Consumers run in front of a Starbucks coffee shop at the Galleria Crackovska shopping mall in Central Cracko, Poland on 11 July 2025.
Dominica Zarzka | Nurphoto | Getty images
Starbucks On Tuesday, its sixth straightforward quarter reported a decline in the same-store sales as the company implements a turnaround strategy.
CEO Brian Nicole said in a statement that the company’s return is ahead of the schedule, based on his previous experience, which includes the turning bend around Chipotal mexican grill After a series of food-security scams.
“Our financial results do not reflect all the progress we yet reflected,” Nicole said in a pre-ridden video published with the earnings report, the signs are clear-we are gaining speed. ”
The company’s shares increased by 4% in extended trading.
Here the company reported for the quarter ended June 29, which was expected by Wall Street, based on a survey of analysts by LSEG:
- Per share income: 50 cents adjusted, it was not immediately clear that it was comparative to 65 cents.
- Revenue: $ 9.5 billion vs. $ 9.31 billion is expected
Starbucks reported a year ago, $ 558.3 million, or 49 cents per share, a fiscal third quarter net income, below $ 1.05 billion per share, or 93 cents per share.
Except for restructuring costs and other items, the company earned 50 cents per share. A one -time investment for an uncomfortable item and US store managers was weighed by 11 cents on the company’s one -time investment, hosting the company’s three -day program.
Total sale From 4% to $ 9.5 billion.
According to Strikint’s estimates, the global equal-store sales declined by 2%, dropping a stator compared to estimates of 1.3% decrease.
However, Starbucks’ North American cafe performed better than expected. According to the Strikint, the sale of the north American similar-store of the chain fell 2% compared to 2.5% of the estimated Wall Street. The transaction fell 3%, but the average ticket increased by 1% in the quarter.
Nikkol said in the video, “In the US, partner engagement is increasing, customer connection scores are increasing, a record is high when the shift is completed, non-starbuck prize customer transactions have been returned to development, and more coffeehouse positive transactions are distributed.”
And in China, the company’s second largest market, Starbucks reported an increase in sales of 2% for the quarter. The transaction climbed 6%, but the average ticket fell. Starbucks has cut prices for its drinks in China, which makes better competing with low -priced rivals like Lawbine Coffee.
This quarter marked the first time in a year and a half that the company’s business of China saw an increase in equal-store sales. Under the pressure of increased competition, a weak economy, and anxiety of the struggling American business, Starbucks is selling a stake in its China business, which can be valuable up to $ 10 billion in total, CNBC. Was reported earlier,
Looking forward for FY 2026, Starbucks has large plans. Nicole said the series will start protein cold foam, better artisan food options, coconut-water-based drinks, a new Starbucks app and a “fresh” award program.
