Starbucks (SBUX) Gross Margin (2009 - 2020)
Starbucks (SBUX) posted Gross Margin of 66.68% for fiscal Q2 2020 (quarter ended Mar 29, 2020), down 1.41 percentage points from 68.09% a year earlier and down 1.81 percentage points from the prior quarter.
Starbucks (SBUX) Gross Margin (2009 - 2020) Analysis & Trends
For the trailing twelve months through Mar 29, 2020, Gross Margin at Starbucks was 72.25%, up 0.05 percentage points year-over-year; for FY2019 (ended Sep 29, 2019), it was 67.83%, down 0.08 percentage points from FY2018.
- Annual Gross Margin shows a five-year change of +9.53 percentage points (FY2014 to FY2019).
- In prior fiscal years, Starbucks' Gross Margin was 67.92% in FY2018 (-0.52 pp), 68.44% in FY2017 (+8.36 pp), 60.08% in FY2016 (+0.72 pp) and 59.36% in FY2015 (+1.06 pp).
- Quarterly Gross Margin has run from a low of 58.31% in fiscal Q2 2018 to a high of 94.73% in fiscal Q4 2019 over five years.
- On a year-over-year basis, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +2.25 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was fiscal Q4 2017, with a gain of 32.76 percentage points; the weakest was fiscal Q2 2020, with a drop of 1.41 percentage points.
- According to Business Quant data, Gross Margin for the three prior fiscal quarters was 68.49% (Q1 2020), 94.73% (Q4 2019) and 58.84% (Q3 2019).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 171.75 Bn | 166.57 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 109.77 Bn | 97.39 Bn | - | - |
| 3 | Yum Brands | 41.45 Bn | 38.34 Bn | 1.47 Bn | 67.73% |
| 4 | Chipotle Mexican Grill | 39.14 Bn | 35.12 Bn | - | - |
| 5 | Restaurant Brands International | 25.78 Bn | 21.34 Bn | 1.38 Bn | 54.64% |
| 6 | Darden Restaurants | 24.33 Bn | 23.43 Bn | 1.68 Bn | 52.65% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 54.64% |
| 8 | Yum China Holdings | 15.56 Bn | 9.22 Bn | 537.00 Mn | 17.11% |
| 9 | Texas Roadhouse | 11.21 Bn | 10.55 Bn | - | - |
| 10 | Luckin Coffee | 10.73 Bn | 9.81 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Mar 29, 2020 | 66.68% |
| Dec 29, 2019 | 68.49% |
| Sep 29, 2019 | 94.73% |
| Jun 30, 2019 | 58.84% |
| Mar 31, 2019 | 68.09% |
| Dec 30, 2018 | 67.20% |
| Sep 30, 2018 | 94.27% |
| Jul 1, 2018 | 59.54% |
| Apr 1, 2018 | 58.31% |
| Dec 31, 2017 | 58.81% |
| Oct 1, 2017 | 93.32% |
| Jul 2, 2017 | 60.27% |
| Apr 2, 2017 | 59.55% |
| Jan 1, 2017 | 59.97% |
| Oct 2, 2016 | 60.57% |
| Jun 26, 2016 | 60.67% |
| Mar 27, 2016 | 59.74% |
| Dec 27, 2015 | 59.32% |
| Sep 27, 2015 | 59.66% |
| Jun 28, 2015 | 59.97% |
Starbucks Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SBUX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SBUX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SBUX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();