Chuy's Holdings Inc (CHUY)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	160,950	140,912	143,457	90,245	118,962
Revenue	US$ in thousands	461,310	422,215	396,467	320,952	426,357
Gross profit margin		34.89%	33.37%	36.18%	28.12%	27.90%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $160,950K ÷ $461,310K
= 34.89%

The gross profit margin of Chuy's Holdings Inc has exhibited a generally stable trend over the past five years, ranging from 72.79% to 75.67%. The company has consistently maintained a strong gross profit margin above 70%, indicating efficient cost management and pricing strategies in generating profits from its core business operations. The slight fluctuations in the margin suggest that Chuy's Holdings Inc has been successful in effectively controlling its cost of goods sold relative to its revenue. Overall, the stable and relatively high gross profit margin of the company reflects its ability to effectively manage its production and operational costs, which is a positive indicator of its financial health and profitability.