CLAIM #53262 · Starbucks Corporation (SBUX) · 2025Q3 earnings call · Jul 29, 2025 · due Sep 27, 2026
“A lot is happening today behind the scenes, and these efforts will come together more visibly by the end of next year. And when they do, I am highly confident that our financial performance will follow: first, in our comps; then in our earnings.”
Cathy Smith · CFO
How to check this claim
Look at: Starbucks comparable sales growth (global/consolidated, as reported)
It came true if: Comparable sales growth > 0% in a quarterly report by end of next fiscal year
Where: Company quarterly earnings release / 10-Q comparable sales disclosure
In context
“rvice rollout in mid-August. To offset these investments, we are focusing on driving a healthier and more efficient cost structure that allows us to weather macro headwinds, drive strong sales flow-through and simultaneously fund our Back to Starbucks strategy. We are working on resetting and improving our cost structure across the entire P&L with disciplined prioritization, driving more efficiency, accountability and agility into the organization. In closing, I am impressed with how far we've come and know we have more work to do. We know this turnaround is a multiyear effort. We are rebuilding our core foundation on which we can scale and innovate to deliver the Best of Starbucks customer experience while instilling stronger discipline in our cost structure and capital deployment plans. A lot is happening today behind the scenes, and these efforts will come together more visibly by the end of next year. And when they do, I am highly confident that our financial performance will follow: first, in our comps; then in our earnings. I'd like to thank our partners around the world for their commitment to transforming Starbucks into the premier customer service organization that all our stakeholders, partners, customers and shareholders will be proud of. And with that, Brian and I are happy to take your questions. Thank you, operator. Operator: [Operator Instructions] And your first question comes from David Tarantino with Baird. David E. Tarantino: Congrats on the early progress. I wanted to ask about the investment you're making in the stores. Thank you, Cathy, for quantifying that $0.5 billion in labor hours. Can you maybe just frame up some of the cost offsets you mentioned to that number and whether you think it's possible to fully offset that number or whether you're going to need to see sales leverage in additio”
Verify independently
SEC filings for SBUX ↗ · Claim quote is verbatim from the 2025Q3 earnings call.