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MGM Resorts International MGM Food and beverage — Cost of Sales

Other product segments

Casino
$1.35B+1.2%
Rooms
$276.39M+1.6%
Entertainment, retail and other
$263.35M+0.2%

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BROSBeverage, food & packaging — Cost of Sales
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CHEFFood Processing Costs — Cost of Sales
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IFFFood Ingredients — Cost of Sales
$646M+6.1%
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MIDDFood Processing Group — Cost of Sales
$146.96M+37.4%
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BROSLabor costs — Cost of Sales
$129.46M+27.8%
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TGTMerchandising Cost of Sales — Cost of Sales
$16.28B+6.0%

Other financials

Income statement

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Revenue$4.5B+1.0%
Operating income$503.6M+24.5%
Net income$292.4M+497%
EPS (diluted)$1.11+517%

Balance sheet

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Cash & equivalents$2.5B+30.1%
Total debt$30.2B-4.5%
Total equity$2.5B-15.5%
Total assets$39.8B-4.4%

Cash flow

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Operating cash flow$558.8M-13.5%
CapEx$241.4M-10.1%
Free cash flow$317.4M-15.9%

Valuation

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Market cap$11.39B+19.2%
Enterprise value$39B-0.5%
P/E26.7×+9.0×
P/S0.6×+0.1×

Profitability

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Operating margin5.7%-2.4pp
Net margin2.4%-0.7pp
FCF margin8.4%+0.9pp

Returns & leverage

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Return on equity15.5%-1.9pp
Debt / equity12×+1.4×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by MGM Resorts International in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: MGM Resorts International’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000789570-26-000076
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Expenses
Casino1,349,2811,333,8502,698,8332,578,160
Rooms276,390272,066561,666552,915
Food and beverage582,734576,6331,159,0141,136,928
Entertainment, retail and other263,346262,880516,766497,309
General and administrative1,263,2601,213,6912,546,0922,378,589
Corporate expense131,433124,096268,653266,447
Preopening and start-up expenses1128491,089934

Item 1. Financial Statements (Unaudited)

FAQ

What is MGM Resorts International's food and beverage — cost of sales?
MGM Resorts International (MGM) reported food and beverage — cost of sales of $582.73M in Q2 2026.
How has MGM Resorts International's food and beverage — cost of sales changed year-over-year?
MGM Resorts International's food and beverage — cost of sales increased by 1.1% year-over-year, from $576.63M to $582.73M.
What is the long-term trend for MGM Resorts International's food and beverage — cost of sales?
Over 4 years (2021 to 2025), MGM Resorts International's food and beverage — cost of sales has grown at a 21.6% compound annual growth rate (CAGR), from $1.03B to $2.26B.
What does food and beverage — cost of sales mean?
This metric represents the direct costs associated with the production and delivery of food and beverage services, including the cost of raw ingredients, beverages, and direct labor involved in preparation. It serves as a primary measure of operational efficiency and supply chain management within the hospitality segment. Monitoring this cost relative to revenue helps assess the gross margin performance of the company's dining and nightlife portfolio.

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