J & J Snack Foods Corp (JJSF)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 486,125 | 469,865 | 369,642 | 298,928 | 238,427 |
| Revenue | US$ in thousands | 1,574,760 | 1,558,810 | 1,380,640 | 1,144,480 | 1,022,040 |
| Gross profit margin | 30.87% | 30.14% | 26.77% | 26.12% | 23.33% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $486,125K ÷ $1,574,760K
= 30.87%
The gross profit margin of J & J Snack Foods Corp has shown a consistent upward trend over the past five years, indicating an improvement in the company's ability to generate profits from its core operations. In the most recent fiscal year ending September 30, 2024, the gross profit margin reached 30.87%, the highest among the years analyzed. This suggests that the company has been effectively managing its production costs and optimizing its pricing strategies to enhance profitability.
Comparing the gross profit margin to previous years, there has been a steady increase from 23.33% in 2020 to 30.87% in 2024. This improvement reflects the company's efforts to control its cost of goods sold while increasing sales revenue. It signifies a positive trend in the company's operational efficiency and pricing strategies.
Overall, the consistent growth in J & J Snack Foods Corp's gross profit margin indicates a strengthening financial performance and effective management of its production and pricing processes, which bodes well for the company's profitability and competitiveness in the market.