Jack In The Box Inc (JACK)

Gross profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Gross profit	US$ in thousands	819,296	740,708	764,440	674,780	616,552
Revenue	US$ in thousands	1,692,310	1,468,080	1,143,670	1,021,510	950,107
Gross profit margin		48.41%	50.45%	66.84%	66.06%	64.89%

September 30, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $819,296K ÷ $1,692,310K
= 48.41%

The gross profit margin of Jack In The Box Inc has experienced fluctuations over the past five years. The margin decreased from 64.89% in 2019 to 66.06% in 2020, and then further declined to 66.84% in 2021. However, there was a significant drop in the margin to 50.45% in 2022, followed by a further decrease to 48.41% in 2023. These declines indicate a potential decrease in the company's profitability as a percentage of revenue generated from sales after accounting for the cost of goods sold. It is essential for stakeholders to closely monitor this trend and understand the factors contributing to these fluctuations in the gross profit margin to assess the company's financial performance and sustainability.