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CLAIM #53356 · Starbucks Corporation (SBUX) · 2026Q2 earnings call · Apr 28, 2026 · due Sep 30, 2026

On the EPS guide. So what would you have to believe, as you said, we're trying to be prudent given that we still have the macro backdrop that we do. But what would you have to believe? Well, first of all, we start with top line. So we said 5% plus, it would need to lean on the plus.

Cathy Smith · CFO

PENDING
graded after results covering Sep 30, 2026 are reported

How to check this claim

Look at: Full fiscal year revenue growth rate and diluted EPS

It came true if: Revenue growth > 5% AND diluted EPS toward high end of $2.25-$2.45 range (>= $2.35)

Where: Company quarterly/annual income statement and earnings release (10-K/10-Q)

In context

but we're excited very much about what we're seeing from an operational performance, how the customer then responds to that great operational performance and then the great work that I think the marketing and menu team are doing to bring relevant drinks, and you'll see us continue to push forward in food to go along with those great drinks. And so I'm really excited about where we are. And I'm optimistic that if we stay the course on executing Green Apron Service, executing the third place experience with all these uplifts and then continuing to support our partners with the right rosters, the right deployment and then the right menu and marketing innovation, we should continue to be rewarded with customers' business in any environment. I'll let you cover the second part. Catherine Smith: On the EPS guide. So what would you have to believe, as you said, we're trying to be prudent given that we still have the macro backdrop that we do. But what would you have to believe? Well, first of all, we start with top line. So we said 5% plus, it would need to lean on the plus. That will obviously help the EPS in the guidance range between the $2.25 and $2.45 toward the top end. Additional things that are contemplated in the back half of the year, we need to see coffee prices abate. Obviously, we continue to take a prudent position there, but we'd like to see those continue to abate. We'll want to make sure we're watching fuel and the implications of fuel, obviously, on our business as we get surcharges, but also on the consumer. And then lastly, we'll continue to tighten up our innovation performance on COGS in particular. And as we do all of those things, that would put us at the top end or who knows what. And so we'll start with top line first. Operator: Your next question comes from Chris O'Cull with Stifel. Christopher O'Cull: Congratulations again. Brian,

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