Key Takeaways SBUX's Q4 operating margin fell 500 bps to 9.4%, driving a 34% EPS drop.Starbucks faces high coffee costs and labor spending that may weigh on early 2026.SBUX expects efficiency efforts and lower G&A to help as U.S. comps show improving trends.Starbucks Corporation (SBUX) reported a solid top-line finish to fiscal 2025, but profitability told a more challenging story.In fourth-quarter fiscal 2025, consolidated operating margin declined 500 basis points year over year to 9.4%, pressured primari ...