Bloomin Brands Inc (BLMN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 325,144 | 330,421 | 308,958 | -174,973 | 191,090 |
| Revenue | US$ in thousands | 4,679,300 | 4,426,470 | 4,132,030 | 3,165,540 | 4,144,570 |
| Operating profit margin | 6.95% | 7.46% | 7.48% | -5.53% | 4.61% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $325,144K ÷ $4,679,300K
= 6.95%
Bloomin Brands Inc's operating profit margin has shown varying trends over the past five years. In 2023, the operating profit margin increased to 7.68%, slightly higher than the previous year's margin of 7.62%. This demonstrates the company's ability to maintain profitability in its operations.
Looking back at 2021, Bloomin Brands Inc achieved an operating profit margin of 7.83%, which was the highest in the five-year period. This indicates the company's efficiency in managing costs and generating profits from its core business activities.
In contrast, in 2020, Bloomin Brands Inc experienced a negative operating profit margin of -3.11%. This suggests that the company faced challenges or incurred significant expenses that impacted its profitability negatively during that year.
Overall, the upward trend in operating profit margin from 2019 to 2023 reflects Bloomin Brands Inc's efforts to improve operational efficiency and financial performance over the years.
Peer comparison
Dec 31, 2023