1、 Corrected Transcript 1-877-FACTSET Total Pages:22 Copyright 2001-2026 FactSet CallStreet,LLC 28-Jan-2026 Starbucks Corp.(SBUX)Q1 2026 Earnings Call Starbucks Corp.(SBUX)Q1 2026 Earnings Call Corrected Transcript 28-Jan-2026 1-877-FACTSET 2 Copyright 2001-2026 FactSet CallStreet,LLC CORPORATE PARTIC
2、IPANTS Catherine Park Vice President-Investor Relations,Starbucks Corp.Brian R.Niccol Chairman&Chief Executive Officer,Starbucks Corp.Catherine R.Smith Chief Financial Officer&Executive Vice President,Starbucks Corp.OTHER PARTICIPANTS David E.Tarantino Analyst,Robert W.Baird&Co.,Inc.Brian Harbour An
3、alyst,Morgan Stanley&Co.LLC David Palmer Analyst,Evercore ISI Lauren Silberman Analyst,Deutsche Bank Securities,Inc.John Ivankoe Analyst,JPMorgan Securities LLC Sara H.Senatore Analyst,BofA Securities,Inc.Jeffrey A.Bernstein Analyst,Barclays Capital,Inc.Gregory Francfort Analyst,Guggenheim Securitie
4、s LLC Peter Saleh Analyst,BTIG LLC Zachary Fadem Analyst,Wells Fargo Securities LLC Danilo Gargiulo Analyst,Bernstein Institutional Services LLC Chris OCull Analyst,Stifel,Nicolaus&Co.,Inc.Starbucks Corp.(SBUX)Q1 2026 Earnings Call Corrected Transcript 28-Jan-2026 1-877-FACTSET 3 Copyright 2001-2026
5、 FactSet CallStreet,LLC MANAGEMENT DISCUSSION SECTION Operator:Good morning.My name is Daryl,and I will be your conference operator today.I would like to welcome everyone to Starbucks First Quarter Fiscal Year 2026 conference call.All lines have been placed on mute to prevent any background noise.Op
6、erator instructions I will now turn the call over to Catherine Park,Vice President of Investor Relations.Miss Park,you may now begin your conference.Catherine Park Vice President-Investor Relations,Starbucks Corp.Good morning,and thank you for joining us today to discuss Starbucks first quarter fisc