Stock Analysis on Net
Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

Common-Size Income Statement
Quarterly Data

Beginner level

Starbucks Corp., common-size consolidated income statement (quarterly data)

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3 months ended: Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014
Company-operated stores 84.84 83.40 81.58 79.49 81.45 81.22 81.12 81.81 80.97 80.27 80.19 80.04 78.07 78.57 79.64 79.25 77.96 78.93 79.83 78.99 78.36 79.08 80.21 79.39 78.55
Licensed stores 9.09 8.78 7.12 11.50 11.16 10.89 10.63 10.76 11.11 10.84 10.47 10.37 11.24 10.84 10.39 10.33 10.51 10.39 10.06 9.88 10.06 9.80 9.74 9.23 10.07
Other 6.06 7.82 11.30 9.00 7.39 7.89 8.25 7.43 7.92 8.88 9.34 9.59 10.69 10.60 9.97 10.43 11.53 10.68 10.10 11.13 11.58 11.12 10.06 11.38 11.38
Net revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Product and distribution costs -30.36 -31.87 -35.15 -33.32 -31.51 -5.27 -41.16 -41.29 -41.59 -41.26 -40.49 -41.71 -41.21 -41.29 -39.73 -40.45 -40.03 -39.47 -39.33 -40.26 -40.68 -40.34 -40.03 -40.75 -41.46
Gross profit 69.64% 68.13% 64.85% 66.68% 68.49% 94.73% 58.84% 58.71% 58.41% 58.74% 59.51% 58.29% 58.79% 58.71% 60.27% 59.55% 59.97% 60.53% 60.67% 59.74% 59.32% 59.66% 59.97% 59.25% 58.54%
Store operating expenses -42.48 -43.26 -60.11 -45.39 -39.76 -67.18 -29.58 -30.92 -30.05 -29.21 -28.92 -29.67 -28.60 -28.78 -28.77 -29.97 -28.58 -27.36 -29.20 -29.37 -28.03 -28.05 -28.53 -29.03 -27.39
Other operating expenses -1.36 -1.61 -3.16 -1.58 -1.43 -1.57 -1.31 -1.31 -1.41 -1.83 -2.35 -2.23 -2.33 -2.30 -2.52 -2.54 -2.54 -2.14 -2.63 -2.80 -2.72 -2.60 -2.70 -2.93 -2.69
Depreciation and amortization expenses -5.42 -5.85 -8.55 -5.94 -4.95 -5.11 -5.03 -5.65 -5.03 -5.18 -5.23 -5.50 -4.26 -4.48 -4.46 -4.79 -4.36 -4.38 -4.73 -4.96 -4.38 -4.77 -4.85 -4.76 -4.29
General and administrative expenses -6.99 -7.08 -9.47 -6.78 -6.12 -6.00 -7.04 -7.54 -6.99 -8.02 -7.43 -6.73 -6.24 -6.76 -5.74 -6.17 -6.22 -7.02 -6.17 -6.62 -5.69 -6.18 -5.91 -6.70 -6.21
Restructuring and impairments -1.07 -3.14 -1.85 0.01 -0.09 -0.18 -0.55 -0.68 -0.65 -0.72 -0.27 -2.23 -0.45 -0.58 -2.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income from equity investees 1.23 1.81 1.62 1.13 1.04 1.36 1.11 0.99 1.02 1.39 1.13 0.87 1.47 2.14 1.78 1.59 1.47 1.86 1.58 1.31 1.19 1.67 1.24 1.20 1.10
Operating income (loss) 13.53% 9.00% -16.67% 8.13% 17.19% 16.05% 16.43% 13.60% 15.31% 15.17% 16.45% 12.81% 18.38% 17.94% 18.44% 17.67% 19.76% 21.49% 19.52% 17.31% 19.69% 19.72% 19.23% 17.04% 19.06%
Gain resulting from acquisition of joint venture 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.79 21.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.13
Net gain (loss) resulting from divestiture of certain operations 0.00 0.00 0.00 0.00 0.00 0.00 8.82 0.33 0.00 0.05 0.00 -0.08 8.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loss on extinguishment of debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.24 0.00 0.00 0.00
Interest income and other, net 0.23 0.15 0.30 0.03 0.22 0.24 0.59 0.24 0.37 0.57 0.50 0.59 1.45 2.66 0.56 1.28 0.42 0.22 1.39 0.29 0.15 0.13 0.52 0.03 0.20
Interest expense -1.79 -2.02 -2.86 -1.65 -1.29 -1.42 -1.27 -1.17 -1.13 -1.01 -0.72 -0.58 -0.43 -0.39 -0.42 -0.43 -0.42 -0.43 -0.42 -0.37 -0.31 -0.37 -0.39 -0.37 -0.34
Earnings (loss) before income taxes 11.98% 7.13% -19.23% 6.51% 16.12% 14.88% 24.58% 13.00% 14.56% 14.78% 16.27% 13.52% 49.49% 20.21% 18.59% 18.52% 19.76% 21.28% 20.49% 17.23% 19.53% 18.24% 19.36% 16.70% 27.05%
Income tax (expense) benefit -2.76 -0.80 3.17 -1.09 -3.64 -2.99 -4.45 -2.56 -3.09 -2.79 -2.77 -2.58 -12.44 -6.36 -6.38 -6.19 -6.65 -7.24 -6.09 -5.72 -6.73 -4.96 -6.53 -5.84 -6.56
Net earnings (loss) including noncontrolling interests 9.22% 6.33% -16.06% 5.42% 12.47% 11.89% 20.13% 10.45% 11.46% 11.99% 13.50% 10.94% 37.05% 13.85% 12.21% 12.33% 13.11% 14.04% 14.40% 11.52% 12.80% 13.28% 12.83% 10.86% 20.50%
Net (earnings) loss attributable to noncontrolling interests 0.00 0.00 -0.01 0.06 0.01 0.01 -0.01 0.07 0.00 -0.01 0.01 0.00 0.00 -0.01 0.01 0.00 0.01 -0.01 -0.01 0.00 0.00 0.00 0.00 -0.02 -0.03
Net earnings (loss) attributable to Starbucks 9.22% 6.33% -16.07% 5.48% 12.48% 11.90% 20.12% 10.52% 11.47% 11.99% 13.51% 10.94% 37.05% 13.84% 12.22% 12.33% 13.11% 14.02% 14.40% 11.52% 12.80% 13.28% 12.84% 10.84% 20.47%

Based on: 10-Q (filing date: 2021-01-26), 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Starbucks Corp.’s operating income (loss) as a percentage of net revenues increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Earnings (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Starbucks Corp.’s earnings (loss) before income taxes as a percentage of net revenues increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Net earnings (loss) attributable to Starbucks The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Starbucks Corp.’s net earnings (loss) attributable to Starbucks as a percentage of net revenues increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.