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Starbucks SBUX Channel Development — General and Administrative Expense

Other segment segments

Corporate and Other
$436M-3.0%
North America
$92.4M-4.3%
International
$89M+5.0%

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TRNSDistribution — General And Administrative Expense
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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$117.67B+10.5%
Enterprise value$140.53B+8.0%
P/E78.7×+38.2×
P/S3.1×+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:GeneralAndAdministrativeExpense.

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 channel development — general and administrative expense?
Starbucks (SBUX) reported channel development — general and administrative expense of $700K in Q1 2026.
How has Starbucks's channel development — general and administrative expense changed year-over-year?
Starbucks's channel development — general and administrative expense decreased by 41.7% year-over-year, from $1.2M to $700K.
What does channel development — general and administrative expense mean?
This captures the overhead costs associated with managing the Channel Development segment, including salaries for segment leadership, legal, and other corporate support functions. It reflects the cost of maintaining the administrative infrastructure of the business unit.