{"id":45928,"date":"2026-04-30T03:18:03","date_gmt":"2026-04-30T03:18:03","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e6%98%9f%e5%b7%b4%e5%85%8b%e6%89%ad%e8%bd%ac%e5%b1%80%e5%8a%bf%e9%9d%a2%e4%b8%b4%e5%88%a9%e6%b6%a6%e7%8e%87%e8%80%83%e9%aa%8c\/"},"modified":"2026-04-30T03:18:03","modified_gmt":"2026-04-30T03:18:03","slug":"%e6%98%9f%e5%b7%b4%e5%85%8b%e6%89%ad%e8%bd%ac%e5%b1%80%e5%8a%bf%e9%9d%a2%e4%b8%b4%e5%88%a9%e6%b6%a6%e7%8e%87%e8%80%83%e9%aa%8c","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/opinion\/%e6%98%9f%e5%b7%b4%e5%85%8b%e6%89%ad%e8%bd%ac%e5%b1%80%e5%8a%bf%e9%9d%a2%e4%b8%b4%e5%88%a9%e6%b6%a6%e7%8e%87%e8%80%83%e9%aa%8c\/","title":{"rendered":"\u661f\u5df4\u514b\u626d\u8f6c\u5c40\u52bf\u9762\u4e34\u5229\u6da6\u7387\u8003\u9a8c"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarketsmy.com\/cn\/wp-content\/uploads\/sites\/4\/2026\/04\/1_image-2-1024x573.webp\" alt=\"\" class=\"wp-image-49078\"\/><\/figure>\n\n\n\n<p><strong>\u91cd\u70b9<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SBUX\uff08\u661f\u5df4\u514b\uff09\u80a1\u4ef7\u56e0\u661f\u5df4\u514b\u57282026\u8d22\u5e74\u7b2c\u4e8c\u5b63\uff08Q2 FY26\uff09\u4e1a\u7ee9\u80dc\u9884\u671f\uff0c\u5e76\u4e0a\u8c03\u5168\u5e74\u6307\u5f15\uff08\u516c\u53f8\u5bf9\u672a\u6765\u4e1a\u7ee9\u7684\u9884\u6d4b\uff09\u800c\u518d\u5ea6\u53d7\u5173\u6ce8\u3002<\/li>\n\n\n\n<li>\u201cBack to Starbucks\u201d\uff08\u56de\u5f52\u661f\u5df4\u514b\uff09\u8f6c\u578b\u8ba1\u5212\u5e26\u52a8\u5ba2\u6d41\u3001\u9500\u552e\u4e0e\u987e\u5ba2\u4e92\u52a8\uff08\u987e\u5ba2\u53c2\u4e0e\u5ea6\uff09\uff0c\u7f8e\u56fd\u5e02\u573a\u6700\u660e\u663e\u3002<\/li>\n\n\n\n<li>\u6700\u5927\u98ce\u9669\u4ecd\u662f\u5229\u6da6\u7387\uff1a\u52a0\u7801\u4eba\u529b\u6210\u672c\u3001\u5496\u5561\u8c46\u4ef7\u683c\u4e0a\u5347\u3001\u5173\u7a0e\uff0c\u4ee5\u53ca\u4ea7\u54c1\u7ec4\u5408\u53d8\u5316\uff08\u5356\u5f97\u66f4\u591a\u4f4e\u6bdb\u5229\u4ea7\u54c1\uff09\u90fd\u4f1a\u538b\u7f29\u76c8\u5229\u3002<\/li>\n\n\n\n<li>SBUX\u4e0b\u4e00\u9636\u6bb5\u5173\u952e\u5728\u4e8e\uff1a\u80fd\u5426\u628a\u66f4\u5f3a\u7684\u9500\u552e\u8f6c\u5316\u4e3a\u66f4\u624e\u5b9e\u7684\u76c8\u5229\u589e\u957f\uff08\u5229\u6da6\u771f\u6b63\u589e\u52a0\uff09\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">SBUX\u80a1\u4ef7\u53cd\u5f39\uff0c\u8f6c\u578b\u5f00\u59cb\u201c\u89c1\u771f\u7ae0\u201d<\/h2>\n\n\n\n<p>SBUX\u80a1\u4ef7\u91cd\u65b0\u56de\u5230\u6295\u8d44\u8005\u89c6\u7ebf\uff0c\u56e0\u4e3a\u661f\u5df4\u514b\u4ea4\u51fa\u8f6c\u578b\u6545\u4e8b\u6700\u9700\u8981\u7684\u6210\u7ee9\uff1a\u9500\u552e\u66f4\u5f3a\u3001\u5ba2\u6d41\u66f4\u597d\u3001\u4e0a\u8c03\u6307\u5f15\uff0c\u4e5f\u66f4\u6e05\u695a\u770b\u5230\u987e\u5ba2\u56de\u6d41\u3002<\/p>\n\n\n\n<p>\u8fc7\u53bb\u51e0\u4e2a\u6708\uff0c\u5e02\u573a\u5173\u6ce8\u70b9\u5f88\u76f4\u63a5\uff1aBrian Niccol\u7684\u8f6c\u578b\u8ba1\u5212\u80fd\u5426\u4ece\u201c\u8ba1\u5212\u4e66\u201d\u53d8\u6210\u201c\u6570\u636e\u201d\uff1f\u6700\u65b0\u5b63\u5ea6\u663e\u793a\uff0c\u81f3\u5c11\u76ee\u524d\u53ef\u4ee5\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Starbucks earnings miss forecasts, US sales flat as turnaround efforts continue <a href=\"https:\/\/t.co\/OfGtZj2hrY\">https:\/\/t.co\/OfGtZj2hrY<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1983633979266781453?ref_src=twsrc%5Etfw\">October 29, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u661f\u5df4\u514b\u5728Q2 FY26\u5f55\u5f97<strong>\u5168\u7403\u540c\u5e97\u9500\u552e\uff08Comparable Store Sales\uff0c\u540c\u4e00\u5bb6\u95e8\u5e97\u5728\u53ef\u6bd4\u671f\u95f4\u7684\u9500\u552e\u53d8\u5316\uff09\u589e\u957f6.2%<\/strong>\uff0c\u9ad8\u4e8e\u5e02\u573a\u7ea6<strong>3.7%<\/strong>\u7684\u9884\u671f\u3002\u8425\u6536\u589e\u957f<strong>9%\u81f395\u4ebf\u7f8e\u5143<\/strong>\uff1b\u8c03\u6574\u540e\u6bcf\u80a1\u76c8\u5229\uff08Adjusted EPS\uff0c\u628a\u4e00\u6b21\u6027\u9879\u76ee\u5254\u9664\u540e\u7684\u6bcf\u80a1\u5229\u6da6\uff09\u4e3a<strong>0.50\u7f8e\u5143<\/strong>\uff0c\u9ad8\u4e8e\u5e02\u573a\u7ea6<strong>0.43\u7f8e\u5143<\/strong>\u7684\u9884\u671f\u3002\u516c\u53f8\u4e5f\u4e0a\u8c03FY26\u5c55\u671b\uff0c\u9884\u8ba1<strong>\u5168\u7403\u53ca\u7f8e\u56fd\u540c\u5e97\u9500\u552e\u589e\u957f\u81f3\u5c115%<\/strong>\uff0c\u8c03\u6574\u540eEPS\u9884\u8ba1\u4ecb\u4e8e<strong>2.25\u81f32.45\u7f8e\u5143<\/strong>\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarketsmy.com\/cn\/wp-content\/uploads\/sites\/4\/2026\/04\/image-35-1024x598.jpg\" alt=\"\" class=\"wp-image-49077\"\/><\/figure>\n\n\n\n<p><em>\u6765\u6e90\uff1a<a href=\"https:\/\/about.starbucks.com\/press\/2025\/starbucks-reports-q4-full-fiscal-year-2025-results\/\">Starbucks<\/a><\/em><\/p>\n\n\n\n<p>\u8fd9\u8ba9\u6295\u8d44\u8005\u5728\u8d22\u62a5\u524d\u540e\u770b\u5230\u66f4\u660e\u786e\u7684\u6539\u5584\u3002\u8fc7\u53bb\u4e24\u5e74\uff0c\u661f\u5df4\u514b\u53d7\u56f0\u4e8e\u5ba2\u6d41\u8d70\u5f31\u3001\u6267\u884c\u95ee\u9898\u3001\u4e2d\u56fd\u5e02\u573a\u4e0d\u786e\u5b9a\uff0c\u4ee5\u53ca\u54c1\u724c\u5438\u5f15\u529b\u662f\u5426\u4e0b\u964d\u3002\u6700\u65b0\u4e1a\u7ee9\u672a\u5b8c\u5168\u6d88\u9664\u8fd9\u4e9b\u95ee\u9898\uff0c\u4f46\u81f3\u5c11\u8ba9\u5e02\u573a\u6709\u66f4\u5177\u4f53\u7684\u4f9d\u636e\u6765\u8bc4\u4f30\u3002<\/p>\n\n\n\n<!-- TradingView Widget BEGIN -->\n<div class=\"tradingview-widget-container\" style=\"height:100%;width:100%\">\n  <div class=\"tradingview-widget-container__widget\" style=\"height:calc(100% - 32px);width:100%\"><\/div>\n  <div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/symbols\/NASDAQ-SBUX\/\" rel=\"noopener nofollow\" target=\"_blank\"><span class=\"blue-text\">SBUX stock chart<\/span><\/a><span class=\"trademark\">on VT, by TradingView<\/span><\/div>\n  <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-advanced-chart.js\" async>\n  {\n  \"allow_symbol_change\": true,\n  \"calendar\": false,\n  \"details\": false,\n  \"hide_side_toolbar\": true,\n  \"hide_top_toolbar\": false,\n  \"hide_legend\": false,\n  \"hide_volume\": false,\n  \"hotlist\": false,\n  \"interval\": \"D\",\n  \"locale\": \"en\",\n  \"save_image\": true,\n  \"style\": \"1\",\n  \"symbol\": \"NASDAQ:SBUX\",\n  \"theme\": \"dark\",\n  \"timezone\": \"Etc\/UTC\",\n  \"backgroundColor\": \"#0F0F0F\",\n  \"gridColor\": \"rgba(242, 242, 242, 0.06)\",\n  \"watchlist\": [],\n  \"withdateranges\": false,\n  \"compareSymbols\": [],\n  \"studies\": [],\n  \"autosize\": true\n}\n  <\/script>\n<\/div>\n<!-- TradingView Widget END -->\n\n\n\n<p>\u5bf9\u5173\u6ce8<strong>SBUX\u80a1\u4ef7<\/strong>\u7684\u4ea4\u6613\u8005\u6765\u8bf4\uff0c\u95ee\u9898\u4e0d\u518d\u662f\u201c\u6709\u6ca1\u6709\u8f6c\u578b\u6545\u4e8b\u201d\uff0c\u800c\u662f\uff1a\u80a1\u4ef7\u662f\u5426\u5df2\u63d0\u524d\u53cd\u6620\u592a\u591a\u590d\u82cf\u9884\u671f\uff0c\u800c\u5229\u6da6\u7387\u5c1a\u672a\u8ddf\u4e0a\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u7f8e\u56fd\u5ba2\u6d41\u662f\u6700\u6e05\u6670\u7684\u4fe1\u53f7<\/h2>\n\n\n\n<p>\u6700\u4eae\u773c\u7684\u662f\u7f8e\u56fd\u4e1a\u52a1\u3002\u5317\u7f8e\u540c\u5e97\u9500\u552e\u589e\u957f<strong>7.1%<\/strong>\uff0c\u4e3b\u8981\u6765\u81ea\u4ea4\u6613\u91cf\uff08transaction volumes\uff0c\u6307\u6210\u4ea4\u7b14\u6570\/\u8ba2\u5355\u6570\uff09\u4e0a\u5347\u4e0e\u987e\u5ba2\u4e92\u52a8\u589e\u5f3a\u3002\u8fd9\u5f88\u5173\u952e\uff0c\u56e0\u4e3a\u53ea\u9760\u6da8\u4ef7\u7684\u590d\u82cf\u4e0d\u7a33\uff1b\u987e\u5ba2\u613f\u610f\u56de\u5230\u95e8\u5e97\uff0c\u4fe1\u53f7\u66f4\u624e\u5b9e\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Starbucks&#39; loyalty program changes are drawing value-conscious customers <a href=\"https:\/\/t.co\/C78dKR5eK7\">https:\/\/t.co\/C78dKR5eK7<\/a><\/p>&mdash; CNBC (@CNBC) <a href=\"https:\/\/twitter.com\/CNBC\/status\/2047334206498328898?ref_src=twsrc%5Etfw\">April 23, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u5728\u201cBack to Starbucks\u201d\u8ba1\u5212\u4e0b\uff0c\u661f\u5df4\u514b\u805a\u7126\u51fa\u676f\u901f\u5ea6\u3001\u5e97\u5458\u914d\u7f6e\uff08\u4eba\u624b\uff09\u3001\u670d\u52a1\u4e00\u81f4\u6027\u4e0e\u95e8\u5e97\u4f53\u9a8c\u3002\u8def\u900f\u79f0\uff0c<a href=\"https:\/\/www.reuters.com\/world\/china\/starbucks-closes-china-deal-with-boyu-plans-expand-stores-2026-04-02\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u6d88\u8d39\u8005\u5230\u5e97\u6b21\u6570<\/a>\u4e0a\u5347<strong>5.9%<\/strong>\uff0c\u7ea6<strong>80%\u95e8\u5e97<\/strong>\u8fbe\u5230\u670d\u52a1\u57fa\u51c6\uff08service benchmarks\uff0c\u53ef\u91cf\u5316\u7684\u670d\u52a1\u6807\u51c6\uff0c\u5982\u7b49\u5f85\u65f6\u95f4\u3001\u51fa\u676f\u51c6\u786e\u7387\uff09\u3002\u8fd9\u4ee3\u8868\u516c\u53f8\u4e0d\u53ea\u662f\u5356\u5f97\u66f4\u591a\uff0c\u4e5f\u5728\u51cf\u5c11\u8fc7\u53bb\u5f71\u54cd\u4f53\u9a8c\u7684\u95ee\u9898\u3002<\/p>\n\n\n\n<p>\u5bf9SBUX\u800c\u8a00\uff0c\u5ba2\u6d41\uff08footfall\uff0c\u5230\u5e97\u4eba\u6d41\uff09\u662f\u5173\u952e\u6307\u6807\u3002\u5ba2\u6d41\u4e0a\u5347\u53ef\u63a8\u9ad8\u8425\u6536\u3001\u6062\u590d\u54c1\u724c\u4fe1\u5fc3\uff0c\u4e5f\u8ba9\u516c\u53f8\u672a\u6765\u66f4\u6709\u7a7a\u95f4\u9010\u6b65\u4fee\u590d\u5229\u6da6\u7387\u3002\u82e5\u4ea4\u6613\u91cf\u6301\u7eed\u6539\u5584\uff0c\u6295\u8d44\u8005\u53ef\u80fd\u613f\u610f\u5728\u516c\u53f8\u589e\u52a0\u4eba\u529b\u4e0e\u8425\u8fd0\u6295\u5165\u65f6\u591a\u7ed9\u4e00\u70b9\u65f6\u95f4\u3002<\/p>\n\n\n\n<p>\u4f46\u98ce\u9669\u662f\u5e02\u573a\u671f\u671b\u6b63\u5728\u5feb\u901f\u4e0a\u5347\u3002\u5f53\u80a1\u4ef7\u4ece\u201c\u6000\u7591\u590d\u82cf\u201d\u8f6c\u5411\u201c\u76f8\u4fe1\u590d\u82cf\u201d\uff0c\u6bcf\u4e00\u5b63\u90fd\u4f1a\u88ab\u5f53\u4f5c\u8fdb\u5ea6\u8868\u3002\u661f\u5df4\u514b\u5df2\u8bc1\u660e\u987e\u5ba2\u80fd\u56de\u6765\uff0c\u63a5\u4e0b\u6765\u8981\u8bc1\u660e\u8fd9\u80a1\u52a8\u80fd\u80fd\u6301\u7eed\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5229\u6da6\u7387\u8003\u9a8c\u4ecd\u5728<\/h2>\n\n\n\n<p>SBUX\u7684\u5229\u591a\u66f4\u660e\u786e\uff0c\u4f46\u5229\u6da6\u7387\u4ecd\u662f\u96be\u9898\u3002<\/p>\n\n\n\n<p>\u661f\u5df4\u514b\u5317\u7f8e<a href=\"https:\/\/www.reuters.com\/business\/retail-consumer\/starbucks-tops-quarterly-sales-estimates-ceos-turnaround-gains-momentum-2026-04-28\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u8425\u4e1a\u5229\u6da6\u7387\uff08operating margin\uff0c\u8425\u4e1a\u5229\u6da6\/\u8425\u6536\uff09\u964d\u81f39.9%\uff0c\u4f4e\u4e8e\u4e00\u5e74\u524d\u768411.6%<\/a>\u3002\u516c\u53f8\u6307\u51fa\u539f\u56e0\u5305\u62ec\uff1a\u8f6c\u578b\u8ba1\u5212\u76f8\u5173\u7684\u4eba\u529b\u6295\u5165\u3001\u4ea7\u54c1\u7ec4\u5408\u53d8\u5316\u3001\u5173\u7a0e\uff0c\u4ee5\u53ca\u5496\u5561\u6210\u672c\u7ef4\u6301\u9ad8\u4f4d\u3002\u9500\u552e\u5e26\u6765\u7684\u89c4\u6a21\u6548\u5e94\uff08sales leverage\uff0c\u9500\u91cf\u589e\u4f7f\u56fa\u5b9a\u6210\u672c\u644a\u8584\uff09\u6709\u5e2e\u52a9\uff0c\u4f46\u4e0d\u8db3\u4ee5\u5b8c\u5168\u62b5\u6d88\u6210\u672c\u538b\u529b\u3002<\/p>\n\n\n\n<p>\u6295\u8d44\u8005\u9762\u5bf9\u7684\u662f\u719f\u6089\u7684\u53d6\u820d\uff1a\u516c\u53f8\u4e3a\u4fee\u590d\u4e1a\u52a1\u800c\u52a0\u5927\u6295\u5165\uff0c\u8fd9\u4e9b\u652f\u51fa\u53ef\u80fd\u5fc5\u8981\u3002\u66f4\u597d\u7684\u4eba\u624b\u914d\u7f6e\u53ef\u7f29\u77ed\u7b49\u5f85\u3001\u51cf\u5c11\u987e\u5ba2\u4e0d\u6ee1\u3001\u5e26\u52a8\u66f4\u591a\u4ea4\u6613\u91cf\u3002\u4f46\u80a1\u5e02\u6700\u7ec8\u8981\u770b\u5230\u8fd9\u4e9b\u6295\u5165\u80fd\u8f6c\u5316\u6210\u5229\u6da6\u4e0e\u6bcf\u80a1\u76c8\u5229\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64SBUX\u80a1\u4ef7\u53ef\u80fd\u66f4\u6ce2\u52a8\u3002\u82e5\u9500\u552e\u6301\u7eed\u8d85\u9884\u671f\u4f46\u5229\u6da6\u7387\u4ecd\u627f\u538b\uff0c\u5e02\u573a\u4ecd\u53ef\u80fd\u8ba4\u53ef\u8f6c\u578b\uff0c\u4f46\u70ed\u60c5\u4f1a\u964d\u6e29\u3002\u82e5\u9500\u552e\u589e\u957f\u4e0e\u5229\u6da6\u7387\u4fee\u590d\u540c\u65f6\u51fa\u73b0\uff0c\u4f30\u503c\uff08valuation\uff0c\u5e02\u573a\u613f\u610f\u7ed9\u7684\u5e02\u76c8\u7387\u7b49\uff09\u5c31\u66f4\u5bb9\u6613\u7ad9\u5f97\u4f4f\u811a\u3002<\/p>\n\n\n\n<p>\u672a\u6765\u51e0\u4e2a\u5b63\u5ea6\u5c06\u68c0\u9a8c\uff1a\u661f\u5df4\u514b\u662f\u5728\u201c\u7528\u5229\u6da6\u6362\u589e\u957f\u201d\uff0c\u8fd8\u662f\u5728\u4e3a\u66f4\u6301\u4e45\u7684\u76c8\u5229\u5468\u671f\u6253\u57fa\u7840\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e2d\u56fd\u5e02\u573a\u4ecd\u9700\u66f4\u660e\u786e\u7684\u91cd\u6574<\/h2>\n\n\n\n<p>\u4e2d\u56fd\u5496\u5561\u54c1\u724c\u4e5f\u6539\u53d8\u4e86\u7ade\u4e89\u65b9\u5f0f\u3002\u745e\u5e78\u3001\u5e93\u8fea\u3001\u5e78\u8fd0\u676f\u7b49\u672c\u5730\u54c1\u724c\u4e3b\u6253\u66f4\u4f4e\u4ef7\u683c\u3001\u5c0f\u5e97\u578b\u3001App\u4e0b\u5355\u4e0e\u5feb\u901f\u6269\u5f20\uff0c\u4f7f\u5496\u5561\u66f4\u50cf\u65e5\u5e38\u201c\u6027\u4ef7\u6bd4\u201d\u6d88\u8d39\uff0c\u800c\u975e\u9ad8\u7aef\u751f\u6d3b\u65b9\u5f0f\u652f\u51fa\u3002<\/p>\n\n\n\n<p>\u5206\u6790\u4e5f\u63d0\u9192\uff0c\u4e2d\u56fd\u5496\u5561\u54c1\u724c\u51fa\u6d77\u4e0d\u80fd\u53ea\u9760\u4f4e\u4ef7\uff0c\u54c1\u8d28\u3001\u672c\u5730\u5316\u4e0e\u6d88\u8d39\u4f53\u9a8c\u4f1a\u66f4\u91cd\u8981\u3002\u5bf9\u661f\u5df4\u514b\u6765\u8bf4\u5f62\u6210\u53cc\u91cd\u6311\u6218\uff1a\u65e2\u8981\u5b88\u4f4f\u5728\u4e2d\u56fd\u7684\u9ad8\u7aef\u5b9a\u4f4d\uff0c\u4e5f\u8981\u5728\u201c\u66f4\u770b\u91cd\u901f\u5ea6\u4e0e\u4ef7\u683c\u201d\u7684\u5e02\u573a\u91cc\u6709\u7ade\u4e89\u529b\u3002<\/p>\n\n\n\n<p>\u6700\u65b0\u5b63\u5ea6\u6709\u6539\u5584\uff0c\u4f46\u8fd8\u8c08\u4e0d\u4e0a\u5168\u9762\u590d\u82cf\u3002\u56fd\u9645\u4e1a\u52a1\u53d7\u76ca\u4e8e\u9500\u91cf\u5e26\u6765\u7684\u89c4\u6a21\u6548\u5e94\uff0c\u4ee5\u53ca\u4e2d\u56fd\u8d44\u4ea7\u88ab\u5217\u4e3a\u201c\u5f85\u552e\u201d\uff08held for sale\uff0c\u4f1a\u8ba1\u4e0a\u8868\u793a\u51c6\u5907\u51fa\u552e\u76f8\u5173\u8d44\u4ea7\uff09\u5e26\u6765\u7684\u4f1a\u8ba1\u5f71\u54cd\uff1b\u4f46\u4e2d\u56fd\u9700\u6c42\u662f\u5426\u771f\u6b63\u8f6c\u5f3a\uff0c\u4ecd\u9700\u89c2\u5bdf\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Starbucks&#39; China business is reportedly attracting bids valued up to $10,000,000,000. <a href=\"https:\/\/twitter.com\/BrookeDiPalma?ref_src=twsrc%5Etfw\">@BrookeDiPalma<\/a> breaks down the details. \u2615 <a href=\"https:\/\/t.co\/jwZpC7L7is\">pic.twitter.com\/jwZpC7L7is<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1943073177325769185?ref_src=twsrc%5Etfw\">July 9, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u5bf9SBUX\u800c\u8a00\uff0c\u4e2d\u56fd\u4f1a\u5f71\u54cd\u957f\u671f\u589e\u957f\u4f30\u503c\u500d\u6570\uff08growth multiple\uff0c\u5e02\u573a\u613f\u610f\u4e3a\u589e\u957f\u4ed8\u51fa\u7684\u66f4\u9ad8\u4f30\u503c\uff09\u3002\u7f8e\u56fd\u590d\u82cf\u53ef\u652f\u6491\u77ed\u671f\u60c5\u7eea\uff0c\u4f46\u4e2d\u56fd\u82e5\u66f4\u7a33\u5b9a\uff0c\u5168\u7403\u6269\u5f20\u6545\u4e8b\u4f1a\u66f4\u6709\u8bf4\u670d\u529b\u3002\u82e5\u4e2d\u56fd\u6301\u7eed\u75b2\u5f31\uff0c\u6295\u8d44\u8005\u53ef\u80fd\u66f4\u628a\u661f\u5df4\u514b\u5f53\u4f5c\u6210\u719f\u7684\u7f8e\u56fd\u6d88\u8d39\u80a1\uff0c\u800c\u4e0d\u662f\u5168\u7403\u589e\u957f\u578b\u516c\u53f8\u3002<\/p>\n\n\n\n<p>\u8fd9\u4e0d\u4f1a\u63a8\u7ffb\u8f6c\u578b\u903b\u8f91\uff0c\u4f46\u5e02\u573a\u53ef\u80fd\u9700\u8981\u66f4\u591a\u8bc1\u636e\u624d\u613f\u610f\u7ed9\u66f4\u9ad8\u4f30\u503c\u500d\u6570\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e3a\u4ec0\u4e48SBUX\u80a1\u4ef7\u53ef\u80fd\u4ecd\u6709\u4ea4\u6613\u673a\u4f1a<\/h2>\n\n\n\n<p>\u8fd9\u6b21\u8d22\u62a5\u540c\u65f6\u7ed9\u591a\u5934\u4e0e\u8c28\u614e\u6d3e\u5404\u81ea\u7684\u8bba\u636e\uff0c\u56e0\u6b64SBUX\u80a1\u4ef7\u53ef\u80fd\u7ee7\u7eed\u6d3b\u8dc3\u3002<\/p>\n\n\n\n<p>\u591a\u5934\u89c2\u70b9\u5f88\u76f4\u63a5\uff1a\u589e\u957f\u56de\u6765\u4e86\u3001\u5ba2\u6d41\u6539\u5584\u3001\u6307\u5f15\u4e0a\u8c03\uff0c\u8425\u8fd0\u91cd\u6574\u770b\u8d77\u6765\u8fdb\u5ea6\u9886\u5148\u3002Barron\u2019s\u6307\u51fa\uff0c\u8fd9\u662f\u81ea2023\u8d22\u5e74\u7b2c\u56db\u5b63\u4ee5\u6765\uff0c\u661f\u5df4\u514b\u9996\u6b21\u5b9e\u73b0\u540c\u6bd4\u76c8\u5229\u589e\u957f\uff0c\u4e3a\u590d\u82cf\u53d9\u4e8b\u63d0\u4f9b\u6e05\u695a\u91cc\u7a0b\u7891\u3002<\/p>\n\n\n\n<p>\u8c28\u614e\u89c2\u70b9\u4e5f\u540c\u6837\u6e05\u695a\uff1a\u80a1\u4ef7\u5df2\u5bf9\u597d\u6d88\u606f\u53cd\u5e94\uff0c\u4f30\u503c\u4e0d\u518d\u4fbf\u5b9c\uff0c\u5229\u6da6\u7387\u538b\u529b\u4ecd\u906e\u853d\u76c8\u5229\u8def\u5f84\u3002\u5355\u5b63\u9500\u552e\u5f3a\u52b2\u56fa\u7136\u91cd\u8981\uff0c\u4f46\u4ecd\u672a\u5b8c\u5168\u56de\u7b54\uff1a\u5728\u652f\u4ed8\u66f4\u9ad8\u4eba\u529b\u6210\u672c\u3001\u5438\u6536\u539f\u6750\u6599\uff08inputs\uff0c\u5982\u5496\u5561\u8c46\u3001\u5305\u88c5\uff09\u6da8\u4ef7\u538b\u529b\u3001\u5e76\u66f4\u6fc0\u70c8\u4e89\u593a\u65e5\u5e38\u6d88\u8d39\u652f\u51fa\u7684\u60c5\u51b5\u4e0b\uff0c\u661f\u5df4\u514b\u80fd\u5426\u5b88\u4f4f\u76c8\u5229\u80fd\u529b\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\uff0cSBUX\u66f4\u50cf\u201c\u62e9\u673a\u7684\u590d\u82cf\u4ea4\u6613\u201d\uff0c\u800c\u4e0d\u662f\u7b80\u5355\u7684\u4ef7\u503c\u80a1\uff08value play\uff0c\u6307\u4f30\u503c\u4fbf\u5b9c\u3001\u504f\u5411\u9632\u5b88\u7684\u4e70\u5165\u903b\u8f91\uff09\u3002\u8f6c\u578b\u6539\u5584\u4e86\uff0c\u4f46\u5229\u6da6\u7387\u7684\u201c\u6865\u201d\u8fd8\u6ca1\u5b8c\u5168\u642d\u597d\u3002<\/p>\n\n\n\n<h2 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&#8211; \u70b9\u51fb<a href=\"https:\/\/www.vtmarketsmy.com\/cn\/trade-now\/\">\u8fd9\u91cc<\/a>\u521b\u5efa\u60a8\u7684 VT Markets \u771f\u5b9e\u8d26\u6237 <\/strong> <\/p>\r\n<!-- \/wp:post-content 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