Starbucks On Tuesday, the sixth consecutive quarter of the store sales were mentioned itself, as the company is implementing a transformation strategy.
The CEO, Brian Nicole, said in a statement that the return of the company before the specified date, based on his previous experience, which includes the rotation Mexican Chipotle grill After a series of food safety scandals.
“Although our financial results do not reflect after all the progress that we made, the signs are clear-we gain momentum,” Nicole said in a previously recorded video.
The shares of the company increased by 4 % in extended trading.
Here is what the company informed the quarter that ended on June 29 compared to what Wall Street expected, based on a survey of analysts by LSEG:
- Persons per share: 50 cents are modified
- Revenue: 9.5 billion dollars for $ 9.31 billion expected
Starbucks reported the net income in the third financial quarter, which is attributed to the company of $ 558.3 million, or 49 cents per share, a decrease of $ 1.05 billion, or 93 cents per share, a year ago.
With the exception of restructuring and other elements, the company got 50 cents per share. A separate tax component and one -time investment hosts the three -day event for the company for American store managers on the company’s profits per share by 11 cents.
Net sales 4 % rose to 9.5 billion dollars.
However, the store’s global sales decreased by 2 %, which is more severe than 1.3 % decrease, according to street account estimates.
However, the performance of the Northern Starbucks cafes was better than expected. The store’s sales in North America in the series decreased by 2 %, which is a smaller decrease than the expected Wall Street by 2.5 %, according to Streetaccount. The transactions decreased by 3 %, but the average tickets increased by 1 % in the quarter.
“In the United States, partners are increasing, customer communication levels increased, a high transformation is completed, and a bonus of customer transactions that have been returned to growth, and more cafes provide positive transactions companies,” Nicole said in the video.
In the company’s collective call, analysts told that the company’s licensed stores on the campus witnessed an increase in the sales of the stores themselves, indicating that younger consumers are re -calling the brand.
To return customers, Starbucks doubled in hospitality. The series puts it “Green apron service” programWhich confirms customer reactions. Executive officials said the program was successfully tested, which prompted the company to accelerate its offering.
The series also builds fewer new American websites, and instead focuses on improving its current cafes. In recent years, Starbucks has removed the seats from many of its cafes, noting the shift to the arrangement of the mobile phone and driving transactions. But Nicole wants to replace thousands of seats that have been removed as part of a wider effort to make her cafes comfortable again.
In China, the second largest market market, Starbucks reported the growth of the sales of the same store by 2 % for a quarter. The transactions increased by 6 %, but the average ticket decreased. Starbucks reduced the prices for its drinks in China to compete better with its low -prices competitors, such as Luckin coffee.
This quarter is the first time in a year and a half, the company’s business in China has seen an increase in store sales. Under pressure from the increasing competition, the weakest economy and the distraction I mentioned earlier.
“We have received great attention from more than 20 interested parties, and we evaluate the options,” Nicole told analysts. “We are still committed to our business in China and we want to keep a significant share.”
With the last quarter of the company’s fiscal year approaching, financial director Cathy Smith said that the company is “conservative” on how Starbucks results appear in the fourth financial quarter compared to the past period. She cited an unconfirmed consumer environment, although she also noticed the company’s excitement about its next innovation and the return of Latte spices.
Over the next year, Starbucks plans to invest $ 500 million in employment, including “Green Vegetable Service”, according to Samith.
Starbucks extracted her expectations for the whole year in October, shortly after Nicole presented the company’s reins and after months of joining Smith.
We look forward to the 2026 fiscal year, with Starbucks major plans. Nicole said the series will launch a cold protein protein, improve craft food options, coconut -based drinks, a new application in Starbucks and “Recovery” rewards program.
The company plans to host an investor day in the second quarter of 2026.
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