File photo/Kong Zesi (NBD)

On July 30, Starbucks Releases Q3 FY2025 Financial Results. In the third quarter of fiscal 2025, Starbucks China delivered year-over-year growth in both revenue and comparable-store sales, and profit margins continued to improve on a sequential basis.

During the earnings call, Starbucks chairman and CEO Brian Niccol said, "The recent adjustments we've made in China are clearly paying off. By the end of the third quarter, we have achieved three consecutive quarters of revenue growth and positive comparable-store sales."

Brian Niccol also addressed recent market speculation about the sale of a stake in Starbucks China: "As you can see, we are seeking strategic partners who share our vision and values to capture China's tremendous long-term potential. We are currently evaluating more than 20 parties that have expressed strong interest." He added, "We remain committed to our China business and want to retain a meaningful stake."

"The strong interest from potential partners is a testament to our exceptional team in China, the strength of the Starbucks brand, and the long-term opportunities ahead. Any transaction must be aligned with Starbucks' best interests," Brian Niccol concluded.