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.
2 matches for “Loyalty”; 2 quoted, at least 25 words apart.
…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…
…prior year seasonal sequential declines. Members are adapting quickly to our new loyalty program. While early, we're encouraged by the level of engagement we're driving…
Where the listed words were said
…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…
…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.
…away-from-home coffee choice for Chinese consumers. We also completed our transaction with Boyu after the close of our fiscal quarter, bringing together Starbucks' globally trusted…
…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.…
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…
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