J & J Snack Foods Corp (JJSF)
Gross profit margin
| Sep 30, 2024 | 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 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 486,125 | 496,338 | 491,454 | 473,595 | 469,865 | 439,964 | 406,158 | 381,122 | 369,642 | 345,532 | 332,630 | 328,178 | 298,928 | 261,122 | 202,144 | 210,691 | 238,427 | 277,441 | 341,594 | 351,399 |
| Revenue (ttm) | US$ in thousands | 1,574,195 | 1,591,295 | 1,577,096 | 1,555,214 | 1,558,807 | 1,515,372 | 1,469,840 | 1,413,499 | 1,380,643 | 1,303,210 | 1,247,323 | 1,221,979 | 1,144,477 | 1,074,048 | 964,265 | 980,132 | 1,022,046 | 1,081,059 | 1,193,204 | 1,197,472 |
| Gross profit margin | 30.88% | 31.19% | 31.16% | 30.45% | 30.14% | 29.03% | 27.63% | 26.96% | 26.77% | 26.51% | 26.67% | 26.86% | 26.12% | 24.31% | 20.96% | 21.50% | 23.33% | 25.66% | 28.63% | 29.35% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $486,125K ÷ $1,574,195K
= 30.88%
The gross profit margin of J & J Snack Foods Corp has shown a fluctuating trend over the past several quarters. In the most recent period ending September 30, 2024, the gross profit margin was 30.88%, which was a slight decrease from the previous quarter. Over the last few quarters, the company has managed to maintain its gross profit margin above 30%, indicating efficient cost management and pricing strategies.
It is important to note that the gross profit margin reached its lowest point in the first quarter of 2021 at 20.96%, but has since shown a steady improvement. This indicates that the company has made operational efficiency improvements and pricing adjustments to enhance profitability.
Overall, the trend in the gross profit margin suggests that J & J Snack Foods Corp has been successful in managing its cost of goods sold relative to its revenue stream. However, the company should continue to focus on maintaining or improving its gross profit margin to ensure sustainable profitability in the long term.