Lancaster Colony Corporation (LANC)
Gross profit margin
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 432,302 | 427,858 | 417,601 | 398,235 | 388,568 | 393,812 | 367,907 | 362,407 | 355,719 | 353,975 | 376,193 | 386,436 | 386,723 | 379,126 | 365,538 | 358,582 | 358,036 | 347,169 | 345,604 | 337,107 |
| Revenue (ttm) | US$ in thousands | 1,871,715 | 1,873,707 | 1,867,196 | 1,858,674 | 1,822,639 | 1,820,249 | 1,758,808 | 1,709,841 | 1,676,360 | 1,609,326 | 1,563,081 | 1,509,669 | 1,466,850 | 1,402,355 | 1,366,451 | 1,346,534 | 1,334,351 | 1,337,167 | 1,333,704 | 1,328,187 |
| Gross profit margin | 23.10% | 22.83% | 22.37% | 21.43% | 21.32% | 21.64% | 20.92% | 21.20% | 21.22% | 22.00% | 24.07% | 25.60% | 26.36% | 27.03% | 26.75% | 26.63% | 26.83% | 25.96% | 25.91% | 25.38% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $432,302K ÷ $1,871,715K
= 23.10%
The gross profit margin of Lancaster Colony Corporation has exhibited fluctuations over the past several quarters. From the data provided, we can observe that the gross profit margin ranged from a low of 20.92% in December 2022 to a high of 27.03% in March 2021.
The company's gross profit margin saw a downward trend from June 2021 to December 2023, with a slight recovery in the most recent quarter ending June 30, 2024. This trend indicates potential challenges in maintaining profitability or managing cost of goods sold during that period.
It is important for Lancaster Colony Corporation to closely monitor its gross profit margin as it is a key indicator of the company's pricing strategy, production efficiency, and overall operational performance. Analyzing the factors contributing to the fluctuations in the gross profit margin can help the company make informed decisions to improve profitability and financial health in the future.
Peer comparison
Jun 30, 2024