Flowers Foods Inc (FLO)

Gross profit margin

		Dec 31, 2023	Oct 7, 2023	Jul 15, 2023	Apr 22, 2023	Dec 31, 2022	Oct 8, 2022	Apr 23, 2022	Dec 31, 2021	Oct 9, 2021	Jul 17, 2021	Apr 24, 2021	Dec 31, 2020	Sep 30, 2020	Jul 11, 2020	Apr 18, 2020	Dec 31, 2019	Oct 5, 2019	Jul 13, 2019	Apr 20, 2019	Dec 31, 2018
Gross profit (ttm)	US$ in thousands	308,402	218,596	245,705	275,281	148,425	655,047	756,299	758,008	1,257,767	1,237,036	1,134,784	1,132,541	1,064,181	1,029,695	1,501,102	2,124,076	2,571,796	3,036,810	2,568,568	2,530,345
Revenue (ttm)	US$ in thousands	5,090,830	5,044,470	5,003,380	5,211,260	4,660,260	4,605,390	4,464,530	4,330,770	4,370,320	4,332,170	4,340,720	4,387,990	4,282,709	4,259,620	4,209,519	4,123,979	4,086,887	4,043,775	4,009,299	3,951,849
Gross profit margin		6.06%	4.33%	4.91%	5.28%	3.18%	14.22%	16.94%	17.50%	28.78%	28.55%	26.14%	25.81%	24.85%	24.17%	35.66%	51.51%	62.93%	75.10%	64.07%	64.03%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $308,402K ÷ $5,090,830K
= 6.06%

The gross profit margin of Flowers Foods Inc has exhibited fluctuations over the past few years, ranging from as low as 3.18% to as high as 75.10%. The trend shows a noticeable decline in the most recent periods, with a substantial drop from 35.66% in April 2020 to 6.06% in December 2023. The highest gross profit margin was recorded in December 2018 at 75.10%.

The declining trend in gross profit margin may indicate various factors such as changes in pricing strategies, cost structure, or competitive pressures. The significant fluctuations in the gross profit margin highlight the company's potential challenges in maintaining consistent profitability in its operations.

It would be advisable for investors and stakeholders to further investigate the reasons behind the fluctuations in the gross profit margin to assess the company's overall financial health and sustainability.