BJs Restaurants Inc (BJRI)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	321,245	324,845	317,766	305,184	343,767	332,193	325,138	318,998	306,178	438,618	417,119	353,933	358,584	452,647	671,090	944,234	1,161,450	1,150,906	1,142,435	1,128,979
Revenue (ttm)	US$ in thousands	1,329,435	1,353,770	1,346,842	1,327,541	1,284,356	1,228,368	1,198,798	1,158,226	1,082,036	988,731	906,786	744,179	775,398	869,461	949,012	1,124,020	1,161,450	1,150,906	1,142,435	1,128,979
Gross profit margin		24.16%	24.00%	23.59%	22.99%	26.77%	27.04%	27.12%	27.54%	28.30%	44.36%	46.00%	47.56%	46.25%	52.06%	70.71%	84.01%	100.00%	100.00%	100.00%	100.00%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $321,245K ÷ $1,329,435K
= 24.16%

The gross profit margin of BJs Restaurants Inc has exhibited fluctuations over the periods presented. The trend indicates a decline from 52.06% in December 2020 to 22.99% in March 2023, followed by a slight increase to 24.16% in December 2023. This variability may suggest changes in the company's cost structure, pricing strategy, or competitive landscape. Additionally, the significant drop in gross profit margin from 2020 to 2021, where it went from 52.06% to 28.30%, could indicate operational challenges or external factors impacting profitability. Further analysis is needed to understand the factors contributing to these fluctuations and their potential implications for the company's financial performance and competitiveness in the restaurant industry.