SBUX · 10-K · 2026A · Full report

Trade Policy and Tariffs

STARBUCKS CORP · 2026-11-12 · Importance 35 · Surprise 60

On February 20, 2026, the U.S. Supreme Court ruled unlawful the reciprocal tariffs imposed under the International Emergency Economic Powers Act (IEEPA), which had applied to Starbucks imports. U.S. Customs and Border Protection opened a refund-request platform on April 20, 2026, and Starbucks submitted requests for qualifying tariffs in the third quarter of fiscal 2026. The company received substantially all requested refunds, recorded in product and distribution costs; these refunds largely offset related tariffs incurred during the first three quarters of fiscal 2026.

Key facts

• On February 20, 2026, the U.S. Supreme Court ruled reciprocal tariffs imposed under IEEPA unlawful; Starbucks imports had previously been subject to those tariffs. source
• Starbucks submitted requests in the third quarter of fiscal 2026 for refunds of qualifying IEEPA tariffs and received substantially all requested refunds; the refunds largely offset related tariffs incurred in the first three quarters of fiscal 2026. source