Leslies Inc (LESL)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 548,223 | 673,741 | 595,160 |
| Revenue | US$ in thousands | 1,385,770 | 1,531,880 | 1,299,340 |
| Gross profit margin | 39.56% | 43.98% | 45.80% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $548,223K ÷ $1,385,770K
= 39.56%
The gross profit margin of Leslies Inc has shown a decreasing trend over the past three years. In September 2021, the gross profit margin stood at 45.80%, which then decreased to 43.98% in September 2022 and further dropped to 39.56% in September 2023. This downward trend indicates that the company's profitability from sales has been eroding over time. It could be a result of various factors such as increased cost of goods sold, pricing pressures, or inefficiencies in production processes. Management should closely monitor and analyze the components of the gross profit margin to identify areas for improvement and implement strategies to reverse this declining trend.
Peer comparison
Sep 30, 2023