Starbucks Corporation (SBUX)

Gross profit margin

Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019
Gross profit US$ in thousands 22,908,700 20,150,000 18,221,500 13,737,700 14,398,800
Revenue US$ in thousands 35,975,600 32,250,300 29,060,600 23,518,000 26,508,600
Gross profit margin 63.68% 62.48% 62.70% 58.41% 54.32%

September 30, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $22,908,700K ÷ $35,975,600K
= 63.68%

From the data provided, we can observe the trend in Starbucks Corporation's gross profit margin over the last five years. The gross profit margin has shown a consistent improvement from 54.32% in 2019 to 63.68% in 2023. This progressive increase indicates that Starbucks has been effectively managing its cost of goods sold and increasing its pricing strategy to improve profitability.

The steady growth in gross profit margin reflects the company's ability to generate more revenue per dollar of sales, which is a positive sign for its overall financial performance. It suggests that Starbucks has been successful in controlling its production and distribution costs while effectively setting prices to maintain a healthy margin on its products.

Overall, the upward trend in Starbucks' gross profit margin over the past five years demonstrates the company's strength in managing its core operations efficiently and enhancing its profitability. This is a key metric that investors and analysts often look at to assess a company's operational effectiveness and financial health.


Peer comparison

Sep 30, 2023

Company name
Symbol
Gross profit margin
Starbucks Corporation
SBUX
63.68%
Shake Shack Inc
SHAK
48.73%
The Wendy’s Co
WEN
45.54%

See also:

Starbucks Corporation Gross Profit Margin