What is Starbucks's inventories?

Starbucks (SBUX) reported inventories of $307M in Q1 2026.

How has Starbucks's inventories changed year-over-year?

Starbucks's inventories decreased by 4.8% year-over-year, from $322.4M to $307M.

What is the long-term trend for Starbucks's inventories?

Over 4 years (2021 to 2025), Starbucks's inventories has grown at a 5.0% compound annual growth rate (CAGR), from $329.3M to $399.7M.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Starbucks SBUX Inventories

Inventories at other companies

McDonald'sMCD

$61M+19.6%

EAT

Brinker InternationalEAT

$35.1M0.0%

Chipotle Mexican GrillCMG

$44.69M+8.0%

Celsius Holdings, Inc.CELH

$364.15M+158%

Keurig Dr PepperKDP

$1.83B+16.6%

Restaurant Brands InternationalQSR

$203M+27.7%

Other financials

Income statement

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Revenue$9.5B+8.8%

Operating income$828.1M+37.8%

Net income$510.9M+33.0%

EPS (diluted)$0.45+32.4%

Balance sheet

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Cash & equivalents$1.5B-42.7%

Total debt$24.4B-6.2%

Total equity-$8.5B-11.1%

Total assets$30.6B-3.4%

Cash flow

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Operating cash flow$364.5M+24.8%

CapEx$272.7M-53.7%

Free cash flow$91.8M—

Valuation

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Market cap$116.47B+11.6%

Enterprise value$139.33B+8.8%

P/E77.9×+38.2×

P/S3×+0.2×

Profitability

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Gross margin72.3%—

Operating margin7.6%-4.9pp

Net margin3.9%-4.7pp

FCF margin7.1%—

Returns & leverage

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Return on equity136.5%—

Debt / equity7.8×—

Current ratio0.9×+0.3×

Where this comes from

Reported directly by Starbucks in its filing.

Tagged under the XBRL concept us-gaap:RetailRelatedInventoryMerchandise.

The official record: Starbucks’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Starbucks's inventories?: Starbucks (SBUX) reported inventories of $307M in Q1 2026.
How has Starbucks's inventories changed year-over-year?: Starbucks's inventories decreased by 4.8% year-over-year, from $322.4M to $307M.
What is the long-term trend for Starbucks's inventories?: Over 4 years (2021 to 2025), Starbucks's inventories has grown at a 5.0% compound annual growth rate (CAGR), from $329.3M to $399.7M.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.