SBUX · 8-K · 20261029PR000154

Operating Expense Trends

STARBUCKS CORP · 2026-10-29 · Importance 31 · Surprise 14

Fiscal 2026 total operating expenses were $34.51 billion, essentially unchanged from $34.50 billion as revenue increased 2.0%. Product and distribution costs rose 4.9% to $12.24 billion, while coffeehouse operating expenses increased 0.8% to $17.19 billion. Depreciation and amortization fell 12.0% to $1.48 billion, and general and administrative expenses declined 9.3% to $2.37 billion. Q4 general and administrative expenses decreased 19.4% to $517.3 million, while restructuring and impairments fell 63.9% to $272.8 million.