Starbucks Channel Development — Product and distribution costs increased by 35.7% to $352.60M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 35.7%, from $259.80M to $352.60M. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase relative to revenue suggests margin compression due to rising supply chain or commodity costs.
These are the direct costs associated with manufacturing, sourcing, and distributing products within the Channel Develop...
Similar to cost of goods sold (COGS) for wholesale or CPG divisions of retail companies.
sbux_segment_channel_development_product_and_distribution_costs| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|---|
| Value | $312.53M | $312.53M | $312.53M | $312.53M | $259.80M | $352.60M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -16.9% | +35.7% |
| YoY Change | — | — | — | — | -16.9% | +35.7% |
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