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星巴克Starbucks Corp. (SBUX) 2026财年第一季度业绩报告「NASDAQ」(英文版)(17页).pdf

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1、Exhibit 99.1Starbucks Reports Q1 Fiscal Year 2026 ResultsQ1 Comparable Store Sales Accelerate to 4%Globally and in the U.S.,Led by TransactionsCompany Delivers U.S.Comparable Transaction Growth for the First Time in Eight Quarters Q1 Consolidated Net Revenues Up 6%to$9.9 BillionQ1 GAAP EPS$0.26,Non-

2、GAAP EPS$0.56Company Introduces Fiscal Year 2026 GuidanceSEATTLE;January 28,2026 Starbucks Corporation(Nasdaq:SBUX)today reported financial results for its 13-week fiscal first quarter ended December 28,2025.GAAP results in fiscal 2026 include items that are excluded from non-GAAP results.Please ref

3、er to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.Q1 Fiscal Year 2026 HighlightsGlobal comparable store sales increased 4%,driven by a 3%increase in comparable transactions and a 1%increase in average ticketNorth America and U.S.comparable

4、 store sales increased 4%,driven by a 3%increase in comparable transactions and a 1%increase in average ticketInternational comparable store sales increased 5%,driven by a 3%increase in comparable transactions and a 2%increase in average ticket;China comparable store sales increased 7%,driven by a 5

5、%increase in comparable transactions and a 2%increase in average ticketThe company opened 128 net new stores in Q1,ending the period with 41,118 stores:52%company-operated and 48%licensedAt the end of Q1,stores in the U.S.and China comprised 61%of the companys global portfolio,with 16,911 and 8,011

6、stores in the U.S.and China,respectivelyConsolidated net revenues increased 6%to$9.9 billion,or a 5%increase on a constant currency basisGAAP operating margin contracted 290 basis points year-over-year to 9.0%,primarily driven by labor investments in support of“Back to Starbucks”and inflationary pre

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1. **Q1业绩**:全球同店销售额增4%(美国4%,中国7%),总营收增6%至99.15亿美元;GAAP EPS 0.26美元(降62%),Non-GAAP EPS 0.56美元(降19%)。 2. **业务亮点**:全球交易量增3%,客单价增1%;净新增128家门店,全球门店达41,118家(美国16,911家,中国8,011家)。 3. **战略进展**:宣布与博裕资本成立中国合资企业(持股40%),预计2026年春季完成;宣布2026财年指引:全球同店销售增3%以上,Non-GAAP EPS 2.15-2.40美元。 4. **成本压力**:GAAP运营利润率降至9.0%(受人力投入及通胀影响),Non-GAAP运营利润率10.1%。
星巴克Q1增长动力? 中国业务有何变化? 利润为何下滑?
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