同店销 ...

Group 1 - Company announced that its indirect wholly-owned subsidiary in India has signed a binding term sheet with Dixon to acquire a total of 51% of the paid-up capital of India-based subsidiary [1] - The preliminary total consideration for the proposed transaction is set at 5.53 billion Indian Rupees, which includes 4.28 billion Indian Rupees for the share purchase and 1.25 billion Indian Rupees for the share subscription [1] Group 2 - India, having the largest population globally, presents significant consumption potential for smart terminal products, leading to expected stable growth in demand for camera modules and fingerprint recognition modules [2] - Establishing comprehensive operational management capabilities for camera and fingerprint recognition modules in India is crucial for capturing a larger market share [2] - Collaboration with local enterprises, such as Dixon, which is one of the largest electronic manufacturing service providers in India, is beneficial for seizing market opportunities [2] - The partnership with Dixon is anticipated to facilitate rapid growth for the Indian subsidiary and enhance operational performance for the group [2]

Group 1 - The core transaction involves a binding term sheet between India-based Q Technology and Dixon, where Dixon conditionally agrees to acquire a total of 51% of the paid-up capital of Q Technology in India through share purchase and subscription [1] - The preliminary total consideration for the transaction is set at 5.53 billion Indian Rupees, which includes 4.28 billion Indian Rupees for the share purchase and 1.25 billion Indian Rupees for the share subscription, representing approximately 15.5 times the post-tax profit of Q Technology in India [1] - After the completion of the proposed transaction, the group will retain a 49% stake in Q Technology in India, which will no longer be consolidated as a subsidiary [1] Group 2 - The Indian market, with the largest population globally, presents significant consumption potential for smart terminal products, leading to expected stable growth in demand for camera modules and fingerprint recognition modules [1] - Support from the Indian government, such as subsidies, will aid Q Technology in expanding its production capacity and enhancing service capabilities for Indian customers [2] - Collaborating with local enterprises like Dixon, which is one of the largest electronic manufacturing service providers in India, will help Q Technology seize market opportunities and meet the growing demand for camera and fingerprint recognition modules [2]