Starbucks (SBUX): FY26 Q3 earnings call, Jul 29, 2026
On its Jul 29, 2026 earnings call (FY26 Q3), Starbucks said 8 of the 19 words Kalshi listed; Parrot’s count agreed with all 19 settlements. Quotes below are at most 25 words each, with timed clips.
UpdatedMarkets
19 words · 8 settled yes · our count agreed on 19 of 19- 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 | Clip | Market |
|---|---|---|---|---|---|---|---|
| Tariff | Yes | 6 | 7 | ✓ | 82%n=2+tx from settlement history blended with transcripts | Hear it 21:02, Tariff | – |
| Comparable Sales | Yes | 2 | 2 | ✓ | 60%n=3+tx from settlement history blended with transcripts | Hear it 4:08, Comparable Sales | – |
| S'more | Yes | 2 | 2 | ✓ | 15%transcripts from the transcript model | Hear it 9:59, S'more | – |
| Smart Queue / SmartQ | Yes | 1 | 1 | ✓ | 76%n=3+tx from settlement history blended with transcripts | Hear it 6:32, Smart Queue / SmartQ | – |
| Loyalty | Yes | 1 | 1 | ✓ | 62%n=3+tx from settlement history blended with transcripts | Hear it 52:15, Loyalty | – |
| Matcha | Yes | 1 | 1 | ✓ | 58%transcripts from the transcript model | Hear it 33:20, Matcha | – |
| Canada | Yes | 1 | 1 | ✓ | 44%n=3+tx from settlement history blended with transcripts | Hear it 4:38, Canada | – |
| Frappuccino | Yes | 1 | 1 | ✓ | 28%transcripts from the transcript model | Hear it 12:25, Frappuccino | – |
| Protein | No | 0 | 0 | ✓ | 90%n=3+tx from settlement history blended with transcripts | – | |
| Boyu | No | 0 | 0 | ✓ | 60%n=1+tx from settlement history blended with transcripts | – | |
| Promotion | No | 0 | 0 | ✓ | 43%n=3+tx from settlement history blended with transcripts | – | |
| Condiment Bar | No | 0 | 0 | ✓ | 37%n=3+tx from settlement history blended with transcripts | – | |
| AI / Artificial Intelligence | No | 0 | 0 | ✓ | 37%transcripts from the transcript model | – | |
| Non Dairy | No | 0 | 0 | ✓ | 33%n=3+tx from settlement history blended with transcripts | – | |
| Horchata | No | 0 | 0 | ✓ | 19%transcripts from the transcript model | – | |
| World Cup | No | 0 | 0 | ✓ | 15%transcripts from the transcript model | – | |
| Oatmilk / Oat Milk | No | 0 | 0 | ✓ | 13%n=3+tx from settlement history blended with transcripts | – | |
| Recycle / Recyclable | No | 0 | 0 | ✓ | 11%n=1+tx from settlement history blended with transcripts | – | |
| Union | No | 0 | 0 | ✓ | 10%n=3+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.
10 matches for “China”; 5 quoted, at least 25 words apart.
…we continue to position Starbucks as a world-class global licensor. With our China business now operating under the new joint venture, about 90% of our…
…1% from the prior year, largely driven by the transition of the China retail business to our new joint venture license structure in the third…
…million of Q3 operating income. Beginning this quarter, Starbucks retail operations in China were deconsolidated from our financials and reported as a licensed business with…
…To help with your models, here are a few data points detailing China's contribution to our Q3 international segment P&L and our current view of…
…we expect our economics to build over time. The operating landscape in China continues to evolve and the end market team is working to drive…
Where the listed words were said
…our cost savings efforts, as well as lower inflation paired with reciprocal tariff refunds. The refunds we received in Q3 largely offset related tariffs incurred…
…$0.85. North America continued to lead our performance in the quarter. Company-operated comparable sales increased 8.1%, licensed coffeehouse net revenues were roughly flat despite net…
…subsequent weeks. In the U.S., we also provided Starbucks Rewards members early access to our S'mores coffee lineup, highlighting the value of being a member.
…last October. We're also getting sharper in how our coffeehouse is run. Smart Queue is getting smarter as we optimize for greater accuracy and speed.…
…where we believe we can drive transactions, drive the brand, build that loyalty and love, and make sure people understand what Starbucks stands for. I…
…say that because that gives us a great platform along with our matcha menu for the afternoon. You add on some of the tests we've…
…comps were up 7.9%, driven by balanced transaction and ticket growth. In Canada, comps were even stronger. International company-operated comparable sales grew 5.7%, driven by…
…with a strong menu lineup that includes blended refreshers, our legendary Unicorn Frappuccino, and new orange cream beverages. We'll begin testing sparkling beverages in select…
Agents: this page as TSV at /api/v1/appearances/starbucks:2026-07-29:earnings_call · words: /api/v1/brief?appearance=starbucks:2026-07-29:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP