Wingstop Inc (WING)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 414,074 | 289,811 | 224,865 | 159,891 | 128,943 |
| Revenue | US$ in thousands | 625,807 | 460,055 | 357,521 | 282,502 | 248,811 |
| Gross profit margin | 66.17% | 62.99% | 62.90% | 56.60% | 51.82% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $414,074K ÷ $625,807K
= 66.17%
Wingstop Inc has shown a consistent improvement in its gross profit margin over the past five years. Starting at 51.82% on December 31, 2020, the company's gross profit margin has steadily increased to reach 66.17% by December 31, 2024. This upward trend indicates that Wingstop Inc has been effectively managing its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit. The significant improvement in gross profit margin from 2020 to 2024 demonstrates the company's ability to generate more profit from each dollar of sales, which is a positive indicator of its operational efficiency and potentially its pricing power or cost control measures.
Peer comparison
Dec 31, 2024