I was surprised too, but then I found this vvv. This people are making 25 billion profit which now makes sense for the comparatively low percentage

https://www.macrotrends.net/stocks/charts/SBUX/starbucks/gross-profit

• Starbucks gross profit for the quarter ending March 31, 2024 was $5.914B, a 0.06% decline year-over-year.
• Starbucks gross profit for the twelve months ending March 31, 2024 was $25.104B, a 8.86% increase year-over-year.
• Starbucks annual gross profit for 2023 was $24.567B, a 12.01% increase from 2022.
• Starbucks annual gross profit for 2022 was $21.933B, a 7.93% increase from 2021.
• Starbucks annual gross profit for 2021 was $20.322B, a 28.43% increase from 2020.