The Wendy’s Co (WEN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | 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 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 792,228 | 615,980 | 654,523 | 660,076 | 692,651 | 728,196 | 682,457 | 666,740 | 612,057 | 598,273 | 623,313 | 661,431 | 690,856 | 698,122 | 690,028 | 645,285 | 587,981 | 549,756 | 542,962 | 562,846 |
| Revenue (ttm) | US$ in thousands | 2,246,492 | 2,212,870 | 2,196,686 | 2,187,524 | 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 |
| Gross profit margin | 35.27% | 27.84% | 29.80% | 30.17% | 31.75% | 33.44% | 31.60% | 31.22% | 29.21% | 29.44% | 31.64% | 34.35% | 36.42% | 36.78% | 36.70% | 36.07% | 33.91% | 32.59% | 32.47% | 33.00% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $792,228K ÷ $2,246,492K
= 35.27%
The gross profit margin of The Wendy's Co has experienced fluctuations over the period from March 31, 2020, to December 31, 2024.
The gross profit margin started at 33.00% in March 31, 2020, and fluctuated slightly around this level in the subsequent quarters. However, a noticeable increase was observed in March 31, 2021, with the margin rising to 36.07%. This positive trend continued in the following quarters, reaching a peak of 36.78% in September 30, 2021.
From December 31, 2021, the gross profit margin started to decline, dropping to 29.21% by the end of December 31, 2022. The margin then started to recover, reaching 33.44% by September 30, 2023. However, in the last quarter of the data, the margin dipped to 31.75% by December 31, 2023.
The trend continued with further decreases in the gross profit margin, reaching its lowest point of 27.84% in September 30, 2024. The margin rebounded significantly in the last quarter of the data, rising sharply to 35.27% by December 31, 2024.
Overall, the gross profit margin of The Wendy's Co has shown variability over the period, reflecting fluctuations in the company's ability to generate profit from its core operations. Further analysis would be needed to understand the factors driving these changes and their implications for the company's financial performance and profitability.
Peer comparison
Dec 31, 2024