The Wendy’s Co (WEN)
Gross profit margin
| 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 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 934,752 | 932,623 | 917,348 | 900,966 | 938,529 | 921,388 | 910,521 | 908,895 | 918,579 | 1,007,328 | 964,363 | 873,054 | 794,272 | 775,292 | 768,079 | 792,341 | 812,359 | 821,772 | 804,884 | 880,454 |
| Revenue (ttm) | US$ in thousands | 2,181,578 | 2,177,437 | 2,159,451 | 2,135,669 | 2,095,505 | 2,032,198 | 1,969,884 | 1,925,438 | 1,896,998 | 1,898,112 | 1,880,099 | 1,789,068 | 1,733,825 | 1,686,699 | 1,672,337 | 1,705,379 | 1,709,002 | 1,679,631 | 1,642,301 | 1,617,955 |
| Gross profit margin | 42.85% | 42.83% | 42.48% | 42.19% | 44.79% | 45.34% | 46.22% | 47.20% | 48.42% | 53.07% | 51.29% | 48.80% | 45.81% | 45.97% | 45.93% | 46.46% | 47.53% | 48.93% | 49.01% | 54.42% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $934,752K ÷ $2,181,578K
= 42.85%
The gross profit margin of Wendy's Co has been relatively stable over the past eight quarters, ranging between 63.10% and 66.77%. The company's ability to generate gross profit from its revenue has been strong, with the lowest margin recorded in Q4 2022 at 63.10% and the highest in Q1 2022 at 66.77%. Overall, the gross profit margin has remained above 63%, indicating efficient cost management and pricing strategies. Further analysis may be needed to determine the specific factors influencing fluctuations in the gross profit margin over time.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
The Wendy’s Co
WEN
42.85%
Shake Shack Inc
SHAK
48.84%
Starbucks Corporation
SBUX
55.15%