Financial Performance Comparison

The GP is a critical indicator of our Restaurant’s financial health, representing the difference between revenue and the cost of good sold. Data for the analysis was obtained from the Restaurant’s financial record for the respective years, from the Eleven stores.

Gross Sales:
2022: Gross sales totaled $2,623,893,388
2023: Gross sales totaled $2,908,654,495

Net Sales:
2022: Net Sales amounted to $2,332,349,589
2023: Net Sales amounted to $2,585,470,662

Gross Profit:
2022: Gross Profit was $1,374,849,572
2023: Gross Profit was $1,528,263,881

GP %:
2022: GP Margin was 46.4%
2023: GP Margin was 47.6%

Gross sales: Although there was a modest increase in gross sales, the restaurant managed to enhance profitability through improved cost management.

Net sales: The restaurant experienced a % increase in net sales from 2022 to 2023, indicating growth in customer demand or effective marketing strategies.

Gross profit: The significant rise in gross profit from 2022 to 2023 signifies enhanced operational efficiency and cost.

GP %: The GP margin also increased by 1.2 percentage points, reflecting the restaurant’s ability to retain some portion of sales revenue as gross profit.

Conclusion: The financial performance comparison between 2022 and 2023 demonstrates notable improvements in the restaurant’s revenue generation and profitability. These enhancements signify effective management strategies and operational efficiencies that contributed to the restaurant’s overall success and financial growth.