Starbucks Corporation (SBUX)

Operating profit margin

Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019
Operating income US$ in thousands 5,870,800 4,617,800 4,872,100 1,561,700 4,077,900
Revenue US$ in thousands 35,975,600 32,250,300 29,060,600 23,518,000 26,508,600
Operating profit margin 16.32% 14.32% 16.77% 6.64% 15.38%

September 30, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $5,870,800K ÷ $35,975,600K
= 16.32%

The operating profit margin of Starbucks Corporation has shown fluctuations over the past five years. In the most recent fiscal year ending September 30, 2023, the operating profit margin increased to 16.32%, up from 14.32% in the previous year. This improvement indicates that Starbucks was able to generate more operating profit for every dollar of sales, reflecting efficient cost management and potentially higher sales volumes.

Comparing this recent performance to the trend over the five-year period, the operating profit margin was highest in fiscal year 2021 at 16.77%, followed by the latest year. In fiscal year 2020, the margin was notably lower at 6.64%, possibly due to increased operating expenses or a decline in sales.

Overall, the upward trend in operating profit margin in recent years suggests that Starbucks has been successful in managing its operating costs and improving operational efficiency. However, it is important to continue monitoring this metric to ensure sustained profitability and performance in the future.


Peer comparison

Sep 30, 2023

Company name
Symbol
Operating profit margin
Starbucks Corporation
SBUX
16.32%
Shake Shack Inc
SHAK
0.55%
The Wendy’s Co
WEN
17.51%

See also:

Starbucks Corporation Operating Profit Margin