Starbucks Q3 FY2026 Earnings Call
With Brian Niccol (Chairman and CEO) and Cathy Smith (EVP and CFO).
At Starbucks, we like to say that we are not in the coffee business serving people, but in the people business serving coffee.
More about Starbucks
Here, our employees - who we call partners – are the heart of the Starbucks experience, and being a partner means aspiring to become part of something bigger: inspiring positive change in the world and growing in your career and in your community. It’s an opportunity to be your personal best. In everything we do, we are dedicated to our mission: To be the premier purveyor of the finest coffee in the world, inspiring and nurturing the human spirit — one person, one cup and one neighborhood at a time. Starbucks is an equal opportunity employer. Explore opportunities, benefits and more at careers.starbucks.com.
1Prepared remarks3 speakers
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…
Good afternoon, and thanks for joining. Before I begin, I want to acknowledge the devastating earthquake in Japan. We're grateful that all our partners are safe, and our thoughts are with all those affected. For more than 30 years, we've been part of communities across Japan, and we'll be there to support them as they recover. Now turning to our results for the quarter. In Q3, we delivered our fourth consecutive quarter of positive global comps and our second consecutive quarter of consolidated margin growth. It's…
Thank you, Brian, and thank you all for joining today. Our third quarter results demonstrate the progress we continue to make on both the top and bottom line and the growing durability of our performance. I want to thank our partners across our coffeehouses, supply chain, and support centers, whose execution is helping us advance our Back to Starbucks plan and reclaim the third place. Let me now take you through our Q3 results. Then I'll share how we're thinking about the balance of the year.
Consolidated net…