STARBUCKS CORPORATION Reports 12.5% Increase in Revenue for Q3 of Fiscal Year 2023
August 24, 2023
☀️Earnings Overview
For the fiscal year 2023 third quarter ending on June 30th, STARBUCKS CORPORATION ($NASDAQ:SBUX) reported total revenue of USD 9168.3 million, which is a 12.5% increase from the same period in 2022. Additionally, the company posted a net income of USD 1141.7 million, a 25.1% year-over-year increase.
Analysis
GoodWhale’s analysis of STARBUCKS CORPORATION‘s financials shows that it can be classified as a ‘gorilla’, indicating that it has achieved stable and high revenue/earning growth due to its strong competitive advantage. This makes STARBUCKS CORPORATION an attractive investment for investors looking for a consistent return. The company also has a strong dividend yield, medium growth, medium profitability and weak assets. Moreover, STARBUCKS CORPORATION has a high health score of 8/10 with regards to its cashflows and debt, meaning it is sufficiently capable in sustaining future operations even in times of crisis. Thus, investors interested in consistent returns and security should consider investing in STARBUCKS CORPORATION. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Starbucks Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 35.02k | 3.78k | 10.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Starbucks Corporation. More…
| Operations | Investing | Financing |
| 5.16k | -2.18k | -2.68k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Starbucks Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 28.73k | 37.07k | -7.29 |
Key Ratios Snapshot
Some of the financial key ratios for Starbucks Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.3% | 39.1% | 15.5% |
| FCF Margin | ROE | ROA |
| 8.5% | -40.4% | 11.8% |
Peers
In the fast-paced world of coffee, there are always new challengers trying to take down the reigning champion, Starbucks Corp. In recent years, McDonald’s Corp, Domino’s Pizza Inc, and Chipotle Mexican Grill Inc have all made moves to try and capture a larger share of the market. While each company has its own unique approach, they all share one common goal: to unseat Starbucks as the king of coffee.
– McDonald’s Corp ($NYSE:MCD)
McDonald’s Corp is a fast food restaurant chain. The company was founded in 1940 as a barbecue restaurant operated by Richard and Maurice McDonald. In 1948, they introduced the Speedee Service System, which was a precursor to the fast food restaurant. The company began franchising in 1955 and now operates over 36,000 restaurants in more than 100 countries. McDonald’s Corp has a market cap of 181.34B as of 2022, a Return on Equity of -90.17%. The company has been struggling in recent years with declining same store sales and increased competition from other fast food chains.
– Domino’s Pizza Inc ($NYSE:DPZ)
Domino’s Pizza Inc is a publicly traded company with a market cap of 11.37B as of 2022. The company has a Return on Equity of -11.44%. Domino’s Pizza Inc is a pizza delivery company. The company was founded in 1960 and is headquartered in Ann Arbor, Michigan.
– Chipotle Mexican Grill Inc ($NYSE:CMG)
Chipotle Mexican Grill Inc is a American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France. As of December 31, 2020, there were 2,742 Chipotle restaurants in operation.
The company has a market cap of 42.81B as of 2022 and a Return on Equity of 27.52%. Chipotle Mexican Grill Inc is a company that focuses on providing its customers with a fast casual dining experience. The company has been able to grow its market cap and ROE through its expansion into new markets and by providing a quality product and dining experience to its customers.
Summary
In the third quarter of the fiscal year 2023, STARBUCKS CORPORATION experienced strong financial growth. Total revenue was up 12.5% year-on-year to USD 9168.3 million, while net income rose 25.1% to USD 1141.7 million. This quarter’s impressive performance signals a strong foundation for future growth, making STARBUCKS an attractive investment opportunity for those looking for a profitable and reliable company. Investors can be confident that the company’s current performance is indicative of continued success in the near future.
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