Flowers Foods Inc (FLO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 305,055 | 419,776 | 403,115 | 436,941 | 333,282 |
| Revenue | US$ in thousands | 5,090,830 | 4,805,820 | 4,330,770 | 4,387,990 | 4,123,970 |
| Gross profit margin | 5.99% | 8.73% | 9.31% | 9.96% | 8.08% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $305,055K ÷ $5,090,830K
= 5.99%
Flowers Foods Inc's gross profit margin has experienced fluctuations over the past five years. The margin decreased from 8.08% in 2019 to 5.99% in 2023, indicating a decline in profitability. This may raise concerns regarding the company's cost management or pricing strategies. The trend shows a general downward trajectory with occasional fluctuations, suggesting potential challenges in maintaining profitability in a competitive market environment. Further analysis of the company's cost structure and pricing policies could provide insights into the factors influencing the gross profit margin trend.
Peer comparison
Dec 31, 2023