Kroger Company (KR)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 31,650,000 | 29,848,000 | 28,494,000 | 29,244,000 | 25,175,000 |
| Revenue | US$ in thousands | 149,598,000 | 147,723,000 | 137,317,000 | 131,954,000 | 121,683,000 |
| Gross profit margin | 21.16% | 20.21% | 20.75% | 22.16% | 20.69% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $31,650,000K ÷ $149,598,000K
= 21.16%
Kroger Company's gross profit margin has exhibited some variability over the past five years. In the most recent fiscal year ending on February 3, 2024, the gross profit margin was 21.16%, showing a slight improvement compared to the previous fiscal year's margin of 20.21% as of January 28, 2023. However, it was still lower than the margin reported on January 29, 2022, which was 20.75%.
The highest gross profit margin in the period was recorded on January 30, 2021, at 22.16%, indicating stronger profitability from sales during that period. On the other hand, the lowest margin was reported on February 1, 2020, at 20.69%, which was slightly lower than the most recent fiscal year's margin.
Overall, the trend in gross profit margin for Kroger Company has shown some fluctuations, with varying levels of profitability achieved in different fiscal years. It is essential for stakeholders to monitor these fluctuations to assess the company's ability to effectively manage costs and generate profits from its core operations.
Peer comparison
Feb 3, 2024