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Starbucks SBUX International — Product and distribution costs

Other segment segments

North America
$1.97B+3.3%
Channel Development
$320.9M+4.6%
Corporate and Other
$22.4M-40.1%

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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:ProductionAndDistributionCosts.

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 international — product and distribution costs?
Starbucks (SBUX) reported international — product and distribution costs of $513.4M in Q2 2026.
How has Starbucks's international — product and distribution costs changed year-over-year?
Starbucks's international — product and distribution costs decreased by 26.8% year-over-year, from $701.7M to $513.4M.
What is the long-term trend for Starbucks's international — product and distribution costs?
Over 2 years (2023 to 2025), Starbucks's international — product and distribution costs has grown at a 2.7% compound annual growth rate (CAGR), from $2.61B to $2.75B.
What does international — product and distribution costs mean?
These are the direct costs associated with the production, procurement, and logistics of goods sold within the international segment. This includes the cost of raw materials, manufacturing, and the supply chain expenses required to deliver products to international stores or partners. Monitoring this helps evaluate the efficiency of the international supply chain and cost of goods sold management.

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