Cracker Barrel Old Country Store (CBRL)

Net profit margin

		Aug 2, 2024	Jul 28, 2023	Jul 29, 2022	Jul 30, 2021	Jul 31, 2020
Net income	US$ in thousands	40,930	99,050	131,880	254,513	-32,475
Revenue	US$ in thousands	3,459,870	3,436,210	3,262,150	2,817,380	2,516,320
Net profit margin		1.18%	2.88%	4.04%	9.03%	-1.29%

August 2, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $40,930K ÷ $3,459,870K
= 1.18%

Over the past five years, Cracker Barrel Old Country Store's net profit margin has fluctuated significantly. The company's net profit margin was 1.18% in 2024, representing a decline from the previous year's figure of 2.88%. This downward trend is consistent with the company's decreasing profitability over the past two years. In 2022, Cracker Barrel's net profit margin stood at 4.04%, indicating a notable decrease from the high of 9.03% recorded in 2021. It is worth noting that in 2020, the company experienced a negative net profit margin of -1.29%, suggesting a loss rather than profit. Overall, the declining trend in net profit margin raises concerns about Cracker Barrel's ability to efficiently generate profits from its operations and effectively control costs.