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Gross Margin % is calculated as gross profit divided by its revenue. Bloomin Brands's Gross Profit for the three months ended in Sep. 2024 was $142 Mil. Bloomin Brands's Revenue for the three months ended in Sep. 2024 was $1,039 Mil. Therefore, Bloomin Brands's Gross Margin % for the quarter that ended in Sep. 2024 was 13.62%.
The historical rank and industry rank for Bloomin Brands's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Bloomin Brands was 17.75%. The lowest was 10.60%. And the median was 16.49%.
Bloomin Brands had a gross margin of 13.62% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Bloomin Brands was 2.80% per year.
The historical data trend for Bloomin Brands'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.
Bloomin Brands Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 16.24 | 10.60 | 17.75 | 16.77 | 17.35 |
Bloomin Brands Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Gross Margin % | Get a 7-Day Free Trial | 15.04 | 17.56 | 17.07 | 15.47 | 13.62 |
For the Restaurants subindustry, Bloomin Brands'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.
For the Restaurants industry and Consumer Cyclical sector, Bloomin Brands's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Bloomin Brands's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Bloomin Brands's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as
Gross Margin % (A: Dec. 2023 ) | = | Gross Profit (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | 810.4 | / | 4671.47 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (4671.47 - 3861.111) | / | 4671.47 | |
= | 17.35 % |
Bloomin Brands's Gross Margin for the quarter that ended in Sep. 2024 is calculated as
Gross Margin % (Q: Sep. 2024 ) | = | Gross Profit (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | 141.5 | / | 1038.771 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (1038.771 - 897.271) | / | 1038.771 | |
= | 13.62 % |
* 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.
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.
Bloomin Brands (NAS:BLMN) 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
Bloomin Brands had a gross margin of 13.62% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
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.
Thank you for viewing the detailed overview of Bloomin Brands's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Julie T. Kunkel | director | 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607 |
Rohit Lal | director | 11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097 |
Lissette R Gonzalez | officer: SVP, Global Supply Chain Offic | 2202 N. WEST SHORE BLVD., SUITE 500, TAMAP FL 33607 |
Brett A Patterson | officer: SVP, Pres Outback Steakhouse | 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607 |
Mark E Graff | officer: SVP, Development | 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607 |
Astrid Isaacs | officer: SVP, Chief Technology Officer | 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607 |
Elizabeth A Smith | director, officer: Chairman and CEO | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Gainor John P Jr | director | 11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097 |
David J. Deno | officer: Executive Vice President & CFO | 111 4TH AVENUE NORTH #503, MINNEAPOLIS MN 55402 |
Suzann Trevisan | officer: Chief Human Resources Officer | 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607 |
Melanie Marein-efron | director | C/O URBAN OUTFITTERS, INC., 5000 SOUTH BROAD STREET, PHILADELPHIA PA 19112 |
Philip J Pace | officer: SVP, Chief Accounting Officer | 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607 |
Kelly Lefferts | officer: EVP, Chief Legal Officer | 2202 N. WEST SHORE BLVD SUITE 500, TAMPA FL 33607 |
Gregg Scarlett | officer: EVP & Pres. Bonefish Grill | 2202 NORTH WEST SHORE BOULEVARD, TAMPA FL 33607 |
Lawrence V Jackson | director | C/O ASSURANT, INC., 28 LIBERTY ST., 41 F, NEW YORK NY 10005 |
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