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星巴克Starbucks Corp. (SBUX) 2026财年第一季度业绩电话会纪要「NASDAQ」(英文版)(22页).pdf

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1、 Corrected Transcript 1-877-FACTSET Total Pages:22 Copyright 2001-2026 FactSet CallStreet,LLC 28-Jan-2026 Starbucks Corp.(SBUX)Q1 2026 Earnings Call Starbucks Corp.(SBUX)Q1 2026 Earnings Call Corrected Transcript 28-Jan-2026 1-877-FACTSET 2 Copyright 2001-2026 FactSet CallStreet,LLC CORPORATE PARTIC

2、IPANTS Catherine Park Vice President-Investor Relations,Starbucks Corp.Brian R.Niccol Chairman&Chief Executive Officer,Starbucks Corp.Catherine R.Smith Chief Financial Officer&Executive Vice President,Starbucks Corp.OTHER PARTICIPANTS David E.Tarantino Analyst,Robert W.Baird&Co.,Inc.Brian Harbour An

3、alyst,Morgan Stanley&Co.LLC David Palmer Analyst,Evercore ISI Lauren Silberman Analyst,Deutsche Bank Securities,Inc.John Ivankoe Analyst,JPMorgan Securities LLC Sara H.Senatore Analyst,BofA Securities,Inc.Jeffrey A.Bernstein Analyst,Barclays Capital,Inc.Gregory Francfort Analyst,Guggenheim Securitie

4、s LLC Peter Saleh Analyst,BTIG LLC Zachary Fadem Analyst,Wells Fargo Securities LLC Danilo Gargiulo Analyst,Bernstein Institutional Services LLC Chris OCull Analyst,Stifel,Nicolaus&Co.,Inc.Starbucks Corp.(SBUX)Q1 2026 Earnings Call Corrected Transcript 28-Jan-2026 1-877-FACTSET 3 Copyright 2001-2026

5、 FactSet CallStreet,LLC MANAGEMENT DISCUSSION SECTION Operator:Good morning.My name is Daryl,and I will be your conference operator today.I would like to welcome everyone to Starbucks First Quarter Fiscal Year 2026 conference call.All lines have been placed on mute to prevent any background noise.Op

6、erator instructions I will now turn the call over to Catherine Park,Vice President of Investor Relations.Miss Park,you may now begin your conference.Catherine Park Vice President-Investor Relations,Starbucks Corp.Good morning,and thank you for joining us today to discuss Starbucks first quarter fisc

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1. **业绩表现**:Q1 2026营收99亿美元(同比+5%),全球同店销售额增长4%,北美同店销售额增长4%(美国同店销售额增长4%,交易量增长3%),国际同店销售额增长5%(中国增长7%)。 2. **战略进展**:"回归星巴克"计划见效,首次实现奖励与非奖励会员交易量双增长(近四年首次),北美门店新增128家,国际门店新增79家。 3. **财务指标**:运营利润率10.1%(同比降180基点),EPS 0.56美元(同比降19%);预计2026财年全球同店销售额增长3%+,EPS 2.15-2.40美元。 4. **关键举措**:优化服务标准(Green Apron)、技术升级(新CTO Anand Varadarajan)、中国市场合资(与Boyu成立JV,持股40%)、成本削减目标(未来两年节省20亿美元)。
星巴克复苏计划成效如何? 中国市场增长动力是什么? 技术创新如何提升体验?
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