Starbucks (SBUX): FY26 Q2 earnings call, Apr 28, 2026
On its Apr 28, 2026 earnings call (FY26 Q2), Starbucks said 7 of the 16 words Kalshi listed; Parrot’s count agreed with all 16 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
16 words · 7 settled yes · our count agreed on 16 of 16- 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 |
|---|---|---|---|---|---|---|
| China | Yes | 18 | 18 | ✓ | 93%transcripts from the transcript model | – |
| Tariff | Yes | 5 | 5 | ✓ | 79%n=1+tx from settlement history blended with transcripts | – |
| Protein | Yes | 3 | 3 | ✓ | 89%n=2+tx from settlement history blended with transcripts | – |
| Boyu | Yes | 3 | 3 | ✓ | 37%transcripts from the transcript model | – |
| Smart Queue / SmartQ | Yes | 2 | 2 | ✓ | 70%n=2+tx from settlement history blended with transcripts | – |
| Loyalty | Yes | 2 | 2 | ✓ | 40%n=2+tx from settlement history blended with transcripts | – |
| Comparable Sales | Yes | 1 | 1 | ✓ | 36%n=2+tx from settlement history blended with transcripts | – |
| Holiday | No | 0 | 0 | ✓ | 86%n=2+tx from settlement history blended with transcripts | – |
| Canada | No | 0 | 0 | ✓ | 51%n=2+tx from settlement history blended with transcripts | – |
| Promotion | No | 0 | 0 | ✓ | 48%n=2+tx from settlement history blended with transcripts | – |
| Condiment Bar | No | 0 | 0 | ✓ | 41%n=2+tx from settlement history blended with transcripts | – |
| Non Dairy | No | 0 | 0 | ✓ | 37%n=2+tx from settlement history blended with transcripts | – |
| Peppermint | No | 0 | 0 | ✓ | 24%n=2+tx from settlement history blended with transcripts | – |
| Oatmilk / Oat Milk | No | 0 | 0 | ✓ | 18%n=2+tx from settlement history blended with transcripts | – |
| Recycle / Recyclable | No | 0 | 0 | ✓ | 15%transcripts from the transcript model | – |
| Union | No | 0 | 0 | ✓ | 11%n=2+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.
18 matches for “China”; 5 quoted, at least 25 words apart.
…the financial results discussed on today's call reflect the consolidation of Starbucks China as our transaction closed after the second quarter. This conference call is…
Comparable sales increased nearly 3%, our top 10 international markets, including China, all posted positive comps for the first time in 9 quarters. This combination…
…demand with more than 1 million cups sold in its first week. China delivered transaction-led comp growth for the fourth consecutive quarter as Starbucks remained…
…brand with Boyu's local market expertise to unlock attractive long-term opportunities in China. With a rebased portfolio, the Starbucks China team is eager to step…
…quarter. As Brian mentioned, all 10 of our largest international markets, including China, Japan, South Korea, and Mexico, delivered positive comps for the first time…
Where the listed words were said
…our international margin expansion was driven by held-for-sale accounting related to Starbucks China, which temporarily reduced store operating expenses and D&A by approximately $118 million…
…innovation-led product mix, and the remaining balance was inflation, largely related to tariffs and elevated coffee prices. While market dynamics can change, we expect these…
…our U.S. company-operated business. Innovation across new flavors and the introduction of protein have further strengthened the appeal of cold foam, especially among Gen Z.
…to spend a few moments on China. Our previously announced transaction with Boyu Capital closed shortly after quarter end. Beginning in Q3, the retail operations…
…you mentioned, we're kind of continuing to make what I would call Smart Queue, smarter queue going forward based on learning with higher transaction levels.…
…ways that feel authentic and distinctly Starbucks and is helping deepen brand loyalty and fuel fandom. U.S. 90-day active Starbucks Rewards membership reached a record…
Agents: this page as TSV at /api/v1/appearances/starbucks:2026-04-28:earnings_call · words: /api/v1/brief?appearance=starbucks:2026-04-28:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP