Starbucks North America Segment — Product and distribution costs increased by 8.5% to $2.14B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.5%, from $1.97B to $2.14B. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase relative to revenue suggests margin compression due to inflation or supply chain inefficiencies.
These are the direct costs associated with the production, procurement, and logistics of goods sold within the North Ame...
Equivalent to Cost of Goods Sold (COGS) for retail/restaurant segments; peers often track this as a percentage of revenue.
sbux_segment_north_america_product_and_distribution_costs| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|---|
| Value | $1.88B | $1.88B | $1.88B | $1.88B | $1.97B | $2.14B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +4.5% | +8.5% |
| YoY Change | — | — | — | — | +4.5% | +8.5% |
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