Starbucks (SBUX): FY26 Q1 earnings call, Jan 28, 2026
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.
UpdatedMarkets
14 words · 4 settled yes · our count agreed on 14 of 14- Kalshi: company speakers + operator
Kalshi
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.
| Word | Result | Our count | All speakers | Agrees | Probability | Market |
|---|---|---|---|---|---|---|
| Protein | Yes | 10 | 11 | ✓ | 84%n=1+tx from settlement history blended with transcripts | – |
| Holiday | Yes | 5 | 5 | ✓ | 82%n=1+tx from settlement history blended with transcripts | – |
| Tariff | Yes | 4 | 4 | ✓ | 68%transcripts from the transcript model | – |
| Smart Queue / SmartQ | Yes | 1 | 1 | ✓ | 64%n=1+tx from settlement history blended with transcripts | – |
| Non Dairy | No | 0 | 0 | ✓ | 73%n=1+tx from settlement history blended with transcripts | – |
| Promotion | No | 0 | 0 | ✓ | 71%n=1+tx from settlement history blended with transcripts | – |
| Condiment Bar | No | 0 | 0 | ✓ | 71%n=1+tx from settlement history blended with transcripts | – |
| Canada | No | 0 | 0 | ✓ | 69%n=1+tx from settlement history blended with transcripts | – |
| Loyalty | No | 0 | 0 | ✓ | 47%n=1+tx from settlement history blended with transcripts | – |
| Peppermint | No | 0 | 0 | ✓ | 44%n=1+tx from settlement history blended with transcripts | – |
| Comparable Sales | No | 0 | 0 | ✓ | 40%n=1+tx from settlement history blended with transcripts | – |
| Pumpkin Spice | No | 0 | 0 | ✓ | 35%n=1+tx from settlement history blended with transcripts | – |
| Oatmilk / Oat Milk | No | 0 | 0 | ✓ | 21%n=1+tx from settlement history blended with transcripts | – |
| Union | No | 0 | 0 | ✓ | 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 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
4 matches for “Tariff”; 4 quoted, at least 25 words apart.
…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…
…while market dynamics can change, we continue to expect coffee prices and tariff pressures to peak in Q2 and find some relief in the back…
…you heard Kathy say some of the inflation, specifically coffee, and the tariff headwinds start to peak here in Q2, and we start rolling off…
…to fruition toward the back half of the year. And then, the tariff in coffee, we do expect to abate in Q3 and Q4. And…
Where the listed words were said
…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…
…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…
…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