Starbucks (SBUX): FY26 Q1 earnings call, Jan 28, 2026

Wed, Jan 28Earnings callSpeaker-labelled transcriptStarbucks

On its Jan 28, 2026 earnings call (FY26 Q1), Starbucks said 4 of the 14 words Kalshi listed; Parrot’s count agreed with all 14 settlements. Quotes below are at most 25 words each.

Updated

Markets

14 words · 4 settled yes · our count agreed on 14 of 14

backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.

Listed words: result, our count under the market rule, the count over every speaker, whether they agree, and the probability (a walk-forward backtest on settled rows)
WordResultOur countAll speakersAgreesProbabilityMarket
Protein Yes1011✓84%n=1+tx from settlement history blended with transcripts–
Holiday Yes55✓82%n=1+tx from settlement history blended with transcripts–
Tariff Yes44✓68%transcripts from the transcript model–
Smart Queue / SmartQ Yes11✓64%n=1+tx from settlement history blended with transcripts–
Non Dairy No00✓73%n=1+tx from settlement history blended with transcripts–
Promotion No00✓71%n=1+tx from settlement history blended with transcripts–
Condiment Bar No00✓71%n=1+tx from settlement history blended with transcripts–
Canada No00✓69%n=1+tx from settlement history blended with transcripts–
Loyalty No00✓47%n=1+tx from settlement history blended with transcripts–
Peppermint No00✓44%n=1+tx from settlement history blended with transcripts–
Comparable Sales No00✓40%n=1+tx from settlement history blended with transcripts–
Pumpkin Spice No00✓35%n=1+tx from settlement history blended with transcripts–
Oatmilk / Oat Milk No00✓21%n=1+tx from settlement history blended with transcripts–
Union No00✓16%n=1+tx from settlement history blended with transcripts–

Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 20, 2026 15:46 UTC.

Transcript

quotes of at most 25 words

Speaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.

11 matches for “Protein”; 5 quoted, at least 25 words apart.

Brian R. Niccolcompanyqa

…drink. You sometimes want a sparkling drink. Okay? And you sometimes want protein. And what you're gonna see us do, and this is why I'm…

Brian R. Niccolcompanyqa

…after are, like, a health and wellness platform, which we started with protein. You'll continue to see us push against the health and wellness platform…

Brian R. Niccolcompanyqa

…make sure we have food for how people want to eat. Snackable, protein, fiber. Right? These are the things for how people want to eat…

Danilo Gargiuloanalystqa

…comps going forward? Specifically, if you can comment on how much the protein beverages lineup is mixing today and what's your expectations as it grows…

Brian R. Niccolcompanyqa

…a matter of fact, I might've started my day with a vanilla protein latte. But, you know, look. The thing that is most exciting is…

Where the listed words were said

Brian R. Niccolcompany“Protein” · qa

…you don't wanna launch and leave things. You wanna launch and leverage things. And that's exactly what we saw with our protein platform in January.

Brian R. Niccolcompany“Holiday” · prepared

…conversation and back into a leadership position. Including our barista mug, our holiday offering featured an exciting menu and new merchandise, which created real energy…

Catherine R. Smithcompany“Tariff” · prepared

…was also driven by our product and distribution cost inflation, led by tariffs and elevated coffee pricing. As our fiscal year progresses, we are expecting…

Brian R. Niccolcompany“Smart Queue / SmartQ” · prepared

…rosters, new customer service standards, continued low hourly partner turnover, and our SmartQ algorithm to deliver more consistent, timely, and personal service. As a result,…

Agents: this page as TSV at /api/v1/appearances/starbucks:2026-01-28:earnings_call · words: /api/v1/brief?appearance=starbucks:2026-01-28:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP