Stock Analysis on Net
Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

Common-Size Income Statement
Quarterly Data

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

Microsoft Excel
3 months ended: Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Jan 1, 2023 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Jan 2, 2022 Oct 3, 2021 Jun 27, 2021 Mar 28, 2021 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
Company-operated stores 82.28 81.93 82.42 81.91 81.29 82.02 81.91 82.20 83.50 84.26 84.88 84.78 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
Licensed stores 12.65 12.67 12.39 12.27 12.85 11.87 11.74 11.13 10.57 9.75 9.07 8.92 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
Other 5.07 5.40 5.19 5.83 5.86 6.11 6.35 6.67 5.93 5.99 6.05 6.30 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
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 -31.62 -31.29 -31.24 -32.13 -32.25 -32.22 -32.07 -32.29 -31.39 -30.58 -29.43 -29.88 -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
Store operating expenses -40.86 -39.70 -40.33 -41.70 -42.06 -42.13 -40.52 -43.41 -42.23 -40.18 -39.58 -42.34 -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
Cost of revenues -72.49% -70.99% -71.57% -73.83% -74.31% -74.35% -72.59% -75.70% -73.62% -70.76% -69.00% -72.22% -72.84% -75.13% -95.26% -78.71% -71.27% -72.45% -70.75% -72.21% -71.64% -70.47% -69.41% -71.38% -69.81%
Gross profit 27.51% 29.01% 28.43% 26.17% 25.69% 25.65% 27.41% 24.30% 26.38% 29.24% 31.00% 27.78% 27.16% 24.87% 4.74% 21.29% 28.73% 27.55% 29.25% 27.79% 28.36% 29.53% 30.59% 28.62% 30.19%
Other operating expenses -1.60 -1.55 -1.51 -1.45 -1.48 -1.46 -1.66 -1.33 -1.26 -1.33 -0.95 -1.32 -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
Depreciation and amortization expenses -3.88 -3.75 -3.73 -3.92 -3.75 -4.25 -4.38 -4.82 -4.55 -4.35 -4.73 -5.50 -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
General and administrative expenses -6.88 -6.78 -6.59 -7.11 -6.67 -6.39 -5.97 -6.31 -6.53 -6.15 -6.60 -6.96 -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
Restructuring and impairments 0.00 0.00 -0.08 -0.10 -0.07 -0.42 -0.17 -0.06 0.09 -0.68 -0.26 -0.34 -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
Income from equity investees 0.59 1.27 0.76 0.59 0.66 1.08 0.66 0.64 0.50 1.47 1.41 1.16 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
Gain from sale of assets 0.00 0.00 0.00 1.05 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
Operating income (loss) 15.76% 18.20% 17.28% 15.22% 14.38% 14.21% 15.90% 12.43% 14.63% 18.20% 19.86% 14.81% 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%
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 0.00 0.00 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
Net gain (loss) resulting from divestiture of certain operations 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.61 0.00 0.00 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
Interest income and other, net 0.36 0.32 0.23 0.21 0.13 0.37 0.24 0.61 0.00 0.26 0.48 0.26 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
Interest expense -1.49 -1.53 -1.54 -1.56 -1.49 -1.49 -1.51 -1.56 -1.43 -1.48 -1.51 -1.72 -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
Earnings (loss) before income taxes 14.63% 16.99% 15.97% 13.87% 13.03% 13.09% 14.63% 11.47% 13.20% 27.59% 18.83% 13.35% 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%
Income tax (expense) benefit -3.76 -3.99 -3.52 -3.46 -3.21 -2.65 -3.42 -2.63 -3.06 -5.93 -3.43 -3.46 -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
Net earnings (loss) including noncontrolling interests 10.87% 13.01% 12.45% 10.42% 9.81% 10.44% 11.21% 8.84% 10.14% 21.66% 15.40% 9.89% 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%
Net (earnings) loss attributable to noncontrolling interests 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 -0.01 0.00 0.00 -0.01 0.00 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
Net earnings (loss) attributable to Starbucks 10.87% 13.01% 12.45% 10.42% 9.81% 10.44% 11.20% 8.83% 10.13% 21.66% 15.39% 9.89% 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%

Based on: 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-Q (reporting date: 2023-01-01), 10-K (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-Q (reporting date: 2022-01-02), 10-K (reporting date: 2021-10-03), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-K (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-30), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-Q (reporting date: 2017-12-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Starbucks Corp. operating income (loss) as a percentage of net revenues increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
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. earnings (loss) before income taxes as a percentage of net revenues increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
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. net earnings (loss) attributable to Starbucks as a percentage of net revenues increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.