Kraft Heinz Co (KHC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,926,000 | 8,122,000 | 8,682,000 | 9,177,000 | 8,147,000 |
| Revenue | US$ in thousands | 25,669,000 | 25,743,000 | 23,232,000 | 24,638,000 | 24,040,000 |
| Gross profit margin | 34.77% | 31.55% | 37.37% | 37.25% | 33.89% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,926,000K ÷ $25,669,000K
= 34.77%
Kraft Heinz Co's gross profit margin has exhibited fluctuations over the past five years, ranging from a low of 31.55% in Dec 31, 2022 to a peak of 37.37% in Dec 31, 2021. The company's gross profit margin stood at 34.77% as of Dec 31, 2023, indicating an improvement compared to the previous year. The fluctuations in the gross profit margin could be attributed to various factors such as changes in input costs, pricing strategies, and operational efficiencies. It is noteworthy that the company has maintained a gross profit margin above 30% consistently, which suggests effective management of production costs and pricing strategies. Further analysis would be required to determine the specific drivers behind the changes in the gross profit margin over the years.
Peer comparison
Dec 31, 2023