Central Garden & Pet Company (CENT)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 946,842 | 992,305 | 970,901 | 796,558 | 704,041 |
| Revenue | US$ in thousands | 3,310,080 | 3,338,590 | 3,303,680 | 2,695,510 | 2,383,000 |
| Gross profit margin | 28.60% | 29.72% | 29.39% | 29.55% | 29.54% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $946,842K ÷ $3,310,080K
= 28.60%
Central Garden & Pet Co.'s gross profit margin has experienced a slight decline in the most recent fiscal year, from 29.72% in 2022 to 28.60% in 2023. This indicates a decrease in the percentage of revenue available to cover operating and other expenses after accounting for the cost of goods sold. It is important for the company to closely monitor and manage its cost of goods sold, sales prices, and product mix in order to maintain or improve its gross profit margin in the future. Additionally, investors and analysts may view this trend as a potential area for further investigation and assessment of the company's operational efficiency and pricing strategies.
Peer comparison
Sep 30, 2023