Bloomin Brands Inc (BLMN)

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	1,115,567	629,434	650,386	729,038	810,359	791,870	781,054	767,273	740,754	736,681	701,174	749,574	731,702	646,925	617,347	394,850	335,998	394,775	446,069	598,894
Revenue (ttm)	US$ in thousands	4,324,990	4,547,170	4,588,230	4,622,050	4,671,470	4,572,320	4,548,250	4,520,720	4,416,510	4,368,540	4,323,240	4,275,450	4,122,383	3,887,808	3,648,608	3,149,697	3,170,564	3,380,239	3,576,123	4,019,594
Gross profit margin		25.79%	13.84%	14.18%	15.77%	17.35%	17.32%	17.17%	16.97%	16.77%	16.86%	16.22%	17.53%	17.75%	16.64%	16.92%	12.54%	10.60%	11.68%	12.47%	14.90%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,115,567K ÷ $4,324,990K
= 25.79%

The gross profit margin of Bloomin Brands Inc has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The trend shows a general decline in the gross profit margin from 14.90% in March 2020 to a low of 10.60% by December 2020. However, there was a significant recovery beginning in March 2021, with the margin increasing to 17.75% by December 2021.

Subsequently, the gross profit margin remained relatively stable, hovering around the mid to high teens, with some fluctuations but no significant downward trends. Notably, there was a spike in the gross profit margin to 25.79% by December 31, 2024, which marked a substantial increase compared to the previous periods.

Overall, the gross profit margin of Bloomin Brands Inc has shown variability but generally improved over the period under consideration. It is important to further analyze the underlying factors contributing to these fluctuations to gain a more comprehensive understanding of the company's financial performance.