Starbucks Corporation (SBUX) Q2 2026 Earnings Call Transcript
Starbucks reported its Q2 2026 financial results, highlighting global revenue growth driven by strong performance in China and the U.S., despite ongoing margin pressures. CEO Brian Niccol emphasized progress in the company’s transformation strategy, including digital engagement and store optimization. CFO Cathy Smith noted improved operating leverage and raised full-year guidance for revenue and earnings. The company continues to navigate inflationary costs while investing in innovation and international expansion.
- ▪Starbucks posted global revenue growth in Q2 2026, with same-store sales up 9% worldwide.
- ▪The U.S. and China markets delivered strong comparable store sales growth of 7% and 13%, respectively.
- ▪Operating margin declined slightly year-over-year due to inflationary pressures and wage increases.
- ▪Starbucks raised its full-year 2026 revenue and EPS guidance, citing resilient consumer demand.
- ▪Digital sales reached a record 31% of U.S. transactions, reflecting increased customer engagement.
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