Brinker International Inc (EAT)

Gross profit margin

		Jun 30, 2024	Mar 31, 2024	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 23, 2020	Sep 23, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Gross profit (ttm)	US$ in thousands	2,796,100	2,770,200	2,726,500	2,657,500	2,570,700	2,517,200	2,439,200	2,392,600	2,379,500	2,434,200	2,348,900	2,242,700	2,155,100	2,077,400	2,100,300	2,175,300	2,202,500	2,462,800	2,436,700	2,386,900
Revenue (ttm)	US$ in thousands	4,415,100	4,282,400	4,245,300	4,190,200	4,133,200	4,079,200	3,976,400	3,883,200	3,804,100	3,791,200	3,639,200	3,474,100	3,337,800	2,892,400	2,924,000	3,032,600	3,078,500	3,349,400	3,328,700	3,250,100
Gross profit margin		63.33%	64.69%	64.22%	63.42%	62.20%	61.71%	61.34%	61.61%	62.55%	64.21%	64.54%	64.55%	64.57%	71.82%	71.83%	71.73%	71.54%	73.53%	73.20%	73.44%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,796,100K ÷ $4,415,100K
= 63.33%

The gross profit margin of Brinker International Inc has shown fluctuations over the periods provided. The margins ranged from a low of 61.34% in December 2022 to a high of 73.53% in September 2019. Overall, the trend indicates that the company has maintained relatively healthy gross profit margins above 60% in most periods.

The margin peaked in March 2021 at 71.83% followed by a significant increase to 71.82% in December 2020. However, in subsequent periods, there was a noticeable decline in the gross profit margin, dropping to 63.33% in June 2024. This decrease may raise concerns about the company's ability to maintain profitability and manage its cost of goods sold effectively.

Despite some fluctuations, it is worth noting that Brinker International Inc has generally sustained gross profit margins above 60%, which is often considered a healthy benchmark in the restaurant industry. Further analysis of the company's operating expenses and revenue trends could provide additional insights into the factors influencing its gross profit margin performance.