Bloomin Brands Inc (BLMN)

Operating 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
Operating income (ttm)	US$ in thousands	325,144	352,432	345,525	343,798	330,421	324,770	288,298	325,216	308,958	223,234	194,142	-42,407	-174,973	-124,557	-88,344	67,028	191,090	169,333	159,912	149,376
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
Operating profit margin		6.95%	7.69%	7.58%	7.59%	7.46%	7.42%	6.65%	7.59%	7.48%	5.73%	5.32%	-1.35%	-5.53%	-3.69%	-2.48%	1.67%	4.62%	4.10%	3.87%	3.61%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $325,144K ÷ $4,679,310K
= 6.95%

Bloomin Brands Inc's operating profit margin has shown consistency and stability over the past eight quarters. The company's operating profit margin ranged from 6.86% to 7.92% during this period. The highest operating profit margin was recorded in Q2 2022 at 7.92%, while the lowest was in Q2 2022 at 6.86%. Overall, Bloomin Brands Inc has maintained an average operating profit margin of around 7.70% during the period under review. This indicates that the company has been effectively managing its operating costs and generating sufficient operating income relative to its revenue. Going forward, it will be important for Bloomin Brands Inc to continue monitoring and optimizing its operating expenses to sustain or improve its profitability levels.