Floor & Decor Holdings Inc (FND)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,858,350 | 1,727,720 | 1,422,270 | 1,034,890 | 863,014 |
| Revenue | US$ in thousands | 4,406,710 | 4,256,060 | 3,431,300 | 2,421,130 | 2,039,070 |
| Gross profit margin | 42.17% | 40.59% | 41.45% | 42.74% | 42.32% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,858,350K ÷ $4,406,710K
= 42.17%
Floor & Decor Holdings Inc's gross profit margin has shown fluctuations over the past five years, ranging from 40.59% in 2019 to 42.74% in 2020. In the most recent year, as of December 31, 2023, the gross profit margin improved to 42.17%. This indicates that the company was able to generate more revenue after accounting for the cost of goods sold compared to the previous year, reflecting potentially improved operational efficiency or pricing strategies. However, it is essential to consider other factors such as changes in input costs, competition, and consumer behavior to gain a comprehensive understanding of the factors influencing the gross profit margin performance.
Peer comparison
Dec 31, 2023