John B Sanfilippo & Son Inc (JBSS)
Gross profit margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 23, 2021 | Sep 23, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 214,139 | 218,856 | 219,447 | 218,010 | 211,631 | 213,098 | 202,739 | 198,467 | 199,627 | 190,256 | 196,893 | 197,458 | 184,987 | 178,915 | 175,674 | 172,859 | 175,775 | 178,651 | 174,661 | 167,564 |
| Revenue (ttm) | US$ in thousands | 1,066,783 | 1,031,433 | 998,084 | 981,190 | 999,686 | 1,023,212 | 1,003,261 | 982,140 | 955,868 | 904,862 | 894,170 | 874,538 | 858,482 | 855,939 | 859,671 | 872,519 | 880,092 | 894,990 | 884,412 | 890,508 |
| Gross profit margin | 20.07% | 21.22% | 21.99% | 22.22% | 21.17% | 20.83% | 20.21% | 20.21% | 20.88% | 21.03% | 22.02% | 22.58% | 21.55% | 20.90% | 20.44% | 19.81% | 19.97% | 19.96% | 19.75% | 18.82% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $214,139K ÷ $1,066,783K
= 20.07%
The gross profit margin of John B Sanfilippo & Son Inc has shown some fluctuations over the past several quarters. It ranged from a low of 18.82% in September 2019 to a high of 22.58% in March 2022. Overall, the trend has been relatively stable, with the margin generally hovering around the low 20% range.
The gross profit margin indicates the percentage of revenue that exceeds the costs of goods sold, reflecting the company's efficiency in production and pricing strategies. A consistent gross profit margin at around 20% indicates that the company is able to maintain a healthy balance between pricing its products competitively and managing production costs effectively.
It is important for John B Sanfilippo & Son Inc to continue monitoring and managing its gross profit margin to ensure profitability and competitiveness in the market. Any significant deviations from the historical trend should be investigated to identify underlying factors impacting the company's operational performance.
Peer comparison
Jun 30, 2024