Bloomin Brands Inc (BLMN)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,650,100	1,548,370	1,465,940	1,895,860	2,561,030
Revenue	US$ in thousands	4,679,300	4,426,470	4,132,030	3,165,540	4,144,570
Gross profit margin		35.26%	34.98%	35.48%	59.89%	61.79%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,650,100K ÷ $4,679,300K
= 35.26%

Bloomin Brands Inc has shown a consistent trend in its gross profit margin over the past five years. The company's gross profit margin ranged from 68.67% to 70.17% during this period, indicating a relatively stable performance in generating profits from its core business activities. The highest gross profit margin of 70.17% was recorded in 2021, while the lowest margin of 68.67% was observed in 2022. Overall, the company has maintained an average gross profit margin of approximately 69.36% over the five-year period, reflecting a strong ability to control its cost of goods sold and effectively manage its pricing strategies.