Food and Beverage — Cost of revenue
Las Vegas Sands Food and Beverage — Cost of revenue decreased by 8.0% to $149.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 18.3%, from $126.00M to $149.00M. Over 4 years (FY 2021 to FY 2025), Food and Beverage — Cost of revenue shows an upward trend with a 23.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression due to rising food costs or labor inefficiencies, while a decrease relative to revenue suggests improved operational efficiency or better cost control.
Detailed definition
This metric measures the direct costs associated with providing food and beverage services, including the cost of raw in...
Peer comparison
Comparable to cost of goods sold (COGS) or direct operating expenses for food and beverage divisions in the hospitality and gaming industry.
lvs_segment_food_and_beverage_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $60.00M | $55.00M | $58.00M | $65.00M | $73.00M | $83.00M | $98.00M | $104.00M | $117.00M | $128.00M | $132.00M | $126.00M | $124.00M | $129.00M | $133.00M | $126.00M | $130.00M | $144.00M | $162.00M | $149.00M |
| QoQ Change | — | -8.3% | +5.5% | +12.1% | +12.3% | +13.7% | +18.1% | +6.1% | +12.5% | +9.4% | +3.1% | -4.5% | -1.6% | +4.0% | +3.1% | -5.3% | +3.2% | +10.8% | +12.5% | -8.0% |
| YoY Change | — | — | — | — | +21.7% | +50.9% | +69.0% | +60.0% | +60.3% | +54.2% | +34.7% | +21.2% | +6.0% | +0.8% | +0.8% | +0.0% | +4.8% | +11.6% | +21.8% | +18.3% |
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Frequently Asked Questions
- What is Las Vegas Sands's food and beverage — cost of revenue?
- Las Vegas Sands (LVS) reported food and beverage — cost of revenue of $149.00M in Q1 2026.
- How has Las Vegas Sands's food and beverage — cost of revenue changed year-over-year?
- Las Vegas Sands's food and beverage — cost of revenue increased by 18.3% year-over-year, from $126.00M to $149.00M.
- What is the long-term trend for Las Vegas Sands's food and beverage — cost of revenue?
- Over 4 years (2021 to 2025), Las Vegas Sands's food and beverage — cost of revenue has grown at a 23.2% compound annual growth rate (CAGR), from $244.00M to $562.00M.
- What does food and beverage — cost of revenue mean?
- The total direct costs incurred to produce and serve food and beverages to resort guests.