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]

据星巴克中国方面透露，其持续的增长势头得益于非咖饮品创新与价格调整带来的需求增长和快速增长 的专星送业务需求。未来将持续强化星巴克的第三空间布局以及与在地文化的深入联结。中经记者 黎 竹 孙吉正 北京报道 从星巴克中国2025财年第四季度表现来看，其营业收入同比增长6%至8.3亿美元（约合人民币59亿 元），实现连续四个季度的同比增长。同时，星巴克中国同店销售额同比增长2%，同店交易量增长 9%，但同店客单价同比下降7%。 在门店方面，星巴克经营利润与利润率连续四个季度实现环比提升。第四季度新开出183家门店，新进 入47个县级市场。2025财年全年累计净新增门店达415家。截至2025财年末，星巴克在全国1091个县级 城市开出了8011家门店。 【星巴克中国2025全财年收入同比增长5%】10月30日，星巴克发布2025财年第四季度及全财年业绩报 告，根据公告，星巴克中国2025全财年收入同比增长5%，达31.05亿美元。 星巴克中国首席执行官刘文娟指出："为应对快速变化的市场，我们团队以敏捷的姿态持续优化产品与 定价体系。更重要的是，新开门店所展现出的强劲经济效益，成为我们持续开拓中国市场，把握广阔发 ...

10月30日，星巴克发布2025财年第四季度及全财年业绩报告，根据公告，星巴克中国2025全财年收入同 比增长5%，达31.05亿美元。 星巴克中国首席执行官刘文娟指出："为应对快速变化的市场，我们团队以敏捷的姿态持续优化产品与 定价体系。更重要的是，新开门店所展现出的强劲经济效益，成为我们持续开拓中国市场，把握广阔发 展机遇的强劲动力。" 从星巴克中国2025财年第四季度表现来看，其营业收入同比增长6%至8.3亿美元（约合人民币59亿 元），实现连续四个季度的同比增长。同时，星巴克中国同店销售额同比增长2%，同店交易量增长 9%，但同店客单价同比下降7%。 在门店方面，星巴克经营利润与利润率连续四个季度实现环比提升。第四季度新开出183家门店，新进 入47个县级市场。2025财年全年累计净新增门店达415家。截至2025财年末，星巴克在全国1091个县级 城市开出了8011家门店。 据星巴克中国方面透露，其持续的增长势头得益于非咖饮品创新与价格调整带来的需求增长和快速增长 的专星送业务需求。未来将持续强化星巴克的第三空间布局以及与在地文化的深入联结。 （文章来源：中国经营报） ...

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]