ConAgra Foods Inc (CAG)
Gross profit margin
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -652,300 | -152,800 | 728,900 | 941,600 | 3,069,600 |
| Revenue | US$ in thousands | 11,624,600 | 11,852,600 | 11,195,600 | 10,778,800 | 10,550,500 |
| Gross profit margin | -5.61% | -1.29% | 6.51% | 8.74% | 29.09% |
May 26, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-652,300K ÷ $11,624,600K
= -5.61%
ConAgra Foods Inc's gross profit margin has exhibited a declining trend over the past five years. The margin was negative at -5.61% in 2024, a significant decrease from the previous year's -1.29%. This indicates that the company's cost of goods sold exceeded its revenue, resulting in an overall loss at the gross profit level. Furthermore, the 2024 gross profit margin represents a substantial drop from the margins seen in 2022 (6.51%), 2021 (8.74%), and 2020 (29.09%).
The downward trajectory of the gross profit margin suggests potential issues with cost management, pricing strategies, or operational inefficiencies within ConAgra Foods Inc. It is crucial for the company to address these challenges promptly to improve its profitability and financial performance.
Peer comparison
May 26, 2024