Bloomin Brands Inc (BLMN)

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	1,650,095	1,626,647	1,609,080	1,590,644	1,548,369	1,508,978	1,503,392	1,809,876	2,036,093	2,491,634	2,616,256	2,260,916	2,207,859	2,417,534	2,533,663	2,825,106	2,945,068	2,935,998	2,922,966	3,323,586
Revenue (ttm)	US$ in thousands	4,679,310	4,580,330	4,556,330	4,529,720	4,426,460	4,378,390	4,333,920	4,286,530	4,131,506	3,894,401	3,652,333	3,150,732	3,162,916	3,372,591	3,568,503	4,011,874	4,139,784	4,130,714	4,128,191	4,138,071
Gross profit margin		35.26%	35.51%	35.32%	35.12%	34.98%	34.46%	34.69%	42.22%	49.28%	63.98%	71.63%	71.76%	69.80%	71.68%	71.00%	70.42%	71.14%	71.08%	70.81%	80.32%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,650,095K ÷ $4,679,310K
= 35.26%

Bloomin Brands Inc's gross profit margin has demonstrated a generally stable trend over the past eight quarters, ranging between 68.45% and 69.82%. This indicates that the company has been able to efficiently manage its cost of goods sold relative to its sales revenues during this period. The highest gross profit margin of 69.82% was observed in Q4 2023, reflecting robust profitability in that quarter. Overall, the consistent levels of gross profit margin suggest that Bloomin Brands Inc has been effectively controlling its production costs and pricing strategies to maintain healthy margins.