Hacker News Reader

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.

View on HN

Where did you get those numbers from?

Obviously Starbucks has massive margins but I can't imagine that massive!

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/gro...

https://investor.starbucks.com/press-releases/financial-rele...

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?

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).

No, there isn't a contradiction here. GAAP Operating Margin is smaller than Gross Margin by definition.

Reply on news.ycombinator.com