The Back to Starbucks plan is working. That’s a key takeaway from Starbucks most recent earnings report, released on Wednesday, which showed accelerated growth during Q1 and steady momentum over recent quarters. Now the company is preparing to share the the next chapter of its transformation at Investor Day on Thursday. 

“We have a plan, we have been working the plan, and the plan is working,” said Brian Niccol, chairman and chief executive officer of Starbucks.  

On the earnings call Wednesday, Starbucks shared that in Q1 FY26, consolidated net revenues grew by 6% to $9.9 billion and global comparable store sales accelerated to 4% growth. Across North America as a whole, and the U.S. US business, company operated sales comps were both 4%. International sales comps grew 5%.

“We’re pleased with our progress,” Niccol said. “We believe we remain ahead of schedule. And we’re confident on our path forward.”

On Thursday at Starbucks Investor Day, Niccol and other leaders will lay out their plan for the next phase of growth. About 150 investors and members of the media are expected to join in person in New York while others watch via live stream. 

At the half-day event, in-person participants won’t just hear about what’s coming, they’ll be immersed in it. They’ll participate in a coffee tasting of a new dark roast, led by master coffee developer Sergio Alvarez; see and experience how our coffeehouses are delivering world-class customer experience through the company’s Green Apron Service operating model, how they are being uplifted with softer seating, warmer lighting, plants and more and they will get an early look (and taste) of upcoming menu innovation at Starbucks.

Niccol will walk the audience through the progress that has happened since he laid out his Back to Starbucks plan when he took over the leadership of the company 18-months ago. 

“We will lay out our … path to sustained growth and profitability and how we plan to deliver the best of Starbucks for our customers, partners and shareholders,” said Niccol.

Joining Niccol on Thursday will be: 

• Tressie Lieberman, Starbucks global chief brand officer, will share how the company is driving demand and unleashing growth potential through innovation and by making Starbucks more visible, relevant and loved everywhere;
• Mike Grams, Starbucks chief operating officer, will showcase how our Green Apron Service operating model is delivering progress in throughput, elevating the customer experience, enhancing coffeehouses and growing the portfolio;
• Brady Brewer, chief executive officer for Starbucks International, will share the company’s plan to accelerate global growth with an aspiration to get Starbucks in the hands of as many consumers around the world as possible; and 
• Cathy Smith, Starbucks chief financial officer, will outline the company’s financial framework through fiscal 2028 and how investments translate into profitable, sustainable growth.

Watch this blog for live updates through Investor Day.