| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q3'26 | July 29, 2026 | 4/12 | 2 high, 5 medium, 1 low flags | 4 | 0 | Call sheet → |
| Q2'26 | 2026-04-28 | 9/12 | 3 medium, 3 low flags | 3 | 0 | Call sheet → |
| Q1'26 | 2026-01-28 | 11/12 | 2 medium, 4 low flags | 6 | 0 | Call sheet → |
| Q4'25 | October 29, 2025 | 11/12 | - | 7 | 0 | Call sheet → |
| Q3'25 | July 29, 2025 | 10/12 | 1 medium, 5 low flags | 4 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q3'26 | Delivered | Maintain North America operating margin growth Operating margin up 280 bps YoY; first year‑over‑year growth since Q1 2024. |
| Q3'26 | Delivered | Reduce G&A to below FY2023 levels G&A down ~20 % YoY versus FY2023 baseline. |
| Q3'26 | Delivered | Launch the new Starbucks Rewards program and grow 90‑day active members Members rose to 35.8 m from 35.6 m in Q2. |
| Q3'26 | Exceeded | Complete 1,000 coffee‑house uplifts by FY2026 year‑end Q3 says >1,000 uplifts already achieved, ahead of plan. |
| Q3'26 | Pending | Deliver $2 bn in cost savings by FY2028 Q3 G&A down 20 % YoY largely from China de‑consolidation; savings still front‑loaded, full $2 bn not yet evident. |
| Q3'26 | Pending | Achieve >6 % global comparable store sales growth FY2026 (Q2 guidance) Q3 delivered 7.9 % YoY comps, ahead of guidance, but FY2026 guidance now raised to “near 6 %” - still on track. |
| Q2'26 | Delivered | G&A dollars below fiscal 2023 levels Maintained this expectation even with performance-based compensation increases |
| Q2'26 | Exceeded | EPS guidance of $2.15 to $2.40 Raised to $2.25 to $2.45 after Q2 beat |
| Q2'26 | Pending | 600-650 net new coffeehouses fiscal 2026 Maintained guidance, added details on market breakdown |
| Q2'26 | Pending | Coffee prices and tariff pressures to peak in Q2 with relief in back half Maintained this view with slight hedging about 'recent trends' |
| Q2'26 | Pending | Consolidated operating margins to grow slightly year over year Still expecting slight growth but Q2 was first expansion since Q1 FY24 |
| Q2'26 | Exceeded | Global comp guidance of 3% or better for fiscal 2026 Raised to 5% or better after delivering 6.2% in Q2 |
| Q1'26 | Delivered | Would find China JV partner with 'meaningful stake' retained Boyou partnership announced, 40% stake retained, spring closing expected. |
| Q1'26 | Delivered | Back to Starbucks plan would drive top-line first, then earnings Top-line delivered with comp acceleration, earnings still lagging as predicted. |
| Q1'26 | Delivered | Protein platform would build after September launch Confirmed high trial/repeat rates, incremental customer acquisition, recommitment in January. |
| Q1'26 | Delivered | Would complete more uplifts beyond initial 70 Completed approximately 200 uplifts, up from 70 in Q4. |
| Q1'26 | Exceeded | China business would continue comp growth China comps accelerated to +7% vs +2% in Q4, third consecutive quarter of growth. |
| Q1'26 | Delivered | Green Apron Service would drive transaction improvements U.S. transactions up 3%, first growth in 8 quarters. Pilot stores continue outperforming by 200 bps. |
| Q4'25 | Delivered | Investor Day in Q2 fiscal 2026 Confirmed for late January 2026 |
| Q4'25 | Delivered | China comps to remain positive after Q3 turnaround Maintained +2% comp growth for second consecutive quarter |
| Q4'25 | Exceeded | Drive continued sequential improvement in U.S. transaction comps Not only improved sequentially but turned positive in September |
| Q4'25 | Delivered | Nearly 70 store uplifts completed by Q4 Hit the target, primarily in NY and Southern California |
| Q4'25 | Delivered | Complete North American portfolio evaluation by end of fiscal year Completed assessment and executed 107 store closures |
| Q4'25 | Delivered | Introduce protein cold foam in late Q4 Launched end of September as committed |
| Q4'25 | Delivered | Green Apron Service rollout in mid-August across all U.S. stores Completed rollout in August as promised, with positive early results |
| Q3'25 | Delivered | China market-specific Back to Starbucks plan progress Achieved 2% comps, 6% transaction growth through Q3 |
| Q3'25 | Delivered | Clover Vertica rollout Equipment installed in 70% of company-operated coffeehouses |
| Q3'25 | Delivered | Digital menu boards rollout Now in more than 25% of US company-operated stores |
| Q3'25 | Pending | Find material offsets to labor investments Still working on it, extended timeline to '26-'28 |
| Q3'25 | Pending | No pricing increases for balance of fiscal 2025 Still maintained, no pricing announced |
| Q3'25 | Exceeded | Scale Green Apron Service to more than 2,000 locations by May 2025 Actually accelerated to all US stores by mid-August 2025 |
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