10-K Diver on Twitter: "16/ Starbucks doesn't have much Operating Leverage though. That's because 2 BIG costs for Starbucks (raw materials and store operating expenses) are both closer to *variable* than *fixed*
![Starbucks: Resilient Balance Sheet, Rapid Dividend Growth, Potential Risks Remain (NASDAQ:SBUX) | Seeking Alpha Starbucks: Resilient Balance Sheet, Rapid Dividend Growth, Potential Risks Remain (NASDAQ:SBUX) | Seeking Alpha](https://static.seekingalpha.com/uploads/2020/4/1/49121886-15857584420039287_origin.png)
Starbucks: Resilient Balance Sheet, Rapid Dividend Growth, Potential Risks Remain (NASDAQ:SBUX) | Seeking Alpha
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