Bloomin Brands Inc (BLMN)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 265,947 | 144,611 | 241,939 | -239,441 | 138,146 |
| Revenue | US$ in thousands | 4,679,300 | 4,426,470 | 4,132,030 | 3,165,540 | 4,144,570 |
| Pretax margin | 5.68% | 3.27% | 5.86% | -7.56% | 3.33% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $265,947K ÷ $4,679,300K
= 5.68%
Based on the data provided, Bloomin Brands Inc's pretax margin has fluctuated over the past five years. In particular, there was a significant decline in the pretax margin in 2020, when it was negative at -7.55%. This suggests that the company incurred substantial pre-tax losses during that fiscal year.
However, there was a recovery in the pretax margin in 2021, when it increased to 6.05%, indicating improved profitability compared to the previous year. The following year, in 2022, there was a slight decrease in the pretax margin to 3.44%.
In the most recent year, 2023, the pretax margin further improved to 5.84%. Overall, the company's pretax margin has shown variability in recent years, with fluctuations in profitability levels. It is important for Bloomin Brands Inc to continue monitoring and managing its pretax margin to ensure sustainable and profitable operations in the future.
Peer comparison
Dec 31, 2023