“Second, as I mentioned earlier, we expect coffee and tariff pressures to start easing as we move into the back half of the fiscal year.”

How to check this claim

Look at: Coffee and tariff-related cost pressure on margins (as described qualitatively by management, e.g. gross margin or operating margin trend and commentary on commodity/tariff headwinds), fiscal H2

It came true if: Management commentary and reported gross/operating margin in Q3 and Q4 FY2026 show easing coffee/tariff cost pressure versus H1 FY2026 (i.e., sequential improvement or reduced drag cited versus prior quarters)

Where: SBUX quarterly earnings release and management commentary on Q3/Q4 FY2026 earnings calls (10-Q/10-K margin discussion)

Verify independently

SEC filings for SBUX ↗ · Claim quote is verbatim from the 2026Q2 earnings call.