Starbucks Corporation (SBUX)
Gross profit margin
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 20,234,700 | 19,616,400 | 18,816,800 | 18,097,400 | 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 | 15,318,400 | 18,475,300 |
| Revenue (ttm) | US$ in thousands | 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 | 26,065,200 | 25,552,500 |
| Gross profit margin | 55.15% | 54.53% | 53.74% | 53.23% | 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% | 58.77% | 72.30% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $20,234,700K ÷ $36,687,000K
= 55.15%
The gross profit margin of Starbucks Corp. has remained consistent at 100.00% throughout the year 2023. This indicates that the company has been able to maintain a high level of profitability in its core business operations, as it is generating a significant margin between its cost of goods sold and its revenue. This stability in the gross profit margin suggests that the company is effectively managing its production and procurement costs while also maintaining pricing power in the market. Overall, the consistent gross profit margin reflects positively on Starbucks Corp.'s ability to generate profits from its primary activities.
Peer comparison
Dec 31, 2023