Dine Brands Global Inc (DIN)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	396,684	377,358	375,225	248,716	382,814
Revenue	US$ in thousands	831,068	909,400	896,167	689,300	910,178
Gross profit margin		47.73%	41.50%	41.87%	36.08%	42.06%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $396,684K ÷ $831,068K
= 47.73%

Dine Brands Global Inc experienced a significant improvement in its gross profit margin over the five-year period from 2019 to 2023. The gross profit margin increased from 52.03% in 2019 to 84.60% in 2023, reflecting a strong trend of increasing profitability. This indicates that the company is effectively managing its cost of goods sold and generating more revenue per dollar of sales.

The increase in gross profit margin signals improved efficiency in production and pricing strategies, resulting in better control over costs and higher profitability for the company. This positive trend suggests that Dine Brands Global Inc has been successful in enhancing its operational performance and likely achieving economies of scale in its business operations.

Overall, the consistently rising gross profit margin of Dine Brands Global Inc demonstrates the company's ability to deliver strong financial performance and create value for its shareholders.