Core & Main Inc (CNM)
Gross profit margin
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,818,000 | 1,807,000 | 1,813,000 | 1,813,000 | 1,795,000 | 1,749,000 | 1,620,000 | 1,444,000 |
| Revenue (ttm) | US$ in thousands | 6,621,000 | 6,557,000 | 6,552,000 | 6,557,000 | 6,585,000 | 6,464,800 | 6,054,600 | 5,471,600 |
| Gross profit margin | 27.46% | 27.56% | 27.67% | 27.65% | 27.26% | 27.05% | 26.76% | 26.39% |
January 28, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,818,000K ÷ $6,621,000K
= 27.46%
Core & Main Inc's gross profit margin has shown a consistent upward trend over the past eight quarters, indicating an improving performance in generating profits from its sales. The margin has been gradually increasing from 26.39% in May 2022 to 27.46% in January 2024. This suggests that the company has been effectively managing its cost of goods sold and improving efficiency in its production and distribution processes. Overall, the steady improvement in gross profit margin reflects positively on Core & Main Inc's ability to maintain healthy profitability levels and potentially enhance shareholder value.