Wingstop Inc (WING)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	94,310	92,689	84,587	78,691	69,356	56,564	55,645	54,462	58,907	40,728	33,494	33,638	26,943	39,255	37,064	27,729	25,809	24,826	24,932	26,483
Revenue (ttm)	US$ in thousands	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	199,676	186,999	175,370	163,845
Pretax margin		20.50%	21.17%	20.46%	20.18%	19.40%	17.42%	18.69%	18.91%	20.85%	14.88%	12.32%	12.74%	10.83%	16.44%	16.50%	13.39%	12.93%	13.28%	14.22%	16.16%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $94,310K ÷ $460,055K
= 20.50%

Wingstop Inc's pretax margin has shown variability over the past few quarters. The pretax margin indicates the company's efficiency in generating profits before accounting for taxes. The trend reveals that the pretax margin has generally been increasing over the analyzed periods, with occasional fluctuations.

Notably, the pretax margin improved from 19.40% in December 2022 to 20.50% in December 2023, indicating a positive trend in profitability before tax expenses. This improvement suggests that Wingstop Inc has been effectively managing its operating costs and expenses relative to its revenue.

While the pretax margin has seen fluctuations in some quarters, overall, there has been an upward trajectory in profitability before taxes. This upward trend is encouraging for investors as it indicates the company's ability to generate earnings efficiently. Further monitoring and analysis of future financial data will be necessary to assess the continued performance and sustainability of Wingstop Inc's pretax margin.