ConAgra Foods Inc (CAG)

Gross profit margin

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Gross profit (ttm)	US$ in thousands	-616,600	602,200	621,700	756,200	-147,700	440,400	355,000	231,800	960,400	835,600	911,900	1,011,400	1,120,600	2,004,700	2,336,900	2,712,500	3,069,600	2,854,800	2,922,700	2,802,000
Revenue (ttm)	US$ in thousands	11,624,600	11,673,000	11,720,500	11,853,600	11,852,800	11,826,400	11,689,900	11,443,000	11,195,600	11,037,300	10,884,000	10,800,600	10,792,500	11,412,500	11,168,300	10,980,600	10,678,400	10,003,700	10,149,100	9,754,600
Gross profit margin		-5.30%	5.16%	5.30%	6.38%	-1.25%	3.72%	3.04%	2.03%	8.58%	7.57%	8.38%	9.36%	10.38%	17.57%	20.92%	24.70%	28.75%	28.54%	28.80%	28.72%

May 26, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-616,600K ÷ $11,624,600K
= -5.30%

ConAgra Foods Inc's gross profit margin has fluctuated over the specified periods, ranging from negative figures to positive double-digit percentages. In recent quarters, there has been a general improvement in the gross profit margin, with the most recent figure standing at 5.16%. This trend indicates a moderate level of profitability in capturing the difference between revenue and the cost of goods sold. The company's gross profit margin peaked at 28.80% in the first quarter of 2020 but has since experienced a decrease. Overall, while fluctuations are normal in the industry, ConAgra Foods Inc should continue monitoring and improving its gross profit margin to sustain profitability and operational efficiency.