Bloomin Brands Inc (BLMN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,802,620 | 810,159 | 740,754 | 731,702 | 335,998 |
| Revenue | US$ in thousands | 3,950,480 | 4,671,470 | 4,416,510 | 4,122,380 | 3,170,560 |
| Gross profit margin | 70.94% | 17.34% | 16.77% | 17.75% | 10.60% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,802,620K ÷ $3,950,480K
= 70.94%
Bloomin Brands Inc's gross profit margin has shown variability over the years. The margin was at 10.60% on December 31, 2020, indicating that the company was generating $0.10 of gross profit for every dollar in sales. The margin increased to 17.75% by December 31, 2021, reflecting improvement in the company's ability to control its cost of goods sold.
In the following years, the gross profit margin fluctuated but remained relatively stable overall. By December 31, 2024, the margin significantly jumped to 70.94%, suggesting a substantial increase in profitability and efficiency in managing production costs.
Overall, Bloomin Brands Inc's gross profit margin trended positively, showing an improvement in operational efficiency and potentially enhanced pricing strategies. It is essential for the company to sustain or further enhance this margin to ensure profitability and competitiveness in the market.
Peer comparison
Dec 31, 2024