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MGM Resorts International MGM Food and beverage — Cost of Sales

Other product segments

Casino
$1.35B+8.5%
Rooms
$285.28M+1.6%
Entertainment, retail and other
$253.42M+8.1%

Similar metrics at other companies

Wynn Resorts logo
WYNNFood and beverage — Cost of goods and services sold
$228.82M+14.0%
VICI Properties Inc. logo
VICIFood And Beverage — Cost of Goods Sold
$235K-48.6%
Texas Roadhouse logo
TXRHFood And Beverage — Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
$191.99M+8.8%
Darden Restaurants logo
DRIFood and beverage — Food and beverage costs and restaurant expenses
$1.03B+7.7%
Host Hotels & Resorts logo
HSTFood and beverage — Expenses
$327M+1.2%
Dutch Bros logo
BROSBeverage, food & packaging — Cost of Sales
$112.32M+38.0%

Other financials

Income statement

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Revenue$4.5B+4.2%
Operating income$301.2M-21.8%
Net income$125.1M-15.8%
EPS (diluted)$0.48-5.9%

Balance sheet

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Cash & equivalents$2.3B+1.0%
Total debt$31.7B-0.6%
Total equity$2.4B-14.7%
Total assets$41.4B-1.2%

Cash flow

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Operating cash flow$567.8M+3.8%
CapEx$154.7M-32.2%
Free cash flow$413.1M+29.5%

Valuation

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Market cap$11.98B+11.9%
Enterprise value$41.38B+2.1%
P/E65.7×+49.9×
P/S0.7×+0.1×

Profitability

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Operating margin5.2%-3.1pp
Net margin1%-2.9pp
FCF margin8.8%+2.0pp

Returns & leverage

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Return on equity6.9%-14.6pp
Debt / equity13×+1.9×
Current ratio1.3×0.0×

Where this comes from

Reported directly by MGM Resorts International in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: MGM Resorts International’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MGM Resorts International's food and beverage — cost of sales?
MGM Resorts International (MGM) reported food and beverage — cost of sales of $576.28M in Q1 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 2.9% year-over-year, from $560.3M to $576.28M.
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?
The direct costs incurred to produce and serve food and beverages to customers.
How do you interpret food and beverage — cost of sales?
An increase relative to revenue suggests margin compression due to rising commodity prices, labor costs, or operational inefficiencies. A decrease relative to revenue suggests improved cost controls or better procurement leverage.
How does food and beverage — cost of sales compare across companies?
Comparable to 'Cost of Goods Sold' (COGS) in the restaurant and hospitality industry, where peers focus on maintaining stable food and beverage margins despite inflationary pressures.