Starbucks North America Segment — Store operating expenses increased by 9.4% to $3.79B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.4%, from $3.46B to $3.79B. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising expenses relative to revenue indicate declining store-level productivity or inflationary pressure on labor and rent.
These represent the recurring costs required to operate physical store locations in North America, including labor, rent...
Standard operating expense metric for restaurant and retail chains; comparable to 'store-level operating costs' at peer companies.
sbux_segment_north_america_store_operating_expenses| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|---|
| Value | $2.99B | $2.99B | $2.99B | $2.99B | $3.46B | $3.79B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +15.7% | +9.4% |
| YoY Change | — | — | — | — | +15.7% | +9.4% |
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