Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)


Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Starbucks Corp., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Company-operated stores
Licensed stores
Net revenues
Product and distribution costs
Wages and benefits
Occupancy costs
Other expenses
Store operating expenses (legacy)
Store operating expenses
Cost of revenues
Gross profit
Other operating expenses
Depreciation and amortization expenses
General and administrative expenses
Restructuring and impairments
Income from equity investees
Gain from sale of assets
Operating income
Gain resulting from acquisition of joint venture
Net gain resulting from divestiture of certain operations
Interest income and other, net
Interest expense
Earnings before income taxes
Income tax expense
Net earnings including noncontrolling interests
Net (earnings) loss attributable to noncontrolling interests
Net earnings attributable to Starbucks

Based on: 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), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

Income statement item Description The company
Net revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Starbucks Corp. net revenues increased from 2021 to 2022 and from 2022 to 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Starbucks Corp. operating income decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Earnings 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 before income taxes decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net earnings 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 attributable to Starbucks decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.