Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

Analysis of Revenues 

Microsoft Excel

Revenues as Reported

Starbucks Corp., income statement, revenues

US$ in thousands

Microsoft Excel
12 months ended: Sep 28, 2025 Sep 29, 2024 Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020
Beverage 22,539,900 21,883,900 21,684,800 19,555,300 18,317,000 14,337,500
Food 7,049,900 6,749,200 6,585,100 5,804,200 5,053,400 3,799,200
Other 7,594,600 7,543,100 7,705,700 6,890,800 5,690,200 5,381,300
Net revenues 37,184,400 36,176,200 35,975,600 32,250,300 29,060,600 23,518,000

Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27).


The annual revenue data demonstrates a consistent growth trend across all major product categories and the total net revenues over the analyzed periods.

Beverage Revenues
Beverage revenues show a steady and substantial increase from the earliest period to the latest, rising from approximately $14.34 billion to $22.54 billion. This reflects a strong and continued consumer demand for beverages, contributing significantly to overall revenue growth.
Food Revenues
Food revenues also exhibit a marked upward trajectory, growing from around $3.80 billion to nearly $7.05 billion. The increase is consistent across the timeline, suggesting successful expansion or enhanced sales in the food segment.
Other Revenues
Revenues categorized as "Other" have likewise increased over the periods, moving from approximately $5.38 billion to about $7.59 billion. However, this growth appears more moderate compared to beverages and food, with a slight dip observed before the last recorded period, indicating possible fluctuations in ancillary revenue streams.
Net Revenues
Overall net revenues have shown robust growth, increasing from roughly $23.52 billion to $37.18 billion across the years. The growth trajectory confirms that the cumulative effect of increases in beverage, food, and other categories effectively drives total revenue higher each period.