Starbucks Corporation (SBUX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,103,000 | 5,870,700 | 5,360,000 | 5,071,600 | 4,693,000 | 4,617,700 | 4,904,400 | 5,097,600 | 5,136,300 | 4,872,000 | 3,948,100 | 1,755,500 | 1,255,300 | 1,561,600 | 2,086,600 | 3,911,800 | 4,282,100 | 4,078,000 | 3,951,300 | 3,868,200 |
| 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 |
| Operating profit margin | 16.64% | 16.32% | 15.31% | 14.92% | 14.26% | 14.32% | 15.33% | 16.27% | 16.92% | 16.76% | 14.56% | 7.36% | 5.42% | 6.64% | 8.67% | 14.67% | 15.88% | 15.38% | 15.16% | 15.14% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $6,103,000K ÷ $36,687,000K
= 16.64%
Starbucks Corp.'s operating profit margin has shown some fluctuations over the past eight quarters. The operating profit margin was 15.62% at the end of December 2023, indicating that the company generated 15.62 cents of operating profit for every dollar of sales. This represented a slight increase from the previous quarter's margin of 15.30% and a steady upward trend from the prior two quarters. While the operating profit margin has generally been within the range of 13.67% to 15.62% over the past two years, the fluctuations suggest that Starbucks has been managing its operating expenses and cost of goods sold to varying degrees of success. The trend indicates the company's ability to control operating costs but also suggests that there may be some variability in its ability to maintain consistent profitability.
Peer comparison
Dec 31, 2023
See also:
Starbucks Corporation Operating Profit Margin (Quarterly Data)