CLAIM #53326 · Starbucks Corporation (SBUX) · 2026Q1 earnings call · Jan 28, 2026 · due Sep 30, 2026
“I obviously envision that earnings will continue to pick up as we maintain the top line momentum that we have.”
Brian Niccol · CEO
How to check this claim
Look at: Quarterly operating margin and/or EPS trend across Q2-Q4 of fiscal year, and comparable/net sales growth
It came true if: Sequential improvement in operating margin (or EPS) from Q2 through Q4 versus prior comparable quarters, while comparable sales growth remains positive
Where: Quarterly earnings releases and income statement (10-Q/8-K filings, earnings calls)
In context
“olor you can offer on the magnitude of operating margin performance in the first half of the year versus the second half? And you mentioned about a third of the pressure today related to product and distribution inflation. Is there a glide path in your mind in terms of these pressures rolling off? Brian R. Niccol: Yeah. I'll start, and maybe I can let Kathy fill in. You know, I think 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 of it into the back half. As well as we start to roll over the initial big investment in our Green Apron service model. And then compound that with a very conscious effort on cost, which is, you know, this $2 billion program over the next two or three years. So, you know, I obviously envision that earnings will continue to pick up as we maintain the top line momentum that we have. But Kathy, I don't know if you wanna add anything. Catherine R. Smith: Brian hit really the it's kind of the four big ones. We've got the anniversary of the investment in Green Apron service, which you talked about. That'll we get anniversarying it by the fourth quarter. The savings program that we got in place while we've been working hard and at speed, a lot of that starts to come to fruition beyond some of the restructuring we already did come 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 then the most important one is the sales leverage. Just make sure that we continue to drive the top line like we expect. So all of that will weight it a little bit more to the back half of the year. Zach Fadem: Appreciate the time”
Verify independently
SEC filings for SBUX ↗ · Claim quote is verbatim from the 2026Q1 earnings call.