Costco Wholesale Corp (COST)
Gross profit margin
| Sep 1, 2024 | Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,188,000 | 7,945,000 | 7,547,000 | 6,658,000 | 5,404,000 |
| Revenue | US$ in thousands | 254,453,000 | 242,290,000 | 226,954,000 | 195,929,000 | 166,761,000 |
| Gross profit margin | 3.61% | 3.28% | 3.33% | 3.40% | 3.24% |
September 1, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,188,000K ÷ $254,453,000K
= 3.61%
Costco Wholesale Corp's gross profit margin has shown fluctuations over the past five years. In the most recent fiscal year ending September 1, 2024, the gross profit margin increased to 3.61% compared to 3.28% in the previous year, indicating an improvement in the company's ability to generate profits from its sales after accounting for the cost of goods sold.
While the gross profit margin for the company has generally been within a narrow range between 3.24% and 3.40% over the five-year period, it is noteworthy that the margin has slightly trended upwards in the most recent year. This could suggest that Costco has been effectively managing its costs and pricing strategies to enhance its profitability.
It is important to continue monitoring Costco's gross profit margin in relation to industry benchmarks and competitors to assess the company's competitiveness and operational efficiency. Additionally, understanding the factors driving the changes in the gross profit margin can provide valuable insights into Costco's financial performance and potential areas for further improvement.
Peer comparison
Sep 1, 2024