Core & Main Inc (CNM)
Gross profit margin
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,818,000 | 1,795,000 | 1,280,000 |
| Revenue | US$ in thousands | 6,621,000 | 6,585,000 | 4,906,000 |
| Gross profit margin | 27.46% | 27.26% | 26.09% |
January 28, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,818,000K ÷ $6,621,000K
= 27.46%
Core & Main Inc's gross profit margin has shown a steady improvement over the past three fiscal years, increasing from 26.09% in January 2022 to 27.46% in January 2024. This upward trend indicates that the company has been effectively managing its cost of goods sold relative to its revenue, resulting in a higher proportion of revenue retained as gross profit. The consistent improvement in gross profit margin reflects positively on the company's operational efficiency and ability to generate profits from its core business activities. This trend may suggest that Core & Main Inc has been successful in controlling its production costs or negotiating better pricing with suppliers, ultimately leading to improved profitability.