ConAgra Foods Inc (CAG)
Gross profit margin
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,333,400 | -652,300 | 3,264,800 | -152,800 | 2,838,800 |
| Revenue | US$ in thousands | 12,050,900 | 11,624,600 | 12,277,000 | 11,852,600 | 11,535,900 |
| Gross profit margin | 27.66% | -5.61% | 26.59% | -1.29% | 24.61% |
May 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,333,400K ÷ $12,050,900K
= 27.66%
The gross profit margin of ConAgra Foods Inc has displayed fluctuations over the specified periods. The gross profit margin was 24.61% as of May 31, 2022, indicating that the company was able to generate profits after deducting the direct costs associated with production. However, this margin declined significantly to -1.29% by May 28, 2023, suggesting that the company may have experienced challenges in controlling its production costs relative to its revenue during that period.
Subsequently, there was an improvement in the gross profit margin to 26.59% by May 31, 2023, indicating that ConAgra Foods Inc was able to increase its profitability compared to the previous period. However, there was another decline in the gross profit margin to -5.61% by May 26, 2024, which could suggest issues with cost management or pricing strategies that impacted profitability negatively.
Finally, the gross profit margin increased notably to 27.66% by May 31, 2024, pointing towards a positive trend in the company's ability to generate profits from its core business operations. Overall, the fluctuating nature of the gross profit margin over the specified periods reflects varying levels of efficiency in managing production costs and maximizing revenue generation for ConAgra Foods Inc.
Peer comparison
May 31, 2024