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.
Starbucks Corp., consolidated income statement (quarterly data)
US$ in thousands
3 months ended:
Jun 30, 2024
Mar 31, 2024
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
7,516,000)
7,052,600)
7,755,200)
7,679,800)
7,556,700)
7,142,300)
7,083,500)
6,901,500)
6,675,500)
6,276,700)
6,722,400)
6,864,300)
6,363,100)
5,653,100)
5,726,500)
5,173,500)
3,444,400)
4,766,000)
5,780,700)
5,480,100)
5,535,000)
5,159,000)
5,370,300)
5,060,100)
5,060,400)
4,828,000)
4,741,800)
Licensed stores
1,129,000)
1,054,500)
1,192,100)
1,187,500)
1,136,200)
1,069,500)
1,119,500)
998,400)
956,800)
849,500)
850,800)
794,600)
680,200)
595,000)
613,800)
544,800)
300,500)
689,800)
792,000)
734,700)
725,000)
678,200)
737,100)
683,600)
660,600)
625,600)
682,400)
Other
468,900)
455,900)
478,000)
506,300)
475,400)
508,000)
510,900)
514,300)
517,800)
509,400)
477,200)
487,800)
453,200)
419,900)
409,100)
484,800)
477,200)
539,900)
524,400)
532,200)
563,000)
468,700)
525,300)
560,000)
589,300)
578,200)
649,500)
Net revenues
9,113,900)
8,563,000)
9,425,300)
9,373,600)
9,168,300)
8,719,800)
8,713,900)
8,414,200)
8,150,100)
7,635,600)
8,050,400)
8,146,700)
7,496,500)
6,668,000)
6,749,400)
6,203,100)
4,222,100)
5,995,700)
7,097,100)
6,747,000)
6,823,000)
6,305,900)
6,632,700)
6,303,700)
6,310,300)
6,031,800)
6,073,700)
Product and distribution costs
(2,740,900)
(2,648,700)
(2,980,600)
(2,933,000)
(2,864,200)
(2,801,700)
(2,810,200)
(2,711,100)
(2,613,600)
(2,465,800)
(2,526,900)
(2,491,200)
(2,206,000)
(1,992,400)
(2,049,100)
(1,976,800)
(1,484,000)
(1,997,700)
(2,236,400)
(355,800)
(2,808,600)
(2,603,800)
(2,758,700)
(2,600,700)
(2,554,900)
(2,516,000)
(2,502,900)
Store operating expenses
(3,829,100)
(3,724,100)
(3,851,500)
(3,721,400)
(3,697,600)
(3,636,000)
(3,665,300)
(3,544,600)
(3,302,500)
(3,314,700)
(3,400,000)
(3,273,400)
(2,966,900)
(2,823,300)
(2,867,300)
(2,683,300)
(2,537,800)
(2,721,400)
(2,821,500)
(4,532,500)
(2,018,500)
(1,949,600)
(1,993,000)
(1,841,600)
(1,825,000)
(1,789,600)
(1,737,000)
Cost of revenues
(6,570,000)
(6,372,800)
(6,832,100)
(6,654,400)
(6,561,800)
(6,437,700)
(6,475,500)
(6,255,700)
(5,916,100)
(5,780,500)
(5,926,900)
(5,764,600)
(5,172,900)
(4,815,700)
(4,916,400)
(4,660,100)
(4,021,800)
(4,719,100)
(5,057,900)
(4,888,300)
(4,827,100)
(4,553,400)
(4,751,700)
(4,442,300)
(4,379,900)
(4,305,600)
(4,239,900)
Gross profit
2,543,900)
2,190,200)
2,593,200)
2,719,200)
2,606,500)
2,282,100)
2,238,400)
2,158,500)
2,234,000)
1,855,100)
2,123,500)
2,382,100)
2,323,600)
1,852,300)
1,833,000)
1,543,000)
200,300)
1,276,600)
2,039,200)
1,858,700)
1,995,900)
1,752,500)
1,881,000)
1,861,400)
1,930,400)
1,726,200)
1,833,800)
Other operating expenses
(143,900)
(132,800)
(150,400)
(145,200)
(138,700)
(126,200)
(129,300)
(123,000)
(135,100)
(101,700)
(101,700)
(108,600)
(71,400)
(87,700)
(91,800)
(99,900)
(133,600)
(95,000)
(101,800)
(105,900)
(89,600)
(82,300)
(93,200)
(115,400)
(148,000)
(134,300)
(141,600)
Depreciation and amortization expenses
(380,400)
(371,900)
(365,300)
(351,400)
(342,200)
(341,900)
(327,100)
(357,400)
(356,800)
(367,700)
(366,000)
(354,600)
(354,300)
(366,700)
(366,100)
(363,000)
(361,000)
(356,300)
(351,000)
(344,600)
(343,100)
(356,200)
(333,400)
(326,600)
(330,000)
(331,600)
(258,800)
General and administrative expenses
(576,000)
(654,600)
(648,000)
(635,700)
(604,300)
(620,400)
(580,900)
(538,000)
(486,700)
(481,500)
(525,800)
(501,200)
(494,900)
(464,400)
(472,100)
(439,000)
(399,900)
(406,500)
(434,200)
(405,000)
(480,200)
(475,600)
(463,300)
(505,400)
(468,700)
(405,800)
(379,100)
Restructuring and impairments
—)
—)
—)
(100)
(7,100)
(8,800)
(5,800)
(35,100)
(14,000)
(4,400)
7,500)
(55,400)
(19,800)
(23,000)
(72,200)
(195,000)
(78,100)
700)
(6,300)
(11,900)
(37,700)
(43,000)
(43,200)
(45,200)
(16,900)
(134,700)
(27,600)
Income from equity investees
73,900)
68,000)
55,900)
119,500)
69,700)
51,400)
57,800)
90,600)
54,100)
49,100)
40,300)
120,000)
105,500)
77,100)
82,700)
112,300)
68,400)
67,900)
73,900)
91,900)
76,000)
62,300)
67,800)
87,700)
71,400)
52,700)
89,400)
Gain from sale of assets
—)
—)
—)
—)
—)
91,300)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
Operating income (loss)
1,517,500)
1,098,900)
1,485,400)
1,706,300)
1,583,900)
1,327,500)
1,253,100)
1,195,600)
1,295,500)
948,900)
1,177,800)
1,482,300)
1,488,700)
987,600)
913,500)
558,400)
(703,900)
487,400)
1,219,800)
1,083,200)
1,121,300)
857,700)
1,015,700)
956,500)
1,038,200)
772,500)
1,116,100)
Gain resulting from acquisition of joint venture
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
2,500)
47,600)
1,326,300)
Net gain (loss) resulting from divestiture of certain operations
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
864,500)
—)
—)
—)
—)
—)
—)
—)
—)
601,800)
21,000)
—)
2,900)
—)
(4,900)
501,200)
Interest income and other, net
28,100)
34,100)
33,800)
29,900)
21,300)
18,400)
11,600)
31,000)
19,800)
46,300)
(100)
21,300)
36,000)
17,300)
15,500)
9,100)
12,700)
2,000)
15,900)
16,300)
40,200)
15,200)
24,800)
36,200)
31,500)
35,500)
88,200)
Interest expense
(141,300)
(140,600)
(140,100)
(143,200)
(140,900)
(136,300)
(129,700)
(125,400)
(123,100)
(119,100)
(115,300)
(120,700)
(113,400)
(115,000)
(120,700)
(125,100)
(120,800)
(99,200)
(91,900)
(95,700)
(86,400)
(73,900)
(75,000)
(63,900)
(45,400)
(35,100)
(25,900)
Earnings (loss) before income taxes
1,404,300)
992,400)
1,379,100)
1,593,000)
1,464,300)
1,209,600)
1,135,000)
1,101,200)
1,192,200)
876,100)
1,062,400)
2,247,400)
1,411,300)
889,900)
808,300)
442,400)
(812,000)
390,200)
1,143,800)
1,003,800)
1,676,900)
820,000)
965,500)
931,700)
1,026,800)
815,600)
3,005,900)
Income tax (expense) benefit
(348,600)
(219,900)
(354,700)
(373,700)
(322,400)
(301,300)
(279,800)
(222,600)
(278,500)
(201,100)
(246,300)
(482,900)
(257,100)
(230,500)
(186,100)
(49,700)
133,900)
(65,400)
(258,500)
(201,600)
(303,700)
(161,200)
(205,100)
(175,600)
(174,800)
(155,800)
(755,800)
Net earnings (loss) including noncontrolling interests
1,055,700)
772,500)
1,024,400)
1,219,300)
1,141,900)
908,300)
855,200)
878,600)
913,700)
675,000)
816,100)
1,764,500)
1,154,200)
659,400)
622,200)
392,700)
(678,100)
324,800)
885,300)
802,200)
1,373,200)
658,800)
760,400)
756,100)
852,000)
659,800)
2,250,100)
Net (earnings) loss attributable to noncontrolling interests
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 decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
Operating income (loss)
The net result for the period of deducting operating expenses from operating revenues.
Starbucks Corp. operating income (loss) decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
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 decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
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 decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
