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Starbucks SBUX Channel Development — Revenue

Other segment segments

North America
$7.4B+6.8%
International
$1.32B-34.2%
Corporate and Other
$17.1M-50.4%

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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$120.84B+19.5%
Enterprise value$139.82B+12.0%
P/E61×+22.5×
P/S3.2×+0.4×

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 us-gaap:Revenues.

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, 2026North AmericaInternationalChannel DevelopmentCorporate and OtherTotal
Total net revenues$7,395.1$1,322.6$587.9$17.1$9,322.7
Product and distribution costs1,971.9513.4320.922.42,828.6
Store operating expenses3,789.3408.14,197.4
Other operating expenses56.557.816.01.6131.9
Depreciation and amortization expenses298.333.130.2361.6
General and administrative expenses95.939.10.8463.0598.8
Restructuring and impairments174.341.1(0.2)87.4302.6
Total operating expenses6,386.21,092.6337.5604.68,420.9

Item 1.Financial Statements

FAQ

What is Starbucks's channel development — revenue?
Starbucks (SBUX) reported channel development — revenue of $587.9M in Q2 2026.
How has Starbucks's channel development — revenue changed year-over-year?
Starbucks's channel development — revenue increased by 21.5% year-over-year, from $483.8M to $587.9M.
What is the long-term trend for Starbucks's channel development — revenue?
Over 4 years (2021 to 2025), Starbucks's channel development — revenue has grown at a 4.1% compound annual growth rate (CAGR), from $1.59B to $1.87B.
What does channel development — revenue mean?
This represents the total gross income generated by the Channel Development segment from the sale of goods and services. It includes revenue from packaged coffee, ready-to-drink beverages, and other consumer-packaged goods sold through retail and distribution channels.

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