Lancaster Colony Corporation (LANC)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 432,302 | 388,568 | 355,719 | 386,723 | 358,036 |
| Revenue | US$ in thousands | 1,871,720 | 1,822,640 | 1,676,360 | 1,466,850 | 1,334,000 |
| Gross profit margin | 23.10% | 21.32% | 21.22% | 26.36% | 26.84% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $432,302K ÷ $1,871,720K
= 23.10%
Lancaster Colony Corporation's gross profit margin has exhibited fluctuations over the past five years. In the most recent fiscal year ending June 30, 2024, the gross profit margin increased to 23.10%, up from 21.32% in the prior year. However, it remains lower than the levels observed in fiscal years 2021 and 2020, where the company reported higher gross profit margins of 26.36% and 26.84%, respectively. The gross profit margin indicates the efficiency of the company in generating profits from its core business operations after accounting for the cost of goods sold. The fluctuations in the gross profit margin may be attributed to various factors such as changes in pricing strategies, input costs, and sales volume. Further analysis of the underlying drivers of these fluctuations would provide additional insights into the company's performance and profitability dynamics.
Peer comparison
Jun 30, 2024