Wingstop Inc (WING)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	112,594	91,933	73,756	57,390	42,901
Revenue	US$ in thousands	460,055	357,521	282,502	248,811	199,676
Operating profit margin		24.47%	25.71%	26.11%	23.07%	21.49%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $112,594K ÷ $460,055K
= 24.47%

Analyzing Wingstop Inc's operating profit margin over the past five years, we observe a fluctuating trend. In 2023, the operating profit margin decreased to 24.47% from 25.71% in 2022. However, despite this decline, the margin remains relatively strong. Looking further back, we see a general upward trend from 2019 to 2021, with the margin reaching its peak at 26.11% in 2021. This indicates efficient cost management and revenue generation during those years. The margin dipped in 2020 compared to the previous year, but rebounded and improved in 2021. Overall, Wingstop Inc has displayed a solid operating profit margin performance, with fluctuations reflecting varying economic conditions and management strategies.