Starbucks Corporation (SBUX)
Pretax margin
Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
---|---|---|---|---|---|---|
Earnings before tax but after interest (EBT) | US$ in thousands | 5,401,700 | 4,230,100 | 5,355,900 | 1,168,000 | 4,470,800 |
Revenue | US$ in thousands | 35,975,600 | 32,250,300 | 29,060,600 | 23,518,000 | 26,508,600 |
Pretax margin | 15.01% | 13.12% | 18.43% | 4.97% | 16.87% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $5,401,700K ÷ $35,975,600K
= 15.01%
The pretax margin of Starbucks Corporation has fluctuated over the past five years, ranging from a low of 4.97% in 2020 to a high of 18.43% in 2021. In 2023, the pretax margin improved to 15.01%, showing an increase from the previous year. This indicates that Starbucks has been able to effectively manage its expenses and generate more income before taxes in relation to its total revenue. Overall, the trend in pretax margin demonstrates the company's ability to maintain profitability and efficiency in its operations over the years.
Peer comparison
Sep 30, 2023
Company name
Symbol
Pretax margin
Starbucks Corporation
SBUX
15.01%
Shake Shack Inc
SHAK
1.50%
The Wendy’s Co
WEN
12.81%