Starbucks Corporation (SBUX)
Gross profit margin
Sep 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
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Gross profit (ttm) | US$ in thousands | 22,714,400 | 23,349,700 | 23,527,000 | 22,908,700 | 22,109,100 | 21,389,700 | 20,579,000 | 20,150,000 | 20,191,500 | 19,758,700 | 19,144,000 | 18,221,400 | 19,461,700 | 16,490,300 | 15,577,200 | 15,413,600 | 15,957,500 | 17,205,500 | 16,796,900 | 15,761,800 |
Revenue (ttm) | US$ in thousands | 36,176,200 | 36,530,200 | 36,687,000 | 35,975,600 | 35,016,200 | 33,998,000 | 32,913,800 | 32,250,300 | 31,982,800 | 31,329,200 | 30,361,600 | 29,060,600 | 27,117,000 | 23,842,600 | 23,170,300 | 23,518,000 | 24,061,900 | 26,662,800 | 26,973,000 | 26,508,600 |
Gross profit margin | 62.79% | 63.92% | 64.13% | 63.68% | 63.14% | 62.91% | 62.52% | 62.48% | 63.13% | 63.07% | 63.05% | 62.70% | 71.77% | 69.16% | 67.23% | 65.54% | 66.32% | 64.53% | 62.27% | 59.46% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $22,714,400K ÷ $36,176,200K
= 62.79%
Over the past few years, Starbucks Corporation's gross profit margin has shown relatively stable performance, ranging from a low of 59.46% in December 2019 to a high of 71.77% in September 2021. In the most recent period ending September 30, 2024, the gross profit margin was 62.79%. This indicates that for every dollar of revenue generated, Starbucks retains approximately 62.79 cents after accounting for the cost of goods sold.
The general trend shows that Starbucks has maintained gross profit margins above 60% consistently, reflecting the company's ability to effectively manage its production costs and pricing strategies. However, there was a significant spike in the gross profit margin in the first quarter of 2023, reaching 71.77%, which could be attributed to various factors such as favorable product mix, cost efficiencies, or pricing adjustments during that period.
Overall, the gross profit margin trend suggests that Starbucks has been able to maintain healthy profitability levels in its operations, indicating efficiency in managing the costs associated with producing and selling its products. Investors and stakeholders typically view a stable and healthy gross profit margin positively as it indicates the company's ability to generate profits from its core business activities.
Peer comparison
Sep 30, 2024