National Vision Holdings Inc (EYE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -45,580 | 60,010 | 173,093 | 37,279 | 31,168 |
| Revenue | US$ in thousands | 2,127,880 | 2,006,690 | 2,080,160 | 1,662,480 | 1,678,310 |
| Gross profit margin | -2.14% | 2.99% | 8.32% | 2.24% | 1.86% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-45,580K ÷ $2,127,880K
= -2.14%
The gross profit margin of National Vision Holdings Inc has been fluctuating over the past five years. In 2023, the gross profit margin was negative, indicating that the company's cost of goods sold exceeded its revenue from sales. This negative margin suggests that the company may need to review its pricing strategies or control its costs more effectively.
In 2022, the gross profit margin improved to 2.99%, indicating that the company was able to generate more profit from its sales after accounting for the cost of goods sold. The following year, in 2021, the gross profit margin further increased to 8.32%, which suggests an improvement in the company's operational efficiency and profitability.
However, in 2020 and 2019, the gross profit margin was relatively lower at 2.24% and 1.86% respectively. These lower margins may indicate challenges in managing costs, pricing products effectively, or adapting to market conditions during those years.
Overall, National Vision Holdings Inc's gross profit margin has shown variability in recent years, and further analysis of the company's cost structure, pricing strategies, and revenue trends would be necessary to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2023