Leslies Inc (LESL)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 476,790 | 548,223 | 673,741 | 595,160 |
| Revenue | US$ in thousands | 1,330,120 | 1,385,770 | 1,531,880 | 1,299,340 |
| Gross profit margin | 35.85% | 39.56% | 43.98% | 45.80% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $476,790K ÷ $1,330,120K
= 35.85%
The gross profit margin of Leslies Inc has been observing a declining trend over the past four years. In September 2021, the gross profit margin stood at 45.80%, which decreased to 43.98% in September 2022. This decline continued into September 2023, with the margin further dropping to 39.56%. The trend persisted in the most recent period ending in September 2024, where the gross profit margin declined to 35.85%. This decreasing trend in the gross profit margin could indicate potential challenges in maintaining profitability or controlling costs related to the company's core operations. It would be beneficial for stakeholders to further investigate the factors contributing to this decline to address any underlying issues and work towards improving the company's overall profitability.
Peer comparison
Sep 30, 2024