Starbucks Corporation (SBUX)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 22,714,400 | 22,908,700 | 20,150,000 | 18,221,500 | 13,737,700 |
| Revenue | US$ in thousands | 36,176,200 | 35,975,600 | 32,250,300 | 29,060,600 | 23,518,000 |
| Gross profit margin | 62.79% | 63.68% | 62.48% | 62.70% | 58.41% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $22,714,400K ÷ $36,176,200K
= 62.79%
Based on the historical data provided for Starbucks Corporation's gross profit margin over the five-year period from September 30, 2020, to September 30, 2024, there has been fluctuation in the company's gross profit margin.
The gross profit margin for Starbucks Corporation has ranged from 58.41% in September 2020 to 63.68% in September 2023. The gross profit margin indicates the percentage of revenue that exceeds the cost of goods sold, reflecting the efficiency of the company's production and pricing strategies.
Overall, Starbucks has maintained relatively healthy gross profit margins over the years, with the margins consistently above 60%. This suggests that Starbucks has been able to effectively manage its production costs and pricing strategies to generate a strong profit margin on its goods and services.
The slight fluctuations in the gross profit margin from year to year may be attributed to various factors such as changes in commodity prices, competition in the market, and shifts in consumer preferences. It is essential for Starbucks Corporation to continue monitoring and managing its gross profit margin to ensure sustained profitability and competitiveness in the market.
Peer comparison
Sep 30, 2024