ConAgra Foods Inc (CAG)
Net profit margin
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 347,200 | 347,200 | 683,600 | 683,600 | 888,200 |
| Revenue | US$ in thousands | 12,050,900 | 11,624,600 | 12,277,000 | 11,852,600 | 11,535,900 |
| Net profit margin | 2.88% | 2.99% | 5.57% | 5.77% | 7.70% |
May 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $347,200K ÷ $12,050,900K
= 2.88%
ConAgra Foods Inc's net profit margin has shown a declining trend over the past few years based on the provided data. The net profit margin decreased from 7.70% on May 31, 2022, to 2.88% on May 31, 2024. This indicates that the company's profit as a percentage of its total revenue has been decreasing. A declining net profit margin could suggest challenges in cost management, pricing strategies, or overall profitability. It is important for the company to closely monitor and address the factors contributing to this decline in order to sustain profitability and financial health in the future.
Peer comparison
May 31, 2024