Business Segments · Store operating expenses

North America Segment — Store operating expenses

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.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ4 2025

How to read this metric

Rising expenses relative to revenue indicate declining store-level productivity or inflationary pressure on labor and rent.

Detailed definition

These represent the recurring costs required to operate physical store locations in North America, including labor, rent...

Peer comparison

Standard operating expense metric for restaurant and retail chains; comparable to 'store-level operating costs' at peer companies.

Metric ID: sbux_segment_north_america_store_operating_expenses

Historical Data

6 periods
 Q1 '23Q2 '23Q3 '23Q4 '23Q4 '24Q4 '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%
Range$2.99B$3.79B
CAGR+20.8%
Avg YoY Growth+12.6%
Median YoY Growth+12.6%
Current Streak5+ quarters growth

Frequently Asked Questions

What is Starbucks's north america segment — store operating expenses?
Starbucks (SBUX) reported north america segment — store operating expenses of $3.79B in Q4 2025.
How has Starbucks's north america segment — store operating expenses changed year-over-year?
Starbucks's north america segment — store operating expenses increased by 9.4% year-over-year, from $3.46B to $3.79B.
What does north america segment — store operating expenses mean?
The day-to-day costs of running physical stores in North America.

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