Cal-Maine Foods Inc (CALM)
Gross profit margin
| Jun 1, 2024 | Jun 3, 2023 | May 28, 2022 | May 29, 2021 | May 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 541,571 | 1,196,460 | 337,059 | 160,661 | 179,588 |
| Revenue | US$ in thousands | 2,325,870 | 3,145,760 | 1,781,860 | 1,345,790 | 1,351,610 |
| Gross profit margin | 23.28% | 38.03% | 18.92% | 11.94% | 13.29% |
June 1, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $541,571K ÷ $2,325,870K
= 23.28%
Cal-Maine Foods Inc's gross profit margin has fluctuated over the past five years. The gross profit margin was relatively high in June 2023 at 38.03% but decreased significantly in the following years, reaching a low of 11.94% in May 2021. However, in the most recent period ending June 2024, there was an increase in the gross profit margin to 23.28%. This indicates that the company's ability to generate profit from its core operations has improved compared to the previous year but is still below the levels seen in earlier years. It would be advisable for stakeholders to monitor the company's strategies for improving profitability to ensure sustainable long-term growth.