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Starbucks China revenue jumps 8% in Q3 on innovation

Starbucks China reported an 8% YoY revenue increase for Q3 FY2025, reaching $790 million, with operating margins remaining in double digits. Growth was driven by new product innovations — such as a “No Sugar” coffee lineup and expanded non-coffee offerings — and strategic store expansion. The company now operates 7,828 stores in China, with 70 new openings this quarter and entry into 17 new county-level markets. Same-store sales rose 2%, supported by higher transaction volumes and spending. High-profile brand collaborations with Mayday and Zootopia fueled consumer engagement, while digital orders and delivery also contributed to growth.

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