丨2025年10月31日 星期五丨 点评：2025年是彪马的"战略调整年"。目前，公司正面临多项挑战，包括品牌势头疲软、全渠道库存高 企以及分销质量偏低等。拥有77年历史的彪马仍具有巨大品牌潜力，如果改革得当，仍有机会跻身全球 体育品牌前三，并创造稳健利润。 曾凭借"万店模式"高歌猛进的卤味赛道，正迎来增速放缓与深度调整的阵痛期。随着ST绝味、煌上煌 三季报披露，两家巨头均出现收入下滑。专家指出，在消费意愿变化的背景下，卤味行业偏高的价格与 性价比不足正面临巨大挑战。 点评：从品类竞争的角度，卤味整体的价格偏高，性价比不足。加上近年来整个行业的消费意愿、消费 能力、消费信心下探，对卤味行业的挑战非常大。 NO.4 星巴克2025财年业绩出炉 NO.1 彪马将再裁员900人 NO.2 抖音：持续打击利用未成年人形象不当牟利行为 抖音近日发布关于持续打击利用未成年人形象不当牟利行为的公告。公告称，近期，抖音平台发现仍有 少量用户利用未成年人形象宣扬幼态性感、发布"举牌""代跳"等违规内容，严重违反平台规则，侵害未 成年人合法权益。平台对此展开深入治理，一旦发现涉嫌违法犯罪的线索，将主动向公安机关报案。近 一个月， ...

丨2025年10月31日星期五丨 NO.1 彪马将再裁员900人 10月30日，德国运动服装制造商彪马（Puma）公布了2025年第三季度财报。财报显示，经汇率调整 后，公司销售额下降10.4%，至19.557亿欧元；最终净亏损6230万欧元，每股收益为-0.42欧元。彪马表 示，鉴于预期销售额将大幅下滑，将采取进一步措施应对高企的运营成本，计划到2026年底前在全球范 围内精简约900个白领岗位。 点评：2025年是彪马的"战略调整年"。目前，公司正面临多项挑战，包括品牌势头疲软、全渠道库存高 企以及分销质量偏低等。拥有77年历史的彪马仍具有巨大品牌潜力，如果改革得当，仍有机会跻身全球 体育品牌前三，并创造稳健利润。 NO.3 "绝味鸭脖们"越来越难卖了 曾凭借"万店模式"高歌猛进的卤味赛道，正迎来增速放缓与深度调整的阵痛期。随着ST绝味、煌上煌 三季报披露，两家巨头均出现收入下滑。专家指出，在消费意愿变化的背景下，卤味行业偏高的价格与 性价比不足正面临巨大挑战。 点评：从品类竞争的角度，卤味整体的价格偏高，性价比不足。加上近年来整个行业的消费意愿、消费 能力、消费信心下探，对卤味行业的挑战非常大。 NO. ...

Starbucks released its fourth-quarter earnings on Wednesday, October 30, finally providing an official figure for its recent wave of store closings. ...

星巴克中国首席执行官刘文娟表示，"2025财年第四季度，我们在重振增长的轨道上持续向好，关键业务数据稳健增 长，更在财年收官季创造了多项业绩指标的历史新高。这一出色表现得益于以茶拿铁系列为代表的持续性产品创新， 以及高速增长的专星送业务。为应对快速变化的市场，我们团队以敏捷的姿态持续优化产品与定价体系。更重要的 是，新开门店所展现出的强劲经济效益，成为我们持续开拓中国市场，把握广阔发展机遇的强劲动力。 " 产品结构层面，非咖系列中，茶拿铁系列进一步丰富了非咖产品组合，并大大提升了下午茶时段销售。包括爆汁脆肠 酥皮卷、早餐三明治系列、慢炖番茄牛肉芝士薄饼、香烤白汁大虾芝士薄饼等新品，带动早餐和午餐时段消费提升。 10月30日，星巴克发布2025财年第四季度及全财年报告。当中披露中国市场Q4收入8.316亿美元，同比增长6% ；中国 市场2025全财年收入31.05亿美元，同比增长5%。 同店销售额方面，星巴克连续第二个季度实现正增长，同比增长2%，同店交易量同比增长9%。持续的增长势头得益 于非咖饮品创新与价格调整带来的需求增长，以及快速增长的专星送业务需求。此外，门店经营利润率始终保持在两 位数水平，经营利润 ...

Starbucks says it's doing more business with loyal customers and newcomers. David Paul Morris / Bloomberg / Getty Images Close Key Takeaways Related Education Starbucks is back in consumers' daily grind. The company's year-long turnaround campaign is gaining ground, executives said on a conference call Wednesday. Same-store sales started to grow on a year-over-year basis in the fiscal fourth quarter after a year- and-a-half of declines. Business improved among Starbucks Rewards members and less-frequent vis ...

Among the many companies reporting quarterly earnings these days is also the third-biggest restaurant chain by market capitalization – Starbucks Corporation ( SBUX ). Aside from McDonald’s Corporation ( MCD ), DoorDash, Inc. ( DASH ) now has a market capitalizationMy analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without const ...

Welcome to Market Catalyst. I'm Julie Hyman. We are 30 minutes into the US trading day.Here's what we're watching this hour. First up, we'll bring you the details of the US China trade truce and what that means for the markets and the economy. Plus, we'll dig into big tech's massive AI spending and whether it's actually paying off.and we push ahead to Apple and Amazon results after the closing bell. Let's take a look at the major averages here today. Obviously, a lot to consider for the markets.We have that ...

Key Takeaways Starbucks' Q4 EPS of $0.52 missed estimates, while revenues grew 5.5% year over year to $9.57 billion.Global comparable store sales rose 1%, supported by higher transactions and ongoing turnaround efforts.Operating margin fell 500 bps to 9.4% due to restructuring costs, inflation and labor investments.Starbucks Corporation (SBUX) reported mixed fourth-quarter fiscal 2025 results, with earnings missing the Zacks Consensus Estimate and net revenues beating the same. The top line increased year o ...

You've put a lot of emphasis on service, obviously, with the Green Apron project. What does that look like in terms of staffing, though. I mean, you obviously have to hire more people, but more importantly, you have to retrain a lot of your existing staff as well.How, I guess, receptive have they been to that. And have you faced any challenges. You know, I got to give our partners a lot of credit.They really have embraced both the back to Starbucks strategy and the green Apron service standard. And when I'm ...

All right, Brian, congratulations on the recent quarter. Obviously, investors I had been looking for some sort of sense that there would be a return to growth under your leadership in the 13 months that you've been on the job, 1% on a same store sales basis. Do you have confidence that the performance that you saw in your fiscal fourth quarter is not only going to be repeatable, but more importantly, something that you can build on for the current quarter and beyond. Yeah, really great to be here. And absol ...