Del Frisco′s Restaurant Group (Del Frisco′s Restaurant Group) Gross Margin % : 23.20% (As of Jun. 2019)

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What is Del Frisco′s Restaurant Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Del Frisco′s Restaurant Group's Gross Profit for the three months ended in Jun. 2019 was $30.6 Mil. Del Frisco′s Restaurant Group's Revenue for the three months ended in Jun. 2019 was $131.7 Mil. Therefore, Del Frisco′s Restaurant Group's Gross Margin % for the quarter that ended in Jun. 2019 was 23.20%.

The historical rank and industry rank for Del Frisco′s Restaurant Group's Gross Margin % or its related term are showing as below:

DFRG's Gross Margin % is not ranked ^*
in the Restaurants industry.
Industry Median: 46.87
* Ranked among companies with meaningful Gross Margin % only.

Del Frisco′s Restaurant Group had a gross margin of 23.20% for the quarter that ended in Jun. 2019 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Del Frisco′s Restaurant Group was 0.00% per year.

Del Frisco′s Restaurant Group Gross Margin % Historical Data

The historical data trend for Del Frisco′s Restaurant Group's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Del Frisco′s Restaurant Group Gross Margin % Chart

Del Frisco′s Restaurant Group Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Gross Margin %

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24.23

23.92

25.03

23.38

21.77

Del Frisco′s Restaurant Group Quarterly Data
	Jun13	Dec13	Mar14	Jun14	Dec14	Mar15	Jun15	Dec15	Mar16	Jun16	Dec16	Mar17	Jun17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Gross Margin %	Get a 7-Day Free Trial															23.57	19.46	22.68	20.73	23.20

Competitive Comparison of Del Frisco′s Restaurant Group's Gross Margin %

For the Restaurants subindustry, Del Frisco′s Restaurant Group's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Del Frisco′s Restaurant Group's Gross Margin % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Del Frisco′s Restaurant Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Del Frisco′s Restaurant Group's Gross Margin % falls into.

Del Frisco′s Restaurant Group Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Del Frisco′s Restaurant Group's Gross Margin for the fiscal year that ended in Dec. 2018 is calculated as

Gross Margin % (A: Dec. 2018 )	=	Gross Profit (A: Dec. 2018 )	/	Revenue (A: Dec. 2018 )
	=	82.3	/	378.216
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(378.216 - 295.875)	/	378.216
	=	21.77 %

Del Frisco′s Restaurant Group's Gross Margin for the quarter that ended in Jun. 2019 is calculated as

Gross Margin % (Q: Jun. 2019 )	=	Gross Profit (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	30.6	/	131.687
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(131.687 - 101.134)	/	131.687
	=	23.20 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Del Frisco′s Restaurant Group (NAS:DFRG) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Del Frisco′s Restaurant Group had a gross margin of 23.20% for the quarter that ended in Jun. 2019 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Del Frisco′s Restaurant Group Gross Margin % Related Terms

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Del Frisco′s Restaurant Group (Del Frisco′s Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Del Frisco′s Restaurant Group Inc (NAS:DFRG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2900 Ranch Trail, Irving, TX, USA, 75063

Website

http://www.dfrg.com

Del Frisco's Restaurant Group Inc owns and operates roughly 50 restaurants under three different names: Del Frisco's Double Eagle Steak House, a fine-dining restaurant that accounts for approximately half of the company's total sales; Sullivan's Steakhouse, a similar concept to Del Frisco's Steak House that offers a lower price point; and Del Frisco's Grille, an upscale casual restaurant with a broader menu that includes less expensive items. The company operates exclusively in the United States. The company purchases beef and seafood at the national level for all of its restaurants; other products are sourced locally by each restaurant's chef.

Executives

Ian Russell Carter	director	HILTON HOTELS CORPORATION, 9336 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Armistice Capital, Llc	10 percent owner	510 MADISON AVENUE, 7TH FLOOR, NEW YORK NY 10022
Armistice Capital Master Fund Ltd.	10 percent owner	C/O ARMISTICE CAPITAL, LLC, 510 MADISON AVENUE, 7TH FLOOR, NEW YORK NY 10022
Steven Boyd	10 percent owner	510 MADISON AVENUE, 7TH FLOOR, NEW YORK NY 10022
David B Barr	director	1319 GARRICK WAY, MARIETTA 2Q 30068
Coleman Brandon Charles Iii	officer: President, Grille	920 S. KIMBALL AVE., SUITE 100, SOUTHLAKE TX 76092
Joseph E Reece	director	ONE VALERO WAY, BUILDING D, SUITE 200, SAN ANTONIO TX 78249
Jeff Frank Carcara	officer: CEO, Emerging Brands	2900 RANCH TRAIL, IRVING TX 75063
Pennison Thomas J Jr	officer: Chief Financial Officer	930 S. KIMBALL AVE., SUITE 100, SOUTHLAKE TX 76092
Fidelity National Financial, Inc.	10 percent owner	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John P Grayken	10 percent owner	2711 NORTH HASKELL AVENUE SUITE 1700 DALLAS TX 75204
Samuel D Loughlin	director, other: Chairman of the Board	12018 SUNRISE VALLEY DRIVE SUITE 600 RESTON VA 20191