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FinanceStarbucks reports Q3 FY2026 results; CEO Brian Niccol leads earnings call
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This is the transcript of Starbucks Corporation's third quarter fiscal year 2026 earnings call, held on July 29, 2026. The call was led by Chairman and CEO Brian Niccol and CFO Catherine Smith, and moderated by VP of Investor Relations Catherine Park. The discussion covers the company's financial results for the quarter, including revenue, operating margin, and EPS growth metrics, which are presented on a non-GAAP and constant currency basis. The call includes forward-looking statements and cautions regarding risks and uncertainties. Participants from major financial institutions such as Robert W. Baird, Evercore ISI, TD Cowen, BofA Securities, Morgan Stanley, and others were present to ask questions. The transcript provides a detailed account of the company's performance and strategic outlook.
Source report
July 29, 2026 — 4:15 PM EDT
Company Participants
- Catherine Park — Vice President, Investor Relations
- Brian Niccol — Chairman & CEO
- Catherine Smith — Executive VP & CFO
Conference Call Participants
- David Tarantino — Robert W. Baird & Co. Incorporated, Research Division
- David Palmer — Evercore ISI Institutional Equities, Research Division
- Andrew Charles — TD Cowen, Research Division
- Sara Senatore — BofA Securities, Research Division
- Brian Harbour — Morgan Stanley, Research Division
- Danilo Gargiulo — Bernstein Institutional Services LLC, Research Division
- Zachary Fadem — Wells Fargo Securities, LLC, Research Division
- John Ivankoe — JPMorgan Chase & Co, Research Division
- Karen Holthouse
- Margaret-May Binshtok — Wolfe Research, LLC
- Logan Reich — RBC Capital Markets, Research Division
- Stephen McManus — BNP Paribas, Research Division
Presentation
Operator
Good afternoon, and welcome to Starbucks' Third Quarter Fiscal Year 2026 Earnings Call. [Operator Instructions].
I will now turn the call over to Catherine Park, Vice President of Investor Relations. Ms. Park, you may now begin your conference.
Catherine Park — Vice President, Investor Relations
Good afternoon, and thank you for joining us today to discuss Starbucks' third quarter fiscal year 2026 results. Today's discussion will be led by Brian Niccol, Chairman and Chief Executive Officer; and Cathy Smith, Executive Vice President and Chief Financial Officer.
This conference call will include forward-looking statements, which are subject to various risks and uncertainties that could cause our actual results to differ from these statements. Any such statements should be considered in conjunction with cautionary statements in our earnings release and risk factors discussed in our filings with the SEC. Starbucks assumes no obligation to update any of these forward-looking statements or information.
Revenue, operating margin and EPS growth metrics referenced on today's call are non-GAAP and measured in constant currency. All other metrics referenced on today's call are non-GAAP. Please refer to the earnings release for further details.
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Starbucks Corporation (SBUX) Q3 2026 Earnings Call Transcript