Monro Muffler Brake Inc (MNRO)
Gross profit margin
| Mar 31, 2024 | Dec 23, 2023 | Sep 23, 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 452,103 | 445,846 | 446,620 | 448,382 | 456,175 | 457,015 | 464,146 | 478,094 | 481,836 | 484,273 | 459,829 | 433,672 | 395,195 | 390,204 | 418,418 | 435,965 | 476,658 | 484,649 | 478,263 | 476,138 |
| Revenue (ttm) | US$ in thousands | 1,257,454 | 1,259,563 | 1,276,197 | 1,283,020 | 1,306,258 | 1,322,070 | 1,328,931 | 1,346,241 | 1,335,392 | 1,311,778 | 1,253,445 | 1,193,287 | 1,098,172 | 1,077,405 | 1,121,963 | 1,157,883 | 1,227,770 | 1,229,332 | 1,210,315 | 1,193,432 |
| Gross profit margin | 35.95% | 35.40% | 35.00% | 34.95% | 34.92% | 34.57% | 34.93% | 35.51% | 36.08% | 36.92% | 36.69% | 36.34% | 35.99% | 36.22% | 37.29% | 37.65% | 38.82% | 39.42% | 39.52% | 39.90% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $452,103K ÷ $1,257,454K
= 35.95%
The gross profit margin of Monro Muffler Brake Inc has shown some fluctuations over the past few quarters. It has ranged from 34.57% to 39.90% over the last two years. The trend indicates a consistent gross profit margin above 35%, with some quarters showing higher margins exceeding 38%. This suggests that the company has been able to effectively manage its cost of goods sold relative to its revenue, resulting in a healthy level of gross profit.
However, the slight variations in the gross profit margin may indicate changes in pricing strategy, cost control measures, or fluctuations in input costs. It would be beneficial to further analyze the company's financial performance and operational aspects to understand the factors impacting its gross profit margin.
Peer comparison
Mar 31, 2024