2 ms·

Starbucks' revenue in 2022 was $33B. Their profit was $22B. That is an incredibly high margin for retail. These jobs wouldn't evaporate if Starbucks was payin

by klyrs 3y ago

Starbucks' revenue in 2022 was $33B. Their profit was $22B. That is an incredibly high margin for retail. These jobs wouldn't evaporate if Starbucks was paying a living wage.

DaveExeter 3y ago
Where did you get those numbers from? Obviously Starbucks has massive margins but I can't imagine that massive!
- allset_ 3y ago
  Not OP, but it's easy to find these numbers as it's a publicly traded company. https://www.macrotrends.net/stocks/charts/SBUX/starbucks/gross-profit https://www.macrotrends.net/stocks/charts/SBUX/starbucks/gro... https://investor.starbucks.com/press-releases/financial-releases/press-release-details/2022/Starbucks-Reports-Q4-and-Full-Year-Fiscal-2022-Results/default.aspx https://investor.starbucks.com/press-releases/financial-rele...
  - OnlyLys 3y ago
    I'm not an accounting professional, but the official Starbucks report says that for fiscal year 2022, their "GAAP Operating Margin" was 14.3%. That seems to contradict the macrotrends.net website, no?
    - allset_ 3y ago
      You are correct it seems to be incorrect, apologies. That's what I get for not looking closely (and trusting Google search to promote factual info in the info cards).
    - klyrs 3y ago
      No, there isn't a contradiction here. GAAP Operating Margin is smaller than Gross Margin by definition.