Cracker Barrel Old Country Store (CBRL)
Gross profit margin
| Aug 2, 2024 | Jul 28, 2023 | Jul 29, 2022 | Jul 30, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 765,210 | 824,341 | 815,905 | 737,544 | 562,102 |
| Revenue | US$ in thousands | 3,459,870 | 3,436,210 | 3,262,150 | 2,817,380 | 2,516,320 |
| Gross profit margin | 22.12% | 23.99% | 25.01% | 26.18% | 22.34% |
August 2, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $765,210K ÷ $3,459,870K
= 22.12%
The gross profit margin of Cracker Barrel Old Country Store has shown a decreasing trend over the past five years, from 22.34% in 2020 to 22.12% in 2024. This indicates that the company's ability to generate profits from its core operations has been gradually declining. Factors contributing to this decline could include increased costs of goods sold, pricing pressures, or inefficiencies in production or distribution. The downward trend in gross profit margin may raise concerns about the company's overall profitability and operational effectiveness. It is important for Cracker Barrel Old Country Store to closely monitor and address the factors impacting its gross profit margin to ensure sustainable financial performance in the future.
Peer comparison
Aug 2, 2024