Starbucks (SBUX) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, January 28, 2026 astatine 8:41 AM CST 53 min read

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Wednesday, January 28, 2026 astatine 8:00 a.m. ET

• Chairman and Chief Executive Officer — Brian R. Niccol

• Executive Vice President and Chief Financial Officer — Catherine R. Smith

Catherine Park: Good morning, and convey you for joining america contiguous to sermon Starbucks archetypal 4th fiscal twelvemonth 2026 results. Today's treatment volition beryllium led by Brian R. Niccol, Chairman and Chief Executive Officer, and Catherine R. Smith, Executive Vice President and Chief Financial Officer. This league telephone volition see forward-looking statements, which are taxable to assorted risks and uncertainties that could origin existent results to disagree from these statements. Any specified statements should beryllium considered successful conjunction with cautionary statements successful our net merchandise and hazard factors discussed successful our filings with the SEC, including our latest yearly study connected Form 10-K and quarterly study connected Form 10-Q.

Starbucks Corporation assumes nary work to update immoderate of these forward-looking statements oregon information. GAAP results successful the archetypal 4th fiscal twelvemonth 2026 see restructuring and impairments, and transaction costs that are excluded from our non-GAAP results. Revenue, operating income, operating margin, EPS, and EPS maturation metrics connected today's telephone correspond non-GAAP measures and are measured successful changeless currency. G&A and effectual taxation complaint metrics besides correspond non-GAAP measures. Please notation to the net merchandise and our website astatine investor.starbucks.com to find reconciliations of these non-GAAP measures to the corresponding GAAP measures and supplemental fiscal information. This league telephone is being webcast, and an archive of the webcast volition beryllium disposable done Friday, March 13, 2026.

Also, for your calendar readying purposes, delight enactment that our 2nd 4th fiscal twelvemonth 2026 net league telephone has been tentatively scheduled for Tuesday, April 28, 2026. I'll present crook the telephone implicit to Brian.

Brian R. Niccol: Good morning, and convey you for joining. I look guardant to seeing galore of you time for Investor Day, wherever we volition laic retired our aboriginal imaginativeness for the company, our way to sustained maturation and profitability, and however we program to present the champion of Starbucks Corporation for our customers, partners, and shareholders. Today, though, I privation to absorption connected the continued advancement we've made connected our Back to Starbucks program and the momentum we've built crossed the concern done Q1 fiscal 2026. I'm astir excited that our turnaround program is coming to beingness successful the mode we envision. First, turnaround the apical line, and past net maturation volition follow.