Meritage Hospitality Group's gross profit for the
three
months ended in Sep. 2024 was $67.3 Mil. Meritage Hospitality Group's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $278.6 Mil.
* 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.
Competitive Comparison of Meritage Hospitality Group's Gross Profit
For the Restaurants subindustry, Meritage Hospitality Group's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Meritage Hospitality Group's Gross Profit Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Meritage Hospitality Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Meritage Hospitality Group's Gross Profit falls into.
Meritage Hospitality Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $278.6 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Meritage Hospitality Group (OTCPK:MHGU) Gross Profit 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
Meritage Hospitality Group had a gross margin of 40.85% for the quarter that ended in Sep. 2024 => Durable competitive advantage
Meritage Hospitality Group Gross Profit Related Terms
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Meritage Hospitality Group Inc is one of the nation's premier restaurant operators, with more than 300 restaurants in operation located in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia. The Company owns six independent restaurants under two concepts throughout Michigan which include Morning Belle restaurants and Stan's Tacos.
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