Bloomin Brands Inc (BLMN)

Net 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
Net income (ttm)	US$ in thousands	247,386	262,161	249,619	117,707	101,907	104,561	76,024	222,204	215,555	140,645	119,559	-55,242	-158,715	-116,500	-89,615	31,662	130,573	113,476	108,300	106,000
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
Net profit margin		5.29%	5.72%	5.48%	2.60%	2.30%	2.39%	1.75%	5.18%	5.22%	3.61%	3.27%	-1.75%	-5.02%	-3.45%	-2.51%	0.79%	3.15%	2.75%	2.62%	2.56%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $247,386K ÷ $4,679,310K
= 5.29%

The net profit margin of Bloomin Brands Inc has shown some variability over the past eight quarters. In Q4 2023, the net profit margin was 5.30%, slightly lower than the 5.73% reported in Q3 2023. This decrease indicates a potential decline in profitability compared to the previous quarter. However, when compared to the same quarter last year, Q4 2023 has shown improvement as the net profit margin was 2.31% in Q4 2022.

Looking at the trend over the four quarters within 2023, there has been some fluctuation in the net profit margin from a low of 2.60% in Q1 2023 to a high of 5.73% in Q3 2023. Despite the fluctuations, the company has managed to maintain a positive net profit margin throughout the year.

In comparison to Q2 and Q1 2022, the net profit margins for Q2 and Q1 2023 were higher, indicating improved profitability for those quarters. However, Q4 2022 had a higher net profit margin of 5.20% compared to Q4 2023.

Overall, despite some fluctuations, Bloomin Brands Inc has managed to maintain a reasonable level of profitability as evidenced by the positive net profit margins. Further analysis and monitoring are required to understand the factors driving these fluctuations and to ensure sustained profitability in the future.