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Operating Expense Breakdown
Details core costs like labor, rent, and materials, offering insight into how efficiently Starbucks operates and where it’s focusing its spending to drive growth.Store-level costs are the dominant and growing expense as Starbucks reinvests in uplifts and aggressive unit growth, while depreciation rose with the recent capex cycle and is now moderating. G&A remains a lever management is promising to hold below FY2023 levels, which matters because the 2025 restructuring spike and elevated product/distribution costs have pressured North America margins; the China JV sale improves liquidity but will shrink reported revenues. Watch execution of the $2B savings plan and moderation in commodity/tariff inflation—those determine whether operating leverage beats rising D&A and one‑off volatility.
Date | General and Administrative | Depreciation and Amortization | Other | Store | Restructuring |
|---|---|---|---|---|---|
Jun 30, 2026 | $598.80M | $361.60M | $131.90M | $4.20B | $302.60M |
Mar 31, 2026 | $618.10M | $363.40M | $130.50M | $4.41B | $25.10M |
Dec 31, 2025 | $638.80M | $400.90M | $131.20M | $4.55B | $88.10M |
Sep 30, 2025 | $642.00M | $430.80M | $141.80M | $4.33B | $755.00M |
Jun 30, 2025 | $677.20M | $427.60M | $151.60M | $4.34B | $20.80M |
Mar 31, 2025 | $632.30M | $418.90M | $138.70M | $4.18B | $116.20M |
Dec 31, 2024 | $665.80M | $407.60M | $152.50M | $4.20B | $0.00 |
Sep 30, 2024 | $644.80M | $395.00M | $138.70M | $3.88B | $0.00 |
Jun 30, 2024 | $576.00M | $380.40M | $143.90M | $3.83B | $0.00 |
Mar 31, 2024 | $654.60M | $371.90M | $132.80M | $3.72B | $0.00 |