Lamb Weston Holdings Inc (LW)
Gross profit margin
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,766,700 | 1,766,700 | 1,432,100 | 1,432,100 | 832,000 |
| Revenue | US$ in thousands | 6,467,600 | 6,461,700 | 5,350,600 | 5,371,000 | 4,098,900 |
| Gross profit margin | 27.32% | 27.34% | 26.77% | 26.66% | 20.30% |
May 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,766,700K ÷ $6,467,600K
= 27.32%
The gross profit margin of Lamb Weston Holdings Inc has shown a positive trend over the past few years. Starting at 20.30% as of May 31, 2022, the margin has steadily increased to 26.66% as of May 28, 2023, further improving to 26.77% by May 31, 2023. This positive trajectory continued with a margin of 27.34% as of May 26, 2024, and a slightly lower margin of 27.32% as of May 31, 2024.
This consistent improvement in the gross profit margin indicates that Lamb Weston Holdings Inc has been effectively managing its production costs and pricing strategies, resulting in a higher percentage of revenue retained as gross profit. It suggests that the company is efficiently generating revenue from its core operations, which bodes well for its overall financial performance.
Peer comparison
May 31, 2024