Cracker Barrel Old Country Store (CBRL)

Gross profit margin

		Aug 2, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019
Gross profit (ttm)	US$ in thousands	773,314	789,033	831,819	834,829	841,008	834,228	822,986	813,988	819,022	1,463,802	1,467,791	1,410,227	1,365,841	1,076,501	1,288,732	1,358,239	1,927,422	2,219,455	2,526,514	3,087,448
Revenue (ttm)	US$ in thousands	3,467,971	3,410,528	3,426,082	3,424,549	3,441,183	3,435,191	3,392,698	3,321,090	3,265,266	3,219,442	3,142,662	2,957,571	2,820,643	2,531,303	2,250,431	2,419,405	2,522,792	2,814,825	3,121,884	3,087,448
Gross profit margin		22.30%	23.14%	24.28%	24.38%	24.44%	24.28%	24.26%	24.51%	25.08%	45.47%	46.71%	47.68%	48.42%	42.53%	57.27%	56.14%	76.40%	78.85%	80.93%	100.00%

August 2, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $773,314K ÷ $3,467,971K
= 22.30%

The gross profit margin of Cracker Barrel Old Country Store has shown fluctuations over the past few years, ranging from a low of 22.30% in August 2024 to a peak of 100.00% in November 2019. The margin has generally been above 20%, indicating that the company is able to effectively manage the cost of goods sold relative to its revenues.

There have been periods of significant improvement in the gross profit margin, such as in January 2021 where it reached 57.27%, and in January 2022 where it jumped to 46.71%. However, there have also been instances of decline, notably in August 2024 where the margin fell to 22.30%.

The gross profit margin trend suggests that the company has experienced fluctuations in its cost structure and pricing strategy over the analyzed periods. Further investigation into the factors impacting these fluctuations would be necessary to provide a more in-depth analysis of the company's financial performance.