Kraft Heinz Co (KHC)
Gross profit margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 8,926,000 | 8,973,000 | 8,581,000 | 8,304,000 | 8,122,000 | 7,920,000 | 8,105,000 | 8,412,000 | 8,682,000 | 9,043,000 | 9,359,000 | 9,520,000 | 9,177,000 | 8,761,000 | 8,364,000 | 7,994,000 | 8,147,000 | 8,256,000 | 8,403,000 | 8,668,000 |
| Revenue (ttm) | US$ in thousands | 25,904,000 | 26,385,000 | 26,412,000 | 26,384,000 | 25,729,000 | 23,928,000 | 23,469,000 | 23,040,000 | 23,202,000 | 24,866,000 | 25,001,000 | 25,170,000 | 25,036,000 | 24,643,000 | 24,255,000 | 24,180,000 | 24,202,000 | 24,222,000 | 24,591,000 | 24,854,000 |
| Gross profit margin | 34.46% | 34.01% | 32.49% | 31.47% | 31.57% | 33.10% | 34.53% | 36.51% | 37.42% | 36.37% | 37.43% | 37.82% | 36.66% | 35.55% | 34.48% | 33.06% | 33.66% | 34.08% | 34.17% | 34.88% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,926,000K ÷ $25,904,000K
= 34.46%
The gross profit margin of Kraft Heinz Co has shown fluctuations over the analyzed period. In general, the company has maintained a gross profit margin ranging from the high 30% to mid-30% range, with some variability quarter to quarter. The trend indicates a slight decline in recent quarters, with the margin decreasing from 37.82% in June 2021 to 34.46% in December 2023. This could suggest factors impacting the company's cost of goods sold or pricing strategies. Further analysis would be required to understand the specific drivers behind these changes in the gross profit margin.
Peer comparison
Dec 31, 2023