Kroger Company (KR)
Gross profit margin
| Feb 3, 2024 | Nov 4, 2023 | Aug 12, 2023 | May 20, 2023 | Jan 28, 2023 | Nov 5, 2022 | Aug 13, 2022 | May 21, 2022 | Jan 29, 2022 | Nov 6, 2021 | Aug 14, 2021 | May 22, 2021 | Jan 30, 2021 | Nov 7, 2020 | May 23, 2020 | Feb 1, 2020 | Nov 9, 2019 | Aug 17, 2019 | May 25, 2019 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 31,651,000 | 24,467,000 | 24,274,000 | 24,111,000 | 23,657,000 | 29,773,000 | 29,262,000 | 28,778,000 | 28,495,000 | 29,480,000 | 29,493,000 | 32,779,000 | 29,823,000 | 28,840,000 | 28,165,000 | 55,290,000 | 55,224,000 | 76,590,000 | 98,084,000 | 98,089,000 |
| Revenue (ttm) | US$ in thousands | 149,599,000 | 147,344,000 | 147,560,000 | 148,311,000 | 147,722,000 | 145,928,000 | 143,574,000 | 140,608,000 | 137,318,000 | 135,034,000 | 132,903,000 | 142,733,000 | 130,353,000 | 127,559,000 | 126,003,000 | 121,682,000 | 121,073,000 | 120,766,000 | 120,453,000 | 120,737,000 |
| Gross profit margin | 21.16% | 16.61% | 16.45% | 16.26% | 16.01% | 20.40% | 20.38% | 20.47% | 20.75% | 21.83% | 22.19% | 22.97% | 22.88% | 22.61% | 22.35% | 45.44% | 45.61% | 63.42% | 81.43% | 81.24% |
February 3, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $31,651,000K ÷ $149,599,000K
= 21.16%
Based on the data provided, Kroger Company's gross profit margin has shown some fluctuations over the past several quarters. The gross profit margin is a key financial ratio that indicates the profitability of a company's core business activities.
In the most recent quarter, Feb 3, 2024, Kroger's gross profit margin was 21.16%, which represents the percentage of revenue left after subtracting the cost of goods sold. This suggests that for every dollar in revenue generated, Kroger retained $0.21 as gross profit.
Looking at the trend over the past few quarters, there seems to be a general stability in the gross profit margin, hovering around the mid-teens to low twenties range. However, there was a notable spike in the gross profit margin in the earlier quarters of 2019, reaching as high as 81.43% in Aug 2019 and 81.24% in May 2019, which could be attributed to various factors such as inventory management, pricing strategies, or cost efficiencies.
Overall, Kroger's gross profit margin performance indicates that the company has been able to effectively manage its costs and maintain a decent level of profitability in its core operations, although there have been some fluctuations in recent quarters. Further analysis of the factors contributing to these fluctuations would provide a deeper understanding of Kroger's financial performance.
Peer comparison
Feb 3, 2024