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Starbucks SBUX Channel Development — Employee severance, separation costs, and other

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Other financials

Income statement

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Revenue$9.3B-1.4%
Operating income$980.4M+4.8%
Net income$1.0B+87.2%
EPS (diluted)$0.91+85.7%

Balance sheet

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Cash & equivalents$3.4B-17.3%
Total debt$22.4B-19.6%
Total equity-$7.7B+0.2%
Total assets$28.3B-15.9%

Cash flow

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Operating cash flow$1.6B+63.9%
CapEx$291.4M-48.6%
Free cash flow$1.4B+211%

Valuation

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Market cap$120.36B+15.4%
Enterprise value$139.35B+8.9%
P/E60.7×+21.1×
P/S3.1×+0.3×

Profitability

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Gross margin72.3%
Operating margin7.8%-3.0pp
Net margin5.2%-2.0pp
FCF margin9.5%

Returns & leverage

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Return on equity136.5%
Debt / equity7.8×
Current ratio0.8×0.0×

Where this comes from

Reported directly by Starbucks in its filing.

Tagged under the XBRL concept sbux:EmployeeSeveranceSeparationCostsAndOther.

The source filing: Starbucks’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 5:17 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000829224-26-000130
Quarter Ended June 28, 2026 / Fiscal 2025 Restructuring plans:North AmericaInternationalChannel DevelopmentCorporate and OtherTotal
Disposal and impairment of store assets$4.9$(0.6)$4.3
Employee severance, separation and other costs3.31.0(0.2)1.55.6
Amortization of ROU lease assets and other lease exit costs(1.8)1.90.1
Total costs6.42.3(0.2)1.510.0
Fiscal 2026 Restructuring plans:
Disposal and impairment of store and non-retail facility assets154.714.348.4217.4
Employee severance, separation and other costs10.724.537.472.6
Amortization of ROU lease assets and other lease exit costs2.50.12.6

Item 1.Financial Statements

FAQ

What is Starbucks's channel development — employee severance, separation costs, and other?
Starbucks (SBUX) reported channel development — employee severance, separation costs, and other of -$200K in Q2 2026.
How has Starbucks's channel development — employee severance, separation costs, and other changed year-over-year?
Starbucks's channel development — employee severance, separation costs, and other decreased by 142.1% year-over-year, from $475K to -$200K.
What does channel development — employee severance, separation costs, and other mean?
This metric captures costs associated with workforce reductions, severance packages, and related separation expenses within the Channel Development segment. It is a key indicator of organizational restructuring or headcount optimization efforts.

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