HSIC · 10-Q · 2026Q2 · Full report
Operating Expense Trends
HENRY SCHEIN INC · 2026-08-04 · Importance 54 · Surprise 40 · Contradicted
Second-quarter total operating expenses increased 7.5% year over year and rose to 26.9% of sales from 26.7%. Global Technology operating expenses increased 12.7%, exceeding its 8.2% sales growth, while Global Distribution and Value-Added Services expenses increased 6.3% and Global Specialty Products expenses increased 7.2%. Six-month total operating expenses increased 7.6% to 26.6% of sales from 26.4%, primarily reflecting costs associated with sales growth and unfavorable foreign-exchange effects. Six-month operating costs also benefited by $11 million from remeasurement to fair value of a previously held equity investment in Global Specialty Products.
Key facts
- Total operating expenses for the three months ended June 27, 2026 were 26.9% of sales, compared to 26.7% for the prior year period, an increase of 7.5%. source
- Total operating expenses for the six months ended June 27, 2026 were $1,818 million, representing 26.6% of sales, compared to $1,690 million, 26.4% of sales, in the prior-year period. source
- There have been no material changes in our critical accounting estimates from those disclosed in Item 7 of our Annual Report on Form 10-K for the year ended December 27, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -3.7% | Total operating expenses for the six months ended June 27, 2026 were $1,818 million, representing 26.6% of sales, compared to $1,690… |
| operating_income | negative | realized | -1.9% | Total operating expenses for the three months ended June 27, 2026 were 26.9% of sales, compared to 26.7% for the prior year period, an… |