Campbell Soup Company Common Stock (CPB)

Gross profit margin

Jul 31, 2024 Jul 28, 2024 Jul 31, 2023 Jul 30, 2023 Jul 31, 2022
Gross profit US$ in thousands 2,971,000 1,078,000 2,917,000 1,406,000 2,627,000
Revenue US$ in thousands 9,636,000 9,636,000 9,357,000 9,357,000 8,562,000
Gross profit margin 30.83% 11.19% 31.17% 15.03% 30.68%

July 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,971,000K ÷ $9,636,000K
= 30.83%

The gross profit margin of Campbell Soup Company Common Stock has displayed some fluctuation over the years based on the provided data. In July 2022, the gross profit margin was 30.68%, indicating that for every dollar of revenue generated, the company retained $0.3068 as gross profit. However, there was a significant decrease in the margin to 15.03% by July 2023, suggesting a lower proportion of revenue available as gross profit.

Subsequently, there was a notable recovery in the gross profit margin to 31.17% by July 31, 2023, indicating improved cost management or pricing strategies to enhance profitability. However, in July 28, 2024, the margin experienced a sharp decline to 11.19%, reflecting potential challenges or operational inefficiencies impacting profitability.

Nevertheless, by July 31, 2024, the gross profit margin increased to 30.83%, potentially signaling efforts by the company to address the issues seen in the previous period. Overall, fluctuations in the gross profit margin of Campbell Soup Company Common Stock suggest varying levels of efficiency in managing production costs and pricing strategies, impacting the company's profitability over the analyzed period.