Costco Wholesale Corp (COST)

Gross profit margin

		Feb 18, 2024	Nov 26, 2023	Sep 3, 2023	May 7, 2023	Feb 12, 2023	Nov 20, 2022	Aug 28, 2022	May 8, 2022	Feb 13, 2022	Nov 21, 2021	Aug 29, 2021	May 9, 2021	Feb 14, 2021	Nov 22, 2020	Aug 30, 2020	May 10, 2020	Feb 16, 2020	Nov 24, 2019	Sep 1, 2019	May 12, 2019
Gross profit (ttm)	US$ in thousands	13,766,000	11,704,000	11,378,000	4,027,000	5,818,000	7,630,000	7,547,000	5,094,000	4,966,000	4,494,000	4,349,000	6,311,000	5,790,000	5,712,000	5,339,000	8,599,000	11,188,000	13,834,000	16,465,000	12,725,000
Revenue (ttm)	US$ in thousands	248,828,000	245,652,000	242,290,000	235,442,000	234,390,000	231,028,000	226,954,000	217,538,000	210,219,000	203,084,000	195,929,000	186,637,000	178,626,000	172,929,000	166,761,000	160,876,000	158,350,000	154,674,000	152,703,000	149,616,000
Gross profit margin		5.53%	4.76%	4.70%	1.71%	2.48%	3.30%	3.33%	2.34%	2.36%	2.21%	2.22%	3.38%	3.24%	3.30%	3.20%	5.35%	7.07%	8.94%	10.78%	8.51%

February 18, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $13,766,000K ÷ $248,828,000K
= 5.53%

The gross profit margin of Costco Wholesale Corp has fluctuated over the periods provided. From November 2019 to February 2020, the company experienced a significant increase in gross profit margin, reaching a peak of 10.78%. Subsequently, there was a decline in the margin, dropping to 1.71% in May 2023. However, Costco managed to improve this metric to 5.53% by February 2024. Overall, the company has demonstrated the ability to adapt to changing market conditions and maintain a reasonable level of gross profit margin over the analyzed periods.