Core Insights - Starbucks reported a 6% year-over-year revenue growth in China for Q4 FY2025, reaching $831.6 million (approximately RMB 5.913 billion) [1] - For the full fiscal year 2025, Starbucks China revenue increased by 5% to $3.105 billion (approximately RMB 22.077 billion) [1] - The company opened 183 new stores in Q4 FY2025, entering 47 new county-level markets, with a total of 415 new stores added throughout the fiscal year [1] Financial Performance - Q4 FY2025 revenue for Starbucks China was $831.6 million, marking a 6% increase year-over-year [1] - Full fiscal year 2025 revenue reached $3.105 billion, reflecting a 5% growth compared to the previous year [1] Market Expansion - Starbucks continues to focus on penetrating lower-tier markets in China, with a total of 8,011 stores across 1,091 county-level cities by the end of FY2025 [1] - New stores have maintained a high level of profitability, contributing above-average same-store sales growth [1] Strategic Partnerships - Starbucks CEO expressed confidence in retaining significant equity in its China operations while exploring partnerships to unlock future growth potential [2] - The company is focused on finding suitable partners to enhance its growth trajectory in China, emphasizing the value of future investments and royalty payments [2] Product Innovation - The company highlighted successful product innovations, particularly the tea latte series, and the rapid growth of its delivery service as key drivers of performance [2] - Continuous optimization of product offerings and pricing strategies is being implemented to adapt to the fast-changing market [2]

Core Insights - Starbucks reported a 6% year-over-year growth in the Chinese market for Q4 of fiscal year 2025, reaching $831.6 million [1] - The total revenue for fiscal year 2025 was $3.105 billion, reflecting a 5% increase compared to the previous year [1] - Same-store sales in China experienced a positive growth of 2% for the second consecutive quarter, with a 9% increase in transaction volume year-over-year [1] Revenue and Growth - The growth momentum in China is attributed to innovations in non-coffee beverages, price adjustments, and the rising demand for the "Starbucks Delivery" service [1] - In Q4, Starbucks opened 183 new stores and entered 47 new county-level markets [1] - For the entire fiscal year 2025, the net increase in stores was 415, including unique concept stores in locations such as Hangzhou and Huangshan [1] Store Expansion - As of the end of fiscal year 2025, Starbucks operated 8,011 stores across 1,091 county-level cities in China [1]

Core Insights - Starbucks China reported a 5% year-over-year revenue growth for the fiscal year 2025, reaching $3.105 billion [1] - The CEO emphasized the importance of agile product optimization and pricing strategies in response to market changes, alongside strong economic benefits from new store openings [1] Financial Performance - In Q4 of fiscal year 2025, Starbucks China achieved a 6% year-over-year revenue increase, totaling $830 million (approximately 5.9 billion RMB) [1] - Same-store sales grew by 2%, with a 9% increase in transaction volume, although the average ticket price decreased by 7% year-over-year [1] Store Expansion - Starbucks opened 183 new stores in Q4, entering 47 new county-level markets [1] - The total net new stores for fiscal year 2025 reached 415, with a total of 8,011 stores across 1,091 county-level cities by the end of the fiscal year [1] Growth Drivers - The growth momentum is attributed to innovations in non-coffee beverages, price adjustments, and the rapidly growing demand for the "Starbucks Delivery" service [2] - The company plans to strengthen its third space strategy and deepen connections with local cultures [2]

Core Insights - Starbucks China reported a 5% year-on-year revenue growth for the fiscal year 2025, reaching $3.105 billion [2] - The CEO of Starbucks China emphasized the importance of agile product optimization and pricing strategies to adapt to the rapidly changing market [2] Financial Performance - In Q4 of fiscal year 2025, Starbucks China's revenue grew by 6% to $830 million (approximately 5.9 billion RMB), marking four consecutive quarters of year-on-year growth [2] - Same-store sales increased by 2%, with same-store transaction volume rising by 9%, although the same-store average ticket price decreased by 7% [2] Store Expansion - Starbucks achieved a sequential increase in operating profit and profit margin for four consecutive quarters [2] - In Q4, 183 new stores were opened, entering 47 new county-level markets, with a total of 415 net new stores added throughout fiscal year 2025 [2] - By the end of fiscal year 2025, Starbucks operated 8,011 stores across 1,091 county-level cities in China [2] Growth Drivers - The sustained growth momentum is attributed to innovation in non-coffee beverages, price adjustments, and the rapidly growing demand for the "Starbucks Delivers" service [2] - The company plans to continue enhancing its third space strategy and deepen connections with local cultures [2]

Core Insights - Starbucks reported a year-over-year revenue growth of 8% in Q3 of FY2025 for its China segment, reaching $790 million, marking three consecutive quarters of growth [1] - Same-store sales increased by 2%, with both transaction volume and average ticket size showing sequential improvement [1] - The growth was driven by product innovation, marketing activities, and the rapid growth of same-store sales from new openings over the past two years, alongside effectively capturing the rising online demand [1] Financial Performance - Operating profit margins continued to grow sequentially, maintaining a healthy double-digit level [1] - As of the end of Q3, the total number of stores in China reached 7,828, with 70 new stores opened and entry into 17 new county-level markets [1] - New stores have maintained efficient profitability, with new openings contributing above-average same-store sales over the past two years [1] Product Innovation and Customer Engagement - The "True Taste No Sugar" innovation system was launched, offering healthier and customizable options (over 500 flavor combinations), which increased customer purchase frequency [1] - The "Star Delivery" service experienced healthy growth, leveraging technological capabilities and a self-delivery fulfillment system to provide a stable online and offline experience, resulting in net growth in delivery business with healthy average ticket size and profit margins [1] Strategic Partnerships and Market Confidence - CEO Brian Niccol highlighted that recent adjustments in China are yielding results, with continuous revenue and same-store sales growth [2] - The company is seeking strategic partners with shared vision and values to capitalize on the significant growth potential in the Chinese market, evaluating over 20 interested institutions [2] - Starbucks remains confident and committed to the Chinese market, aiming to retain a substantial equity stake in its operations, reflecting strong trust in its team and brand [2]

Core Insights - Starbucks reported a revenue growth of 8% year-over-year in Q3 of FY2025 for its China segment, reaching $790 million, marking three consecutive quarters of growth [1] - Same-store sales increased by 2%, with both transaction volume and average ticket size showing sequential improvement [1] - The growth was driven by product innovation, marketing activities, and the rapid growth of same-store sales from new openings over the past two years, alongside effectively capturing the rising online demand [1] Financial Performance - Operating profit margins continued to grow sequentially, maintaining a healthy double-digit level [1] - As of the end of Q3, the total number of stores in China reached 7,828, with 70 new stores opened and entry into 17 new county-level markets [1] - New stores have maintained efficient profitability, with new openings contributing above-average same-store sales over the past two years [1] Product Innovation and Customer Engagement - The "True Taste No Sugar" innovation system was launched, offering healthier and customizable options (over 500 flavor combinations), which increased customer purchase frequency [1] - The "Star Delivery" service experienced healthy growth, leveraging technological capabilities and a self-delivery fulfillment system to provide a stable online and offline experience, resulting in net growth in delivery business with healthy average ticket size and profit margins [1] Strategic Partnerships and Market Confidence - CEO Brian Niccol highlighted that recent adjustments in China are yielding results, with continuous revenue and same-store sales growth [2] - The company is seeking strategic partners with shared vision and values to capitalize on the significant growth potential in the Chinese market, evaluating over 20 interested institutions [2] - Starbucks remains confident and committed to the Chinese market, aiming to retain a substantial equity stake in its operations, reflecting strong trust in its team, brand, and long-term growth opportunities [2]