SBUX · 8-K · 20260729PR000129

Operating Expense Trends

STARBUCKS CORP · 2026-07-29 · Importance 75 · Surprise 82

Quarterly general and administrative expense decreased 11.6% year over year to $598.8 million, while depreciation and amortization decreased 15.4% to $361.6 million. Restructuring and impairment expense increased to $302.6 million from $20.8 million, and transaction and transformation costs added $44.1 million and $18.1 million, respectively, to Q3 operating expenses. North America restructuring and impairment costs were $174.3 million, International costs were $41.1 million, and Corporate and Other costs were $87.4 million. The company said higher restructuring costs and labor investments supporting “Back to Starbucks” partially offset operating-margin gains.

Key facts

• Channel Development operating income increased to $306.2 million in Q3 FY26 compared to $218.4 million in Q3 FY25. source
• North America operating income increased to $1,008.9 million in Q3 FY26 from $918.7 million in Q3 FY25. source
• Transformation costs excluded from non-GAAP operating income totaled $18.1 million in Q3. source
• North America operating margin was 13.6% in Q3 FY26, up from 13.3% in the prior year. source
• International operating margin expanded to 19.1% in Q3 FY26 from 13.6% in the prior year. source