Wingstop Inc (WING)

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 414,074 386,698 357,296 320,770 289,811 280,448 264,275 250,801 224,865 194,617 169,913 158,711 159,891 147,477 146,821 142,618 128,943 157,562 148,669 133,740
Revenue (ttm) US$ in thousands 625,807 591,043 545,649 497,123 460,055 437,865 413,433 390,037 357,521 324,682 297,794 288,017 282,502 273,756 271,960 264,065 248,811 238,715 224,602 207,059
Gross profit margin 66.17% 65.43% 65.48% 64.53% 62.99% 64.05% 63.92% 64.30% 62.90% 59.94% 57.06% 55.10% 56.60% 53.87% 53.99% 54.01% 51.82% 66.00% 66.19% 64.59%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $414,074K ÷ $625,807K
= 66.17%

The gross profit margin of Wingstop Inc has shown fluctuations over the analyzed period. It increased from 64.59% in March 2020 to a peak of 66.19% in June 2020. Subsequently, there was a slight decline to 66.00% by September 2020 and then a significant drop to 51.82% by December 2020. The margin recovered gradually, reaching 56.60% by December 2021.

From March 2022 to June 2024, the gross profit margin of Wingstop Inc fluctuated within a range of 55.10% to 66.17%. Notably, there was an upward trend from March 2024 to December 2024, with the margin consistently increasing from 64.53% to 66.17%.

Overall, Wingstop Inc has demonstrated the ability to manage its gross profit margin effectively, with some fluctuations observed but also showing improvement over the analyzed period, reflecting potential operational efficiencies and pricing strategies. It is essential for the company to continue monitoring and optimizing its cost of goods sold and revenue generation to maintain a healthy gross profit margin in the future.