BJs Restaurants Inc (BJRI)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Gross profit (ttm) US$ in thousands 159,557 135,345 135,130 149,699 159,994 175,779 152,580 123,491 109,843 94,820 111,879 133,258 129,632 113,284 100,622 56,374 56,420 89,767 108,401 160,968
Revenue (ttm) US$ in thousands 1,357,302 1,336,598 1,329,540 1,329,283 1,333,229 1,353,746 1,346,450 1,326,477 1,283,926 1,231,042 1,201,874 1,162,460 1,087,038 992,774 909,481 747,222 778,510 872,573 952,425 1,125,491
Gross profit margin 11.76% 10.13% 10.16% 11.26% 12.00% 12.98% 11.33% 9.31% 8.56% 7.70% 9.31% 11.46% 11.93% 11.41% 11.06% 7.54% 7.25% 10.29% 11.38% 14.30%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $159,557K ÷ $1,357,302K
= 11.76%

BJs Restaurants Inc has shown fluctuating gross profit margins over the past few years. The gross profit margin measures the percentage of revenue that exceeds the cost of goods sold, indicating the company's efficiency in managing its production costs.

From March 31, 2020, to December 31, 2022, the gross profit margin decreased steadily from 14.30% to 8.56%, possibly due to increasing costs or pricing pressures. However, there was a slight improvement by March 31, 2023, to 9.31%. The company experienced a significant increase in the gross profit margin by September 30, 2023, reaching 12.98%, which may suggest effective cost control measures or improved sales mix.

Although there was a slight dip by December 31, 2023 (12.00%), the gross profit margin remained relatively stable around 11% for the following quarters up to December 31, 2024, where it stood at 11.76%. This stability could indicate the company's ability to maintain consistent profitability levels despite market challenges or cost fluctuations.

Overall, BJs Restaurants Inc's gross profit margin has shown both volatility and stability over the analyzed periods, reflecting the company's efforts to manage costs and optimize its profitability. Further analysis of the underlying factors driving these margin fluctuations would provide a more in-depth understanding of the company's financial performance.