Bellring Brands LLC (BRBR)

Gross profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Gross profit	US$ in thousands	530,200	421,800	386,200	338,000
Revenue	US$ in thousands	1,666,800	1,371,500	1,247,100	988,300
Gross profit margin		31.81%	30.75%	30.97%	34.20%

September 30, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $530,200K ÷ $1,666,800K
= 31.81%

The gross profit margin of Bellring Brands Inc has shown some fluctuations over the past five years. In the most recent fiscal year, ending on September 30, 2023, the gross profit margin was 31.81%, representing a slight increase from the previous year's 30.75%. However, it's worth noting that the margin has declined compared to the levels of 34.20% and 36.49% in fiscal year 2020 and 2019, respectively. This indicates a potential downward trend in the company's gross profit margin over the past couple of years.

A declining gross profit margin could indicate that the company is facing challenges in effectively managing its production and distribution costs relative to its revenue. It may also suggest pricing pressures or increased competition in the industry. On the other hand, the recent marginal increase in the gross profit margin could be a positive sign of potential improvements in cost management or pricing strategies. It's important for stakeholders to closely monitor the trend in the gross profit margin to assess the company's operational efficiency and pricing power.